Bitcoin Cash (BCH) Reaches Market Cap of $7.36 Billion

Bitcoin Cash (BCH) traded 3.6% lower against the dollar during the twenty-four hour period ending at 13:00 PM E.T. on October 30th. One Bitcoin Cash coin can now be purchased for about $372.22 or 0.00515782 BTC on popular exchanges. In the last seven days, Bitcoin Cash has traded 8.1% higher against the dollar. Bitcoin Cash has a total market cap of $7.36 billion and $388.40 million worth of Bitcoin Cash was traded on exchanges in the last day.

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

• Bitcoin (BTC) traded 1.3% lower against the dollar and now trades at $72,167.12 or 1.00000000 BTC.
• Arweave (AR) traded 3% lower against the dollar and now trades at $16.63 or 0.00023048 BTC.
• Bitcoin SV (BSV) traded down 3.9% against the dollar and now trades at $50.72 or 0.00070285 BTC.
• eCash (XEC) traded 3.2% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded 0.2% lower against the dollar and now trades at $0.10 or 0.00000144 BTC.

Bitcoin Cash Coin Profile

BCH is a proof-of-work (PoW) coin that uses the SHA-256 hashing algorithm. Its launch date was August 1st, 2017. Bitcoin Cash’s total supply is 19,781,416 coins. Bitcoin Cash’s official Twitter account is @bitcolncash and its Facebook page is accessible here. The Reddit community for Bitcoin Cash is /r/Bitcoincash and the currency’s Github account can be viewed here. Bitcoin Cash’s official website is www.bitcoincash.org. Bitcoin Cash’s official message board is bitcointalk.org.

According to CryptoCompare, “Bitcoin Cash (BCH) is a decentralized cryptocurrency created in 2017 through a hard fork of the Bitcoin blockchain. It has a larger block size than Bitcoin, allowing for faster and cheaper transactions. Bitcoin Cash can be used as a means of exchange and store of value and is gaining acceptance among merchants and businesses worldwide. It was created by a group of developers and miners who believed that Bitcoin needed modifications to address scalability issues. The main developer team was initially called “Bitcoin ABC,” but development has since become more decentralized.”

Buying and Selling Bitcoin Cash

Investors seeking to trade Bitcoin Cash using US dollars directly can do so using Gemini, Coinbase or GDAX.

BCH/USD price chart by TradingView