Bitcoin (BTC) Price Reaches $98,481.24 on Major Exchanges

Bitcoin (BTC) traded down 3.3% against the US dollar during the 1-day period ending at 8:00 AM E.T. on February 2nd. Over the last week, Bitcoin has traded down 6% against the US dollar. Bitcoin has a market cap of $1,951.76 billion and $2.45 billion worth of Bitcoin was traded on exchanges in the last 24 hours. One Bitcoin coin can currently be bought for approximately $98,481.24 on exchanges.

Here’s how other cryptocurrencies have performed over the last 24 hours:

• Bitcoin Cash (BCH) traded down 7.5% against the dollar and now trades at $392.61 or 0.00398667 BTC.
• Bitcoin SV (BSV) traded 8.2% lower against the dollar and now trades at $45.17 or 0.00045866 BTC.
• Arweave (AR) traded 12.9% lower against the dollar and now trades at $13.57 or 0.00013784 BTC.
• eCash (XEC) traded down 8.9% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded 10% lower against the dollar and now trades at $0.0835 or 0.00000085 BTC.

Bitcoin Profile

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 19,818,637 coins. Bitcoin’s official website 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. Bitcoin’s official message board is bitcointalk.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.”

Bitcoin Coin Trading

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

BTC/USD price chart by TradingView