Bitcoin Cash (BCH) Market Cap Reaches $4.52 Billion

Bitcoin Cash (BCH) traded 3.4% higher against the dollar during the 24-hour period ending at 8:00 AM E.T. on July 3rd. Bitcoin Cash has a market capitalization of $4.52 billion and approximately $174.99 million worth of Bitcoin Cash was traded on exchanges in the last 24 hours. One Bitcoin Cash coin can currently be purchased for $225.14 or 0.00363790 BTC on major exchanges. In the last week, Bitcoin Cash has traded up 16.7% against the dollar.

Here’s how related cryptocurrencies have performed in the last 24 hours:

• Arweave (AR) traded up 0.3% against the dollar and now trades at $2.01 or 0.00003244 BTC.
• Bitcoin (BTC) traded 0.7% higher against the dollar and now trades at $61,887.55 or 1.00000000 BTC.
• Bitcoin SV (BSV) traded up 0.1% against the dollar and now trades at $14.20 or 0.00022944 BTC.
• eCash (XEC) traded 1.5% higher against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded 16.9% lower against the dollar and now trades at $0.0030 or 0.00000005 BTC.

About Bitcoin Cash

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 20,056,316 coins. Bitcoin Cash’s official Twitter account is @bitcolncash and its Facebook page is accessible here. Bitcoin Cash’s official message board is bitcointalk.org. The official website for Bitcoin Cash 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 hard forked version of the original Bitcoin. It is similar to bitcoin with regards to its protocol; Proof of Work SHA-256 hashing, 21,000,000 supply, same block times and reward system. However two main differences are the the blocksize limits, as of August 2017 Bitcoin has a 1MB blocksize limit whereas BCH proposes 8MB blocks. Bitcoin Cash is a proposal from the viaBTC mining pool and the Bitmain mining group to carry out a UAHF (User Activated Hard Fork) on August 1st 12:20 pm UTC. They rejected the agreed consensus (aka BIP-91 or SegWit2x) and have decided to fork the original Bitcoin blockchain and create this new version called “Bitcoin Cash”. Bitcoin Cash can be claimed by BTC owners who have their private keys or store their Bitcoins on a service that will split BCH for the customer. On November 15, 2020, Bitcoin Cash experienced a scheduled upgrade. Bitcoin Cash developers from various full node projects changed the Difficulty Adjustment Algorithm (DAA) to a new DAA called ‘aserti3-2d‘ (or ‘ASERT’ for short). Blockchain data provided by: Blockchair (Main Source), WhatToMine (Block Time only)Facebook, BitcoinTalk, GitHub, GitLab, Reddit”

Buying and Selling Bitcoin Cash

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

BCH/USD price chart by TradingView