Bitcoin Cash (BCH) Reaches Market Capitalization of $6.73 Billion

Bitcoin Cash (BCH) traded up 0.8% against the US dollar during the 24 hour period ending at 19:00 PM Eastern on August 17th. During the last seven days, Bitcoin Cash has traded down 3.7% against the US dollar. One Bitcoin Cash coin can now be purchased for about $341.03 or 0.00573843 BTC on popular cryptocurrency exchanges. Bitcoin Cash has a total market cap of $6.73 billion and $176.60 million worth of Bitcoin Cash was traded on exchanges in the last day.

Here’s how related cryptocurrencies have performed during the last day:

• Bitcoin (BTC) traded up 0.9% against the dollar and now trades at $59,429.39 or 1.00000000 BTC.
• Arweave (AR) traded down 0.1% against the dollar and now trades at $21.52 or 0.00036206 BTC.
• Bitcoin SV (BSV) traded 0.2% lower against the dollar and now trades at $42.52 or 0.00071554 BTC.
• eCash (XEC) traded 0.7% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded up 12.5% against the dollar and now trades at $0.0816 or 0.00000137 BTC.

Bitcoin Cash Coin Profile

BCH 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 19,748,334 coins. Bitcoin Cash’s official Twitter account is @bitcolncash and its Facebook page is accessible here. 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 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.”

Bitcoin Cash Coin Trading

Investors seeking to acquire Bitcoin Cash using US dollars directly can do so using GDAX, Coinbase or Gemini.

BCH/USD price chart by TradingView