Bitcoin Cash Trading Down 0.8% This Week (BCH)

Bitcoin Cash (BCH) traded up 7.4% against the dollar during the 1 day period ending at 11:00 AM Eastern on November 6th. Bitcoin Cash has a total market capitalization of $7.30 billion and approximately $663.06 million worth of Bitcoin Cash was traded on exchanges in the last day. One Bitcoin Cash coin can currently be purchased for approximately $368.88 or 0.00496491 BTC on cryptocurrency exchanges. In the last seven days, Bitcoin Cash has traded 0.8% lower against the dollar.

Here’s how similar cryptocurrencies have performed in the last day:

• Bitcoin (BTC) traded up 5.5% against the dollar and now trades at $74,297.72 or 1.00000000 BTC.
• Arweave (AR) traded up 10.3% against the dollar and now trades at $15.29 or 0.00020577 BTC.
• Bitcoin SV (BSV) traded 6.4% higher against the dollar and now trades at $50.29 or 0.00067683 BTC.
• eCash (XEC) traded 5.9% higher against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded 6.6% higher against the dollar and now trades at $0.0943 or 0.00000127 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 19,784,606 coins. 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 message board is bitcointalk.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 acquire Bitcoin Cash using US dollars directly can do so using GDAX, Coinbase or Gemini.

BCH/USD price chart by TradingView