Bitcoin Cash Trading Down 5.7% This Week (BCH)

Bitcoin Cash (BCH) traded 5.3% lower against the dollar during the 24 hour period ending at 14:00 PM ET on May 10th. In the last seven days, Bitcoin Cash has traded down 5.7% against the dollar. Bitcoin Cash has a market cap of $8.34 billion and approximately $287.59 million worth of Bitcoin Cash was traded on exchanges in the last day. One Bitcoin Cash coin can now be purchased for $423.21 or 0.00700236 BTC on major exchanges.

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

• Bitcoin (BTC) traded 3.1% lower against the dollar and now trades at $60,325.18 or 1.00000000 BTC.
• Arweave (AR) traded 0.1% higher against the dollar and now trades at $41.06 or 0.00067942 BTC.
• Bitcoin SV (BSV) traded 1.9% lower against the dollar and now trades at $62.35 or 0.00103159 BTC.
• eCash (XEC) traded down 3.6% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded 0.5% lower against the dollar and now trades at $0.19 or 0.00000309 BTC.

Bitcoin Cash Coin Profile

Bitcoin Cash 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 19,703,750 coins. The official message board for Bitcoin Cash is bitcointalk.org. Bitcoin Cash’s official Twitter account is @bitcolncash and its Facebook page is accessible here. Bitcoin Cash’s official website is www.bitcoincash.org. 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 trade Bitcoin Cash using U.S. dollars directly can do so using Changelly, Gemini or GDAX.

BCH/USD price chart by TradingView