Bitcoin Cash (BCH) Market Cap Reaches $8.85 Billion

Posted by on Dec 28th, 2024

Bitcoin Cash (BCH) traded 0.4% higher against the dollar during the twenty-four hour period ending at 10:00 AM Eastern on December 28th. During the last week, Bitcoin Cash has traded 1.7% lower against the dollar. Bitcoin Cash has a total market capitalization of $8.85 billion and $249.46 million worth of Bitcoin Cash was traded on exchanges in the last day. One Bitcoin Cash coin can now be purchased for $446.65 or 0.00472176 BTC on major exchanges.

Here is how related cryptocurrencies have performed during the last day:

  • Bitcoin (BTC) traded down 0% against the dollar and now trades at $94,574.43 or 1.00000000 BTC.
  • Arweave (AR) traded 3.5% higher against the dollar and now trades at $17.18 or 0.00018164 BTC.
  • Bitcoin SV (BSV) traded up 1.9% against the dollar and now trades at $53.77 or 0.00056838 BTC.
  • eCash (XEC) traded up 3.6% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
  • Syscoin (SYS) traded up 6% against the dollar and now trades at $0.12 or 0.00000125 BTC.

About Bitcoin Cash

Bitcoin Cash is a proof-of-work (PoW) coin that uses the SHA-256 hashing algorithm. It was first traded on August 1st, 2017. Bitcoin Cash’s total supply is 19,808,000 coins. 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. 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.

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 trade Bitcoin Cash using US dollars directly can do so using GDAX, Changelly or Coinbase.

BCH/USD price chart by TradingView

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