Bitcoin Market Capitalization Hits $1,701.48 Billion (BTC)

Bitcoin (BTC) traded 1.7% higher against the U.S. dollar during the 1 day period ending at 8:00 AM E.T. on March 2nd. One Bitcoin coin can currently be bought for approximately $85,797.94 on cryptocurrency exchanges. Bitcoin has a market cap of $1,701.48 billion and approximately $1.06 billion worth of Bitcoin was traded on exchanges in the last day. In the last week, Bitcoin has traded 10.4% lower against the U.S. dollar.

Here’s how related cryptocurrencies have performed in the last day:

• Bitcoin Cash (BCH) traded 2.7% higher against the dollar and now trades at $318.95 or 0.00371749 BTC.
• Bitcoin SV (BSV) traded up 0.5% against the dollar and now trades at $34.81 or 0.00040578 BTC.
• Arweave (AR) traded up 3.1% against the dollar and now trades at $8.16 or 0.00009512 BTC.
• eCash (XEC) traded up 0.8% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded 1.9% higher against the dollar and now trades at $0.0605 or 0.00000071 BTC.

Bitcoin Profile

Bitcoin (BTC) is a proof-of-work (PoW) coin that uses the SHA-256 hashing algorithm. It was first traded on July 13th, 2010. Bitcoin’s total supply is 19,831,253 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 official website for Bitcoin is bitcoin.org. 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.”

Bitcoin Coin Trading

Investors seeking to acquire Bitcoin using U.S. dollars directly can do so using Coinbase, GDAX or Gemini.

BTC/USD price chart by TradingView