Bitcoin Cash (BCH) Market Cap Hits $7.72 Billion

Bitcoin Cash (BCH) traded 3.6% higher against the dollar during the 24 hour period ending at 20:00 PM E.T. on July 27th. One Bitcoin Cash coin can currently be purchased for about $391.06 or 0.00580565 BTC on major exchanges. In the last week, Bitcoin Cash has traded 1% lower against the dollar. Bitcoin Cash has a total market cap of $7.72 billion and approximately $287.64 million worth of Bitcoin Cash was traded on exchanges in the last 24 hours.

Here is how other cryptocurrencies have performed in the last 24 hours:

• Bitcoin (BTC) traded 0.8% lower against the dollar and now trades at $67,359.10 or 1.00000000 BTC.
• Arweave (AR) traded up 0.1% against the dollar and now trades at $31.05 or 0.00046089 BTC.
• Bitcoin SV (BSV) traded 1.9% higher against the dollar and now trades at $45.67 or 0.00067805 BTC.
• eCash (XEC) traded up 10.6% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded 0.6% higher against the dollar and now trades at $0.11 or 0.00000158 BTC.

Bitcoin Cash Profile

Bitcoin Cash 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 19,738,784 coins. The official website for Bitcoin Cash is www.bitcoincash.org. Bitcoin Cash’s official Twitter account is @bitcolncash and its Facebook page is accessible here. Bitcoin Cash’s official message board is bitcointalk.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 GDAX, Gemini or Changelly.

BCH/USD price chart by TradingView