Bitcoin Cash Trading Up 8.6% Over Last Week (BCH)

Bitcoin Cash (BCH) traded up 7.3% against the U.S. dollar during the 24-hour period ending at 12:00 PM E.T. on October 29th. Bitcoin Cash has a market cap of $7.65 billion and approximately $429.03 million worth of Bitcoin Cash was traded on exchanges in the last 24 hours. One Bitcoin Cash coin can currently be bought for $386.97 or 0.00534270 BTC on exchanges. Over the last seven days, Bitcoin Cash has traded up 8.6% against the U.S. dollar.

Here is how similar cryptocurrencies have performed over the last 24 hours:

• Bitcoin (BTC) traded up 5.7% against the dollar and now trades at $72,400.13 or 1.00000000 BTC.
• Arweave (AR) traded 8.4% higher against the dollar and now trades at $16.79 or 0.00023176 BTC.
• Bitcoin SV (BSV) traded 4.6% higher against the dollar and now trades at $52.24 or 0.00072120 BTC.
• eCash (XEC) traded 5.6% higher against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded up 3% against the dollar and now trades at $0.10 or 0.00000141 BTC.

Bitcoin Cash Profile

BCH is a proof-of-work (PoW) coin that uses the SHA-256 hashing algorithm. It launched on August 1st, 2017. Bitcoin Cash’s total supply is 19,781,000 coins. Bitcoin Cash’s official message board is bitcointalk.org. Bitcoin Cash’s official Twitter account is @bitcolncash and its Facebook page is accessible here. The official website for Bitcoin Cash 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 acquire Bitcoin Cash using US dollars directly can do so using Changelly, Coinbase or Gemini.

BCH/USD price chart by TradingView