Bitcoin Cash Achieves Market Cap of $7.40 Billion (BCH)

Bitcoin Cash (BCH) traded up 2.1% against the US dollar during the 1 day period ending at 22:00 PM Eastern on October 17th. One Bitcoin Cash coin can currently be purchased for approximately $374.37 or 0.00551338 BTC on popular exchanges. Bitcoin Cash has a total market cap of $7.40 billion and $321.00 million worth of Bitcoin Cash was traded on exchanges in the last 24 hours. During the last seven days, Bitcoin Cash has traded 15.8% higher against the US dollar.

Here is how other cryptocurrencies have performed during the last 24 hours:

• Bitcoin (BTC) traded 0.5% higher against the dollar and now trades at $67,887.79 or 1.00000000 BTC.
• Arweave (AR) traded down 0.9% against the dollar and now trades at $18.88 or 0.00027800 BTC.
• Bitcoin SV (BSV) traded 1.3% higher against the dollar and now trades at $51.50 or 0.00075839 BTC.
• eCash (XEC) traded 1.4% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded down 1% against the dollar and now trades at $0.10 or 0.00000150 BTC.

About Bitcoin Cash

Bitcoin Cash (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 19,775,756 coins. The Reddit community for Bitcoin Cash is /r/Bitcoincash and the currency’s Github account can be viewed here. Bitcoin Cash’s official website 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 Coinbase, GDAX or Gemini.

BCH/USD price chart by TradingView