Bitcoin Cash Market Cap Hits $6.42 Billion (BCH)

Bitcoin Cash (BCH) traded up 0.8% against the dollar during the twenty-four hour period ending at 10:00 AM Eastern on October 11th. Bitcoin Cash has a market capitalization of $6.42 billion and approximately $162.15 million worth of Bitcoin Cash was traded on exchanges in the last day. One Bitcoin Cash coin can now be purchased for about $324.45 or 0.00525792 BTC on popular cryptocurrency exchanges. Over the last week, Bitcoin Cash has traded 0.7% higher against the dollar.

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

• Bitcoin (BTC) traded 1.2% higher against the dollar and now trades at $61,668.00 or 1.00000000 BTC.
• Arweave (AR) traded 5.5% higher against the dollar and now trades at $18.90 or 0.00030629 BTC.
• Bitcoin SV (BSV) traded 3.3% higher against the dollar and now trades at $45.23 or 0.00073297 BTC.
• eCash (XEC) traded 3.2% higher against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded 5.2% higher against the dollar and now trades at $0.10 or 0.00000166 BTC.

About Bitcoin Cash

Bitcoin Cash 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 19,772,781 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. The official website for Bitcoin Cash is www.bitcoincash.org. Bitcoin Cash’s official message board 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 U.S. dollars directly can do so using Changelly, Gemini or GDAX.

BCH/USD price chart by TradingView