Bitcoin Cash Market Capitalization Hits $9.17 Billion (BCH)

Bitcoin Cash (BCH) traded up 3.8% against the U.S. dollar during the 1-day period ending at 10:00 AM ET on May 4th. One Bitcoin Cash coin can now be bought for $465.40 or 0.00730580 BTC on popular cryptocurrency exchanges. Over the last week, Bitcoin Cash has traded down 2.4% against the U.S. dollar. Bitcoin Cash has a total market cap of $9.17 billion and $389.31 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:

• Bitcoin (BTC) traded up 3.7% against the dollar and now trades at $63,729.51 or 1.00000000 BTC.
• Arweave (AR) traded down 6.7% against the dollar and now trades at $34.20 or 0.00053687 BTC.
• Bitcoin SV (BSV) traded up 4.3% against the dollar and now trades at $65.31 or 0.00102516 BTC.
• eCash (XEC) traded 5.3% higher against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Syscoin (SYS) traded 0.5% higher against the dollar and now trades at $0.20 or 0.00000312 BTC.

Bitcoin Cash Coin Profile

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 19,701,091 coins. Bitcoin Cash’s official website is www.bitcoincash.org. 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 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, Coinbase or GDAX.

BCH/USD price chart by TradingView