Bitcoin Cash (BCH) Market Cap Hits $8.67 Billion

Bitcoin Cash (BCH) traded down 2.9% against the US dollar during the 1-day period ending at 9:00 AM ET on April 30th. Over the last seven days, Bitcoin Cash has traded down 13.2% against the US dollar. Bitcoin Cash has a market cap of $8.67 billion and approximately $366.55 million worth of Bitcoin Cash was traded on exchanges in the last 24 hours. One Bitcoin Cash coin can now be purchased for about $439.98 or 0.00718897 BTC on major cryptocurrency exchanges.

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

• Bitcoin (BTC) traded down 2.2% against the dollar and now trades at $61,202.73 or 1.00000000 BTC.
• Arweave (AR) traded 4.1% lower against the dollar and now trades at $33.48 or 0.00054701 BTC.
• Bitcoin SV (BSV) traded down 6% against the dollar and now trades at $60.83 or 0.00099398 BTC.
• eCash (XEC) traded down 5.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded 4.7% lower against the dollar and now trades at $0.20 or 0.00000322 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 19,699,209 coins. The Reddit community for Bitcoin Cash is /r/Bitcoincash and the currency’s Github account can be viewed here. Bitcoin Cash’s official message board 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.

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, GDAX or Changelly.

BCH/USD price chart by TradingView