Bitcoin Price Down 5.3% This Week (BTC)

Bitcoin (BTC) traded 3.7% lower against the U.S. dollar during the 1-day period ending at 18:00 PM ET on July 4th. Bitcoin has a total market capitalization of $1,147.96 billion and $2.24 billion worth of Bitcoin was traded on exchanges in the last day. During the last seven days, Bitcoin has traded 5.3% lower against the U.S. dollar. One Bitcoin coin can now be purchased for $58,214.76 on major cryptocurrency exchanges.

Here’s how similar cryptocurrencies have performed during the last day:

• Bitcoin Cash (BCH) traded down 8.3% against the dollar and now trades at $342.20 or 0.00587550 BTC.
• Arweave (AR) traded down 9.8% against the dollar and now trades at $23.37 or 0.00040126 BTC.
• Bitcoin SV (BSV) traded down 9.9% against the dollar and now trades at $38.24 or 0.00065659 BTC.
• eCash (XEC) traded 3.5% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded down 8.3% against the dollar and now trades at $0.11 or 0.00000183 BTC.

Bitcoin Coin Profile

Bitcoin (BTC) is a proof-of-work (PoW) coin that uses the SHA-256 hashing algorithm. Its launch date was July 13th, 2010. Bitcoin’s total supply is 19,719,450 coins. The official website for Bitcoin is bitcoin.org. The Reddit community for Bitcoin is https://reddit.com/r/bitcoin and the currency’s Github account can be viewed here. Bitcoin’s official Twitter account is @bitcoin and its Facebook page is accessible here. The official message board for Bitcoin is bitcointalk.org.

According to CryptoCompare, “Bitcoin is a decentralized cryptocurrency that uses peer-to-peer technology and a blockchain to record transactions. It was created by Satoshi Nakamoto and the first block was mined on January 3, 2009. Bitcoin transactions are recorded on a blockchain, which is a distributed ledger that can be accessed by anyone to verify transactions. Transactions are verified by miners, who are rewarded with a set amount of Bitcoin and transaction fees. The supply of Bitcoin is limited to 21 million coins and it is divisible to eight decimal places. A wallet is needed to use Bitcoin and it consists of a public key, which is used to send and receive payments, and a private key, which is used to control the wallet. Bitcoin can be used for a variety of purposes, including everyday transactions, as a store of value, or for investment.”

Buying and Selling Bitcoin

Investors seeking to acquire Bitcoin using US dollars directly can do so using GDAX, Gemini or Coinbase.

BTC/USD price chart by TradingView