Bitcoin Cash Market Cap Achieves $6.30 Billion (BCH)

Bitcoin Cash (BCH) traded 2% higher against the U.S. dollar during the twenty-four hour period ending at 21:00 PM Eastern on August 7th. Over the last seven days, Bitcoin Cash has traded down 22.9% against the U.S. dollar. Bitcoin Cash has a market capitalization of $6.30 billion and approximately $280.65 million worth of Bitcoin Cash was traded on exchanges in the last 24 hours. One Bitcoin Cash coin can currently be bought for approximately $319.07 or 0.00571912 BTC on exchanges.

Here’s how other cryptocurrencies have performed over the last 24 hours:

• Bitcoin (BTC) traded 0.5% lower against the dollar and now trades at $55,790.18 or 1.00000000 BTC.
• Arweave (AR) traded down 2% against the dollar and now trades at $19.89 or 0.00035647 BTC.
• Bitcoin SV (BSV) traded up 4.3% against the dollar and now trades at $38.84 or 0.00069624 BTC.
• eCash (XEC) traded up 0.9% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded down 1.6% against the dollar and now trades at $0.0703 or 0.00000126 BTC.

Bitcoin Cash Profile

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 19,743,881 coins. Bitcoin Cash’s official Twitter account is @bitcolncash and its Facebook page is accessible here. The official message board for Bitcoin Cash 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.

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 Changelly, GDAX or Gemini.

BCH/USD price chart by TradingView