Bitcoin Achieves Market Cap of $1,951.28 Billion (BTC)

Bitcoin (BTC) traded up 0.8% against the US dollar during the 24-hour period ending at 7:00 AM ET on November 22nd. In the last week, Bitcoin has traded 9.9% higher against the US dollar. One Bitcoin coin can currently be purchased for $98,619.72 on exchanges. Bitcoin has a total market cap of $1,951.28 billion and approximately $89.87 billion worth of Bitcoin was traded on exchanges in the last 24 hours.

Here is how other cryptocurrencies have performed in the last 24 hours:

• Bitcoin Cash (BCH) traded 2.6% lower against the dollar and now trades at $489.35 or 0.00495819 BTC.
• Bitcoin SV (BSV) traded 6.2% lower against the dollar and now trades at $67.81 or 0.00068710 BTC.
• Arweave (AR) traded up 0.2% against the dollar and now trades at $17.98 or 0.00018221 BTC.
• eCash (XEC) traded 3.2% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded 2.6% higher against the dollar and now trades at $0.11 or 0.00000108 BTC.

About Bitcoin

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 19,785,878 coins. The official message board for Bitcoin is bitcointalk.org. The official website for Bitcoin is bitcoin.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 Changelly, Coinbase or Gemini.

BTC/USD price chart by TradingView