Bitcoin (BTC) Price Down 7.2% Over Last Week

Bitcoin (BTC) traded down 1.2% against the US dollar during the twenty-four hour period ending at 12:00 PM ET on September 8th. Bitcoin has a market cap of $1,064.74 billion and approximately $789.26 million worth of Bitcoin was traded on exchanges in the last day. One Bitcoin coin can currently be bought for $53,906.98 on exchanges. Over the last seven days, Bitcoin has traded down 7.2% against the US dollar.

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

• Bitcoin Cash (BCH) traded 2.3% lower against the dollar and now trades at $300.85 or 0.00558503 BTC.
• Arweave (AR) traded down 4.7% against the dollar and now trades at $19.76 or 0.00036680 BTC.
• Bitcoin SV (BSV) traded down 2.8% against the dollar and now trades at $43.89 or 0.00081470 BTC.
• eCash (XEC) traded 2.1% higher against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded 1% higher against the dollar and now trades at $0.10 or 0.00000192 BTC.

About Bitcoin

Bitcoin is a proof-of-work (PoW) coin that uses the SHA-256 hashing algorithm. It launched on July 13th, 2010. Bitcoin’s total supply is 19,751,509 coins. The official website for Bitcoin is bitcoin.org. Bitcoin’s official message board is bitcointalk.org. Bitcoin’s official Twitter account is @bitcoin and its Facebook page is accessible here. The Reddit community for Bitcoin is https://reddit.com/r/bitcoin and the currency’s Github account can be viewed here.

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 U.S. dollars directly can do so using GDAX, Gemini or Coinbase.

BTC/USD price chart by TradingView