AKIPRESS.COM - The price of Bitcoin (BTC) is $75,042.84 as of November 07 03:00 Bishkek time with a 24-hour trading volume of $76.61B, according to the CoinDesk.

Over the last 24 hours, the price has increased by 0.79%. Bitcoin currently has a circulating supply of 19.78M and a market cap of $1.48T.

Cryptocurrency exchange rate growth was triggered by the presidential election in the U.S.

Bitcoin (BTC) is the world’s first decentralized cryptocurrency – a type of digital asset that uses public-key cryptography to record, sign and send transactions over the Bitcoin blockchain – all done without the oversight of a central authority.

The Bitcoin network (with an upper-case “B”) was launched in January 2009 by an anonymous computer programmer or group of programmers under the pseudonym “Satoshi Nakamoto.” The network is a peer-to-peer electronic payment system that uses a cryptocurrency called bitcoin (lower case “b”) to transfer value over the internet or act as a store of value like gold and silver.

Each bitcoin is made up of 100 million satoshis (the smallest units of bitcoin), making individual bitcoin divisible up to eight decimal places. That means anyone can purchase a fraction of a bitcoin with as little as one U.S. dollar.