Bitcoin Cash Trading Down 2.9% Over Last Week (BCH)

Bitcoin Cash (BCH) traded up 0.6% against the dollar during the 24-hour period ending at 15:00 PM ET on May 5th. Bitcoin Cash has a total market cap of $9.22 billion and approximately $238.81 million worth of Bitcoin Cash was traded on exchanges in the last day. One Bitcoin Cash coin can currently be purchased for about $467.92 or 0.00731428 BTC on major cryptocurrency exchanges. Over the last week, Bitcoin Cash has traded 2.9% lower against the dollar.

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

• Bitcoin (BTC) traded 0% lower against the dollar and now trades at $63,973.83 or 1.00000000 BTC.
• Arweave (AR) traded up 12.9% against the dollar and now trades at $40.24 or 0.00062905 BTC.
• Bitcoin SV (BSV) traded 1% lower against the dollar and now trades at $64.73 or 0.00101184 BTC.
• eCash (XEC) traded 1.5% lower against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Syscoin (SYS) traded 0.6% higher against the dollar and now trades at $0.20 or 0.00000314 BTC.

About Bitcoin Cash

Bitcoin Cash (BCH) is a proof-of-work (PoW) coin that uses the SHA-256 hashing algorithm. Its genesis date was August 1st, 2017. Bitcoin Cash’s total supply is 19,701,581 coins. Bitcoin Cash’s official message board is bitcointalk.org. Bitcoin Cash’s official website is www.bitcoincash.org. 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.

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 acquire Bitcoin Cash using US dollars directly can do so using Coinbase, Gemini or Changelly.

BCH/USD price chart by TradingView