Bitcoin (BTC) Hits 24 Hour Volume of $42.21 Billion

Bitcoin (BTC) traded 0.3% lower against the U.S. dollar during the 1 day period ending at 8:00 AM E.T. on January 29th. Bitcoin has a market capitalization of $2,026.67 billion and approximately $42.21 billion worth of Bitcoin was traded on exchanges in the last 24 hours. During the last seven days, Bitcoin has traded 2.9% lower against the U.S. dollar. One Bitcoin coin can now be purchased for $102,272.03 on cryptocurrency exchanges.

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

• Bitcoin Cash (BCH) traded 3.5% lower against the dollar and now trades at $411.95 or 0.00402795 BTC.
• Bitcoin SV (BSV) traded 1% lower against the dollar and now trades at $48.34 or 0.00047267 BTC.
• Arweave (AR) traded down 2.7% against the dollar and now trades at $12.76 or 0.00012478 BTC.
• eCash (XEC) traded down 1.5% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded 0.9% lower against the dollar and now trades at $0.0889 or 0.00000087 BTC.

Bitcoin Coin Profile

Bitcoin (CRYPTO:BTC) 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 19,816,421 coins. Bitcoin’s official Twitter account is @bitcoin and its Facebook page is accessible here. The official message board for Bitcoin is bitcointalk.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 website is bitcoin.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, Changelly or Coinbase.

BTC/USD price chart by TradingView