Bitcoin Reaches 24-Hour Volume of $19.54 Billion (BTC)

Bitcoin (BTC) traded 0.4% higher against the U.S. dollar during the 1-day period ending at 11:00 AM E.T. on August 6th. One Bitcoin coin can currently be bought for about $23,214.12 on major cryptocurrency exchanges. Over the last seven days, Bitcoin has traded down 5% against the U.S. dollar. Bitcoin has a market cap of $443.71 billion and approximately $19.54 billion worth of Bitcoin was traded on exchanges in the last day.

Here is how other cryptocurrencies have performed over the last day:

• Bitcoin Cash (BCH) traded up 2% against the dollar and now trades at $141.11 or 0.00607852 BTC.
• Bitcoin SV (BSV) traded 1.3% higher against the dollar and now trades at $62.11 or 0.00267546 BTC.
• Alpha Coin (ALPHA) traded 0.4% higher against the dollar and now trades at $0.0257 or 0.00000111 BTC.
• Steem (STEEM) traded up 1.4% against the dollar and now trades at $0.26 or 0.00001122 BTC.
• Coin of champions (COC) traded 0.9% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Namecoin (NMC) traded 4.7% higher against the dollar and now trades at $1.05 or 0.00004527 BTC.
• Counterparty (XCP) traded 0.2% higher against the dollar and now trades at $3.62 or 0.00015604 BTC.
• ICC (ICC) traded 8.9% lower against the dollar and now trades at $0.0274 or 0.00000115 BTC.
• Bogged Finance (BOG) traded 19.1% higher against the dollar and now trades at $0.45 or 0.00001469 BTC.
• ArenaPlay (APC) traded down 0.8% against the dollar and now trades at $0.65 or 0.00002786 BTC.

About Bitcoin

Bitcoin (BTC) is a proof-of-work (PoW) coin that uses the SHA-256 hashing algorithm. Its launch date was January 3rd, 2009. Bitcoin’s total supply is 19,114,012 coins. The official website for Bitcoin is bitcoin.org. The official message board for Bitcoin is bitcointalk.org. Bitcoin’s official Twitter account is @bitcoin and its Facebook page is accessible here. The Reddit community for Bitcoin is /r/bitcoin and the currency’s Github account can be viewed here.

According to CryptoCompare, “Balances – block chain The block chain is a shared public ledger on which the entire Bitcoin network relies. All confirmed transactions are included in the block chain. This way, Bitcoin wallets can calculate their spendable balance and new transactions can be verified to be spending bitcoins that are actually owned by the spender. The integrity and the chronological order of the block chain are enforced with cryptography. Transactions – private keys A transaction is a transfer of value between Bitcoin wallets that gets included in the block chain. Bitcoin wallets keep a secret piece of data called a private key or seed, which is used to sign transactions, providing a mathematical proof that they have come from the owner of the wallet. The signature also prevents the transaction from being altered by anybody once it has been issued. All transactions are broadcast between users and usually begin to be confirmed by the network in the following 10 minutes, through a process called mining. Processing – mining Mining is a distributed consensus system that is used to confirm waiting transactions by including them in the block chain. It enforces a chronological order in the block chain, protects the neutrality of the network, and allows different computers to agree on the state of the system. To be confirmed, transactions must be packed in a block that fits very strict cryptographic rules that will be verified by the network. These rules prevent previous blocks from being modified because doing so would invalidate all following blocks. Mining also creates the equivalent of a competitive lottery that prevents any individual from easily adding new blocks consecutively in the block chain. This way, no individuals can control what is included in the block chain or replace parts of the block chain to roll back their own spends. “

Buying and Selling Bitcoin

Investors seeking to trade Bitcoin using U.S. dollars directly can do so using Changelly, GDAX or Gemini.