Bitcoin Cash Market Capitalization Hits $9.54 Billion (BCH)

Posted by on Apr 16th, 2024

Bitcoin Cash (BCH) traded down 3.9% against the dollar during the 24 hour period ending at 22:00 PM E.T. on April 16th. During the last seven days, Bitcoin Cash has traded 24.8% lower against the dollar. Bitcoin Cash has a total market capitalization of $9.54 billion and approximately $745.01 million worth of Bitcoin Cash was traded on exchanges in the last 24 hours. One Bitcoin Cash coin can now be purchased for about $484.39 or 0.00756806 BTC on popular exchanges.

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

  • Bitcoin (BTC) traded 1.1% higher against the dollar and now trades at $64,004.50 or 1.00000000 BTC.
  • Arweave (AR) traded 4.9% lower against the dollar and now trades at $24.48 or 0.00038249 BTC.
  • Bitcoin SV (BSV) traded up 0.4% against the dollar and now trades at $66.82 or 0.00104400 BTC.
  • eCash (XEC) traded 0.4% lower against the dollar and now trades at $0.0001 or 0.00000000 BTC.
  • Syscoin (SYS) traded 2.4% lower against the dollar and now trades at $0.22 or 0.00000343 BTC.

About Bitcoin Cash

BCH is a proof-of-work (PoW) coin that uses the SHA-256 hashing algorithm. It launched on August 1st, 2017. Bitcoin Cash’s total supply is 19,692,375 coins. Bitcoin Cash’s official Twitter account is @bitcolncash and its Facebook page is accessible here. The Reddit community for Bitcoin Cash is /r/Bitcoincash and the currency’s Github account can be viewed here. Bitcoin Cash’s official message board is bitcointalk.org. 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 Coinbase, GDAX or Changelly.

BCH/USD price chart by TradingView

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