Bitcoin Cash Hits Market Capitalization of $8.49 Billion (BCH)

Bitcoin Cash (BCH) traded down 1.7% against the U.S. dollar during the 24-hour period ending at 10:00 AM Eastern on January 9th. Over the last seven days, Bitcoin Cash has traded 7% lower against the U.S. dollar. One Bitcoin Cash coin can currently be purchased for approximately $428.52 or 0.00457035 BTC on major cryptocurrency exchanges. Bitcoin Cash has a market cap of $8.49 billion and approximately $341.88 million worth of Bitcoin Cash was traded on exchanges in the last 24 hours.

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

• Bitcoin (BTC) traded 1.1% lower against the dollar and now trades at $93,760.49 or 1.00000000 BTC.
• Bitcoin SV (BSV) traded 0.3% higher against the dollar and now trades at $52.64 or 0.00056139 BTC.
• Arweave (AR) traded down 1.8% against the dollar and now trades at $15.64 or 0.00016682 BTC.
• eCash (XEC) traded up 4.5% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded 0.3% lower against the dollar and now trades at $0.11 or 0.00000116 BTC.

Bitcoin Cash Profile

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 19,813,381 coins. Bitcoin Cash’s official website is www.bitcoincash.org. 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 Twitter account is @bitcolncash and its Facebook page is accessible here.

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 acquire Bitcoin Cash using U.S. dollars directly can do so using Changelly, Gemini or Coinbase.

BCH/USD price chart by TradingView