Bitcoin Price Down 6.5% This Week (BTC)

   2019-10-17 00:10

Bitcoin (CURRENCY:BTC) traded 2.2% lower against the US dollar during the one day period ending at 20:00 PM ET on October 16th. In the last week, Bitcoin has traded 6.5% lower against the US dollar. Bitcoin has a total market capitalization of $144.45 billion and approximately $15.92 billion worth of Bitcoin was traded on exchanges in the last day. One Bitcoin coin can currently be purchased for about $8,026.49 on popular cryptocurrency exchanges including BitForex, Simex, Coindeal and HADAX.

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



  • Bitcoin Cash (BCH) traded 3.1% lower against the dollar and now trades at $217.18 or 0.02702765 BTC.
  • Steem (STEEM) traded up 5.6% against the dollar and now trades at $0.14 or 0.00001757 BTC.
  • Unobtanium (UNO) traded flat against the dollar and now trades at $51.58 or 0.00629968 BTC.
  • Namecoin (NMC) traded 1.2% lower against the dollar and now trades at $0.45 or 0.00005659 BTC.
  • Color Platform (CLR) traded down 1.8% against the dollar and now trades at $0.0313 or 0.00000389 BTC.
  • Counterparty (XCP) traded down 15% against the dollar and now trades at $1.42 or 0.00017645 BTC.
  • Crown (CRW) traded 9.4% lower against the dollar and now trades at $0.0499 or 0.00000622 BTC.
  • PIXEL (PXL) traded down 4.2% against the dollar and now trades at $0.0169 or 0.00000211 BTC.
  • Terracoin (TRC) traded up 1% against the dollar and now trades at $0.0226 or 0.00000281 BTC.
  • CHIPS (CHIPS) traded flat against the dollar and now trades at $0.0205 or 0.00000392 BTC.

Bitcoin Profile

BTC is a proof-of-work (PoW) coin that uses the SHA-256 hashing algorithm. Its genesis date was January 3rd, 2009. Bitcoin’s total supply is 17,996,137 coins. The Reddit community for Bitcoin is /r/bitcoin and the currency’s Github account can be viewed here. The official website for Bitcoin is bitcoin.org. The official message board for Bitcoin is bitcointalk.org. Bitcoin’s official Twitter account is @bitcoin and its Facebook page is accessible 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 purchased on these cryptocurrency exchanges: Iquant, FCoin, Zaif, Kryptono, Binance, Trade By Trade, Mercatox, ChaoEX, Simex, CoinTiger, IDCM, Sistemkoin, bitFlyer, Bitstamp, Livecoin, Paribu, B2BX, Huobi, UEX, GOPAX, Korbit, Bitsane, BigONE, Vebitcoin, Coinsuper, BitForex, BCEX, Coindeal, Fatbtc, YoBit, Coinone, Cobinhood, HitBTC, CoinEgg, Covesting, TOPBTC, Bittrex, Kraken, Coincheck, DigiFinex, Ovis, Exrates, BitMart, itBit, ZB.COM, HADAX, LakeBTC, CEX.IO, Gemini, ABCC, xBTCe, Exmo, Bitinka, Liquid, LBank, OKEx, DragonEX, IDAX, Negocie Coins, QuadrigaCX, OOOBTC, Poloniex, Coinbase Pro, CoinsBank, BtcTrade.im, Bit-Z, C2CX, Hotbit, Coinhub, Instant Bitex, Kucoin, Coinsquare, BitMEX, Bitbank, Coinroom, Cryptonex, BTC-Alpha, Allcoin, BitBay, MBAex, InfinityCoin Exchange, DOBI trade, Bibox, BiteBTC, Upbit, Bitlish, Bithumb, Coinbe, LATOKEN, Gate.io, BTCBOX, CoinBene, CPDAX, EXX, LocalTrade, Cryptopia, RightBTC, Bitfinex, Tidex, OEX and CoinEx. Investors seeking to acquire Bitcoin using US dollars directly can do so using Coinbase, GDAX or Changelly.

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