Bitcoin (BTC) Price Hits $69,473.05

Bitcoin (BTC) traded down 2.7% against the US dollar during the one day period ending at 10:00 AM E.T. on November 2nd. Bitcoin has a total market capitalization of $1,373.95 billion and approximately $2.05 billion worth of Bitcoin was traded on exchanges in the last 24 hours. In the last week, Bitcoin has traded up 4% against the US dollar. One Bitcoin coin can currently be purchased for about $69,473.05 on cryptocurrency exchanges.

Here’s how similar cryptocurrencies have performed in the last 24 hours:

• Bitcoin Cash (BCH) traded 3.2% lower against the dollar and now trades at $345.22 or 0.00496911 BTC.
• Bitcoin SV (BSV) traded 4.9% lower against the dollar and now trades at $48.78 or 0.00070221 BTC.
• Arweave (AR) traded down 8.3% against the dollar and now trades at $14.45 or 0.00020805 BTC.
• eCash (XEC) traded 4.4% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded down 4.3% against the dollar and now trades at $0.0955 or 0.00000137 BTC.

About Bitcoin

Bitcoin (CRYPTO: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 19,776,703 coins. 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. Bitcoin’s official website is bitcoin.org. 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 trade Bitcoin using US dollars directly can do so using Gemini, Changelly or GDAX.

BTC/USD price chart by TradingView