Bitcoin Cash (BCH) Hits Market Cap of $8.73 Billion

Bitcoin Cash (BCH) traded up 9.8% against the U.S. dollar during the 24-hour period ending at 13:00 PM E.T. on July 29th. During the last week, Bitcoin Cash has traded 11.5% higher against the U.S. dollar. One Bitcoin Cash coin can now be purchased for $442.05 or 0.00660428 BTC on major cryptocurrency exchanges. Bitcoin Cash has a market capitalization of $8.73 billion and $607.56 million worth of Bitcoin Cash was traded on exchanges in the last 24 hours.

Here’s how similar cryptocurrencies have performed during the last 24 hours:

• Bitcoin (BTC) traded 1.4% lower against the dollar and now trades at $66,967.13 or 1.00000000 BTC.
• Arweave (AR) traded 1.2% higher against the dollar and now trades at $31.02 or 0.00046349 BTC.
• Bitcoin SV (BSV) traded up 14% against the dollar and now trades at $51.09 or 0.00076330 BTC.
• eCash (XEC) traded up 3.7% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded up 1.2% against the dollar and now trades at $0.10 or 0.00000155 BTC.

Bitcoin Cash Profile

Bitcoin Cash (CRYPTO: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 19,739,716 coins. The Reddit community for Bitcoin Cash is /r/Bitcoincash and the currency’s Github account can be viewed here. 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 official website for Bitcoin Cash 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 acquire Bitcoin Cash using US dollars directly can do so using Gemini, GDAX or Coinbase.

BCH/USD price chart by TradingView