Bitcoin (BTC) Hits Market Capitalization of $125.84 Billion

   2019-05-12 01:05

Bitcoin (CURRENCY:BTC) traded up 10.4% against the dollar during the 1 day period ending at 21:00 PM Eastern on May 11th. During the last week, Bitcoin has traded 22.6% higher against the dollar. One Bitcoin coin can currently be purchased for about $7,111.69 on popular cryptocurrency exchanges including Liquid, Trade By Trade, ChaoEX and GOPAX. Bitcoin has a total market cap of $125.84 billion and approximately $30.06 billion worth of Bitcoin was traded on exchanges in the last day.

Here is how other cryptocurrencies have performed during the last day:



  • Bitcoin Cash (BCH) traded 20.8% higher against the dollar and now trades at $350.11 or 0.04926289 BTC.
  • Steem (STEEM) traded up 3.8% against the dollar and now trades at $0.32 or 0.00004538 BTC.
  • Unobtanium (UNO) traded up 16.9% against the dollar and now trades at $156.47 or 0.02201662 BTC.
  • Namecoin (NMC) traded 9.5% lower against the dollar and now trades at $0.46 or 0.00006503 BTC.
  • Counterparty (XCP) traded up 6.3% against the dollar and now trades at $1.45 or 0.00020335 BTC.
  • Crown (CRW) traded down 2.5% against the dollar and now trades at $0.12 or 0.00001631 BTC.
  • Terracoin (TRC) traded up 7.6% against the dollar and now trades at $0.0379 or 0.00000533 BTC.
  • ATBCoin (ATB) traded up 6.6% against the dollar and now trades at $0.0132 or 0.00000186 BTC.
  • CHIPS (CHIPS) traded flat against the dollar and now trades at $0.0205 or 0.00000392 BTC.
  • Zetacoin (ZET) traded 0.1% higher against the dollar and now trades at $0.0021 or 0.00000030 BTC.

Bitcoin Profile

BTC is a proof-of-work (PoW) coin that uses the SHA-256 hashing algorithm. It launched on January 3rd, 2009. Bitcoin’s total supply is 17,695,100 coins. The official message board for Bitcoin is bitcointalk.org. Bitcoin’s official Twitter account is @bitcoin and its Facebook page is accessible here. The official website for Bitcoin is bitcoin.org. The Reddit community for Bitcoin is /r/bitcoin and the currency’s Github account can be viewed here.

According to CryptoCompare, “Balances – block chain The block chain is a shared public ledger on which the entire Bitcoin network relies. All confirmed transactions are included in the block chain. This way, Bitcoin wallets can calculate their spendable balance and new transactions can be verified to be spending bitcoins that are actually owned by the spender. The integrity and the chronological order of the block chain are enforced with cryptography. Transactions – private keys A transaction is a transfer of value between Bitcoin wallets that gets included in the block chain. Bitcoin wallets keep a secret piece of data called a private key or seed, which is used to sign transactions, providing a mathematical proof that they have come from the owner of the wallet. The signature also prevents the transaction from being altered by anybody once it has been issued. All transactions are broadcast between users and usually begin to be confirmed by the network in the following 10 minutes, through a process called mining. Processing – mining Mining is a distributed consensus system that is used to confirm waiting transactions by including them in the block chain. It enforces a chronological order in the block chain, protects the neutrality of the network, and allows different computers to agree on the state of the system. To be confirmed, transactions must be packed in a block that fits very strict cryptographic rules that will be verified by the network. These rules prevent previous blocks from being modified because doing so would invalidate all following blocks. Mining also creates the equivalent of a competitive lottery that prevents any individual from easily adding new blocks consecutively in the block chain. This way, no individuals can control what is included in the block chain or replace parts of the block chain to roll back their own spends.”

Buying and Selling Bitcoin

Bitcoin can be traded on these cryptocurrency exchanges: Liquid, Coinroom, Coinhub, B2BX, Coinsuper, Exrates, Cryptonex, Upbit, C2CX, Coinone, Ovis, OKEx, Cobinhood, CEX.IO, LBank, Allcoin, DigiFinex, MBAex, Bittrex, Bitlish, Coinsquare, Coinbase Pro, Iquant, Bibox, OOOBTC, Paribu, Kryptono, BitBay, Covesting, Coincheck, BTCBOX, itBit, Binance, Gate.io, DOBI trade, BTC-Alpha, ChaoEX, YoBit, Livecoin, BCEX, BitMEX, HADAX, Poloniex, RightBTC, Bitstamp, LATOKEN, Hotbit, Gemini, Bitsane, HitBTC, Huobi, IDAX, Exmo, BiteBTC, Bitbank, OEX, CoinEgg, IDCM, Kraken, GOPAX, CoinTiger, FCoin, BtcTrade.im, Bitinka, DragonEX, Fatbtc, Bitfinex, bitFlyer, QuadrigaCX, EXX, Simex, Coindeal, CoinEx, Korbit, Coinbe, Kucoin, ABCC, BigONE, CPDAX, InfinityCoin Exchange, BitForex, Bit-Z, LakeBTC, Negocie Coins, UEX, ZB.COM, Instant Bitex, Cryptopia, Tidex, CoinBene, TOPBTC, Trade By Trade, BitMart, Sistemkoin, CoinsBank, Mercatox, Vebitcoin, xBTCe, Bithumb, LocalTrade and Zaif. Investors seeking to acquire Bitcoin using US dollars directly can do so using GDAX, Coinbase or Gemini.

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