Bitcoin Cash Reaches Market Capitalization of $5.68 Billion (BCH)

Bitcoin Cash (BCH) traded 6.7% lower against the dollar during the twenty-four hour period ending at 8:00 AM E.T. on June 1st. Over the last seven days, Bitcoin Cash has traded 18.8% lower against the dollar. One Bitcoin Cash coin can now be purchased for about $283.59 or 0.00393312 BTC on major cryptocurrency exchanges. Bitcoin Cash has a total market cap of $5.68 billion and approximately $217.30 million worth of Bitcoin Cash was traded on exchanges in the last 24 hours.

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

• Arweave (AR) traded down 0.2% against the dollar and now trades at $2.24 or 0.00003103 BTC.
• Bitcoin (BTC) traded 2.3% lower against the dollar and now trades at $72,102.51 or 1.00000000 BTC.
• Bitcoin SV (BSV) traded down 1.9% against the dollar and now trades at $13.73 or 0.00019040 BTC.
• eCash (XEC) traded 1.8% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded down 11.1% against the dollar and now trades at $0.0027 or 0.00000004 BTC.

Bitcoin Cash Coin 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 20,042,112 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. 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.

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 Changelly, Gemini or GDAX.

BCH/USD price chart by TradingView