Bitcoin Cash Market Capitalization Achieves $7.18 Billion (BCH)

Bitcoin Cash (BCH) traded 1% lower against the U.S. dollar during the 1 day period ending at 16:00 PM Eastern on October 17th. Bitcoin Cash has a total market capitalization of $7.18 billion and $304.20 million worth of Bitcoin Cash was traded on exchanges in the last 24 hours. During the last week, Bitcoin Cash has traded 12.7% higher against the U.S. dollar. One Bitcoin Cash coin can now be bought for about $363.10 or 0.00541984 BTC on cryptocurrency exchanges.

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

• Bitcoin (BTC) traded 1.3% lower against the dollar and now trades at $66,994.56 or 1.00000000 BTC.
• Arweave (AR) traded down 2.9% against the dollar and now trades at $18.36 or 0.00027407 BTC.
• Bitcoin SV (BSV) traded down 2.2% against the dollar and now trades at $49.80 or 0.00074338 BTC.
• eCash (XEC) traded down 3.7% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded down 3.3% against the dollar and now trades at $0.0994 or 0.00000148 BTC.

Bitcoin Cash Profile

Bitcoin Cash (BCH) 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 19,775,588 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. The Reddit community for Bitcoin Cash is /r/Bitcoincash and the currency’s Github account can be viewed here. The official message board for Bitcoin Cash is bitcointalk.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 Coinbase.

BCH/USD price chart by TradingView