Bitcoin Cash Price Tops $599.89 (BCH)

Bitcoin Cash (BCH) traded 2.7% lower against the US dollar during the 24-hour period ending at 9:00 AM E.T. on January 16th. Over the last seven days, Bitcoin Cash has traded 4.9% lower against the US dollar. One Bitcoin Cash coin can currently be purchased for about $599.89 or 0.00628165 BTC on major cryptocurrency exchanges. Bitcoin Cash has a market capitalization of $11.99 billion and $873.86 million worth of Bitcoin Cash was traded on exchanges in the last day.

Here is how similar cryptocurrencies have performed over the last day:

• Arweave (AR) traded down 1.2% against the dollar and now trades at $4.00 or 0.00004185 BTC.
• Bitcoin (BTC) traded down 0.6% against the dollar and now trades at $95,498.59 or 1.00000000 BTC.
• Bitcoin SV (BSV) traded 3.7% lower against the dollar and now trades at $19.58 or 0.00020503 BTC.
• eCash (XEC) traded 3% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded down 2.1% against the dollar and now trades at $0.0208 or 0.00000022 BTC.

Bitcoin Cash 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 19,981,594 coins. 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. Bitcoin Cash’s official website is www.bitcoincash.org. Bitcoin Cash’s official Twitter account is @bitcolncash and its Facebook page is accessible here.

According to CryptoCompare, “Bitcoin Cash (BCH) is a hard forked version of the original Bitcoin. It is similar to bitcoin with regards to its protocol; Proof of Work SHA-256 hashing, 21,000,000 supply, same block times and reward system. However two main differences are the the blocksize limits, as of August 2017 Bitcoin has a 1MB blocksize limit whereas BCH proposes 8MB blocks. Bitcoin Cash is a proposal from the viaBTC mining pool and the Bitmain mining group to carry out a UAHF (User Activated Hard Fork) on August 1st 12:20 pm UTC. They rejected the agreed consensus (aka BIP-91 or SegWit2x) and have decided to fork the original Bitcoin blockchain and create this new version called “Bitcoin Cash”. Bitcoin Cash can be claimed by BTC owners who have their private keys or store their Bitcoins on a service that will split BCH for the customer. On November 15, 2020, Bitcoin Cash experienced a scheduled upgrade. Bitcoin Cash developers from various full node projects changed the Difficulty Adjustment Algorithm (DAA) to a new DAA called ‘aserti3-2d‘ (or ‘ASERT’ for short).Blockchain data provided by: Blockchair (Main Source), WhatToMine (Block Time only)”

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