Bitcoin Market Cap Reaches $1,206.72 Billion (BTC)

Bitcoin (BTC) traded up 7.7% against the US dollar during the one day period ending at 23:00 PM E.T. on February 28th. Bitcoin has a total market cap of $1,206.72 billion and $88.48 billion worth of Bitcoin was traded on exchanges in the last day. During the last week, Bitcoin has traded up 19% against the US dollar. One Bitcoin coin can now be purchased for $61,440.29 on popular cryptocurrency exchanges.

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

  • Bitcoin Cash (BCH) traded up 2.7% against the dollar and now trades at $299.75 or 0.00487869 BTC.
  • Arweave (AR) traded up 22.9% against the dollar and now trades at $27.96 or 0.00045503 BTC.
  • Bitcoin SV (BSV) traded 2.1% higher against the dollar and now trades at $81.31 or 0.00132336 BTC.
  • eCash (XEC) traded 2.2% higher against the dollar and now trades at $0.0000 or 0.00000000 BTC.
  • Syscoin (SYS) traded 20.5% higher against the dollar and now trades at $0.20 or 0.00000320 BTC.

About Bitcoin

Bitcoin (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 19,640,556 coins. Bitcoin’s official website is bitcoin.org. Bitcoin’s official Twitter account is @bitcoin and its Facebook page is accessible here. 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.

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 trade Bitcoin using U.S. dollars directly can do so using GDAX, Gemini or Coinbase.

Receive News & Updates for Bitcoin Daily - Enter your email address below to receive a concise daily summary of the latest news and updates for Bitcoin and related cryptocurrencies with MarketBeat.com's FREE CryptoBeat newsletter.