Bitcoin (CURRENCY:BTC) traded down 2% against the U.S. dollar during the one day period ending at 1:00 AM E.T. on June 1st. One Bitcoin coin can now be bought for approximately $6,486.47 on major cryptocurrency exchanges including Coinroom, Gate.io, B2BX and CEX.IO. Bitcoin has a market capitalization of $110.89 billion and $3.81 billion worth of Bitcoin was traded on exchanges in the last day. In the last seven days, Bitcoin has traded down 15.3% against the U.S. dollar.

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

  • Bitcoin Cash (BCH) traded 2.5% lower against the dollar and now trades at $853.51 or 0.13211200 BTC.
  • Steem (STEEM) traded down 4.4% against the dollar and now trades at $1.65 or 0.00025613 BTC.
  • Counterparty (XCP) traded down 5.6% against the dollar and now trades at $11.66 or 0.00180454 BTC.
  • Unobtanium (UNO) traded up 8.2% against the dollar and now trades at $151.72 or 0.02348390 BTC.
  • Namecoin (NMC) traded 0.4% higher against the dollar and now trades at $1.45 or 0.00022512 BTC.
  • Crown (CRW) traded 4.6% lower against the dollar and now trades at $0.62 or 0.00009605 BTC.
  • ATBCoin (ATB) traded up 0.4% against the dollar and now trades at $0.11 or 0.00001704 BTC.
  • CHIPS (CHIPS) traded 1.5% lower against the dollar and now trades at $0.16 or 0.00002534 BTC.
  • Terracoin (TRC) traded down 2.9% against the dollar and now trades at $0.0913 or 0.00001413 BTC.
  • UnbreakableCoin (UNB) traded 9.1% lower against the dollar and now trades at $0.36 or 0.00005607 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 17,095,925 coins. 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. Bitcoin’s official Twitter account is @bitcoin and its Facebook page is accessible here. Bitcoin’s official message board is bitcointalk.org.

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. “

Bitcoin Coin Trading

Bitcoin can be traded on the following cryptocurrency exchanges: Bitinka, HitBTC, Negocie Coins, Livecoin, Coinrail, Fisco, Gate.io, Bithumb, CoinTiger, Bibox, Simex, Paribu, B2BX, ZB.COM, Poloniex, Neraex, GOPAX, Huobi, Exrates, Fatbtc, bitFlyer, Kucoin, xBTCe, CoinBene, EXX, LakeBTC, Ethfinex, fex, Iquant, BitBay, Octaex, CEX.IO, BtcTrade.im, BitForex, Bit-Z, Trade By Trade, BTCBOX, Cobinhood, CoinsBank, OEX, TOPBTC, BitMEX, itBit, Exmo, Coinsuper, Omicrex, Coinroom, Hotbit, Lbank, GDAX, CoinEx Market, Bitfinex, Luno, Bitstamp, BCEX, IDAX, Korbit, Upbit, C2CX, Coinhub, Coinone, Bitbank, BTCC, DragonEX, Sistemkoin, Zaif, Tidex, RightBTC, CoinEgg, Binance, OOOBTC, Kraken, OKEx, YoBit, OTCBTC, Gemini, Quoine, Bittrex and WEX. Investors seeking to acquire Bitcoin using U.S. dollars directly can do so using Changelly, Coinbase or GDAX.

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