Bitcoin Cash (BCH) Reaches Market Capitalization of $9.28 Billion

Bitcoin Cash (BCH) traded down 2.3% against the U.S. dollar during the 24 hour period ending at 21:00 PM Eastern on April 25th. Over the last week, Bitcoin Cash has traded 0.1% lower against the U.S. dollar. One Bitcoin Cash coin can now be purchased for about $470.93 or 0.00734367 BTC on popular exchanges. Bitcoin Cash has a total market capitalization of $9.28 billion and approximately $340.50 million worth of Bitcoin Cash was traded on exchanges in the last day.

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

• Bitcoin (BTC) traded down 0.5% against the dollar and now trades at $64,128.02 or 1.00000000 BTC.
• Arweave (AR) traded up 3.3% against the dollar and now trades at $34.37 or 0.00053603 BTC.
• Bitcoin SV (BSV) traded 4.3% lower against the dollar and now trades at $65.60 or 0.00102289 BTC.
• eCash (XEC) traded up 1.1% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Syscoin (SYS) traded up 0.6% against the dollar and now trades at $0.23 or 0.00000357 BTC.

Bitcoin Cash Coin Profile

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 19,697,122 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. The official message board for Bitcoin Cash is bitcointalk.org. Bitcoin Cash’s official website 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.”

Buying and Selling Bitcoin Cash

Investors seeking to acquire Bitcoin Cash using US dollars directly can do so using GDAX, Coinbase or Gemini.

BCH/USD price chart by TradingView