Bitcoin 24-Hour Trading Volume Tops $61.76 Billion (BTC)

Bitcoin (BTC) traded 2.3% lower against the dollar during the 24 hour period ending at 8:00 AM ET on January 9th. Bitcoin has a market capitalization of $1,843.30 billion and approximately $61.76 billion worth of Bitcoin was traded on exchanges in the last 24 hours. During the last seven days, Bitcoin has traded down 3.7% against the dollar. One Bitcoin coin can now be purchased for approximately $93,059.88 on cryptocurrency exchanges.

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

• Bitcoin Cash (BCH) traded 2.2% lower against the dollar and now trades at $425.31 or 0.00457024 BTC.
• Bitcoin SV (BSV) traded up 0.4% against the dollar and now trades at $52.53 or 0.00056453 BTC.
• Arweave (AR) traded 2.8% lower against the dollar and now trades at $15.51 or 0.00016667 BTC.
• eCash (XEC) traded up 6.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded down 1.4% against the dollar and now trades at $0.11 or 0.00000116 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 19,807,725 coins. The official website for Bitcoin is bitcoin.org. Bitcoin’s official message board 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 Twitter account is @bitcoin and its Facebook page is accessible 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 trade Bitcoin using U.S. dollars directly can do so using Gemini, GDAX or Changelly.

BTC/USD price chart by TradingView