Bitcoin Cash (BCH) Trading 6.3% Higher This Week

Posted by on Oct 30th, 2024

Bitcoin Cash (BCH) traded down 4% against the dollar during the 1-day period ending at 20:00 PM E.T. on October 30th. One Bitcoin Cash coin can currently be bought for about $369.83 or 0.00511274 BTC on exchanges. Over the last week, Bitcoin Cash has traded up 6.3% against the dollar. Bitcoin Cash has a total market capitalization of $7.32 billion and $359.63 million worth of Bitcoin Cash was traded on exchanges in the last day.

Here’s how related cryptocurrencies have performed over the last day:

  • Bitcoin (BTC) traded down 0.5% against the dollar and now trades at $72,335.04 or 1.00000000 BTC.
  • Arweave (AR) traded 1.6% lower against the dollar and now trades at $16.64 or 0.00023003 BTC.
  • Bitcoin SV (BSV) traded 3% lower against the dollar and now trades at $50.66 or 0.00070033 BTC.
  • eCash (XEC) traded down 3.9% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
  • Syscoin (SYS) traded down 0.6% against the dollar and now trades at $0.10 or 0.00000142 BTC.

About Bitcoin Cash

BCH is a proof-of-work (PoW) coin that uses the SHA-256 hashing algorithm. Its launch date was August 1st, 2017. Bitcoin Cash’s total supply is 19,781,559 coins. The official message board for Bitcoin Cash is bitcointalk.org. 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 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 trade Bitcoin Cash using US dollars directly can do so using GDAX, Coinbase or Gemini.

BCH/USD price chart by TradingView

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