Bitcoin Cash (BCH) Market Capitalization Reaches $5.43 Billion

Bitcoin Cash (BCH) traded down 7.1% against the U.S. dollar during the 24-hour period ending at 11:00 AM E.T. on April 7th. One Bitcoin Cash coin can now be purchased for $273.75 or 0.00346558 BTC on popular cryptocurrency exchanges. Bitcoin Cash has a market cap of $5.43 billion and approximately $379.44 million worth of Bitcoin Cash was traded on exchanges in the last day. In the last seven days, Bitcoin Cash has traded down 10% against the U.S. dollar.

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

• Arweave (AR) traded down 5.3% against the dollar and now trades at $5.16 or 0.00006537 BTC.
• Bitcoin (BTC) traded down 4.6% against the dollar and now trades at $78,970.83 or 1.00000000 BTC.
• Bitcoin SV (BSV) traded 7.1% lower against the dollar and now trades at $27.12 or 0.00034327 BTC.
• eCash (XEC) traded down 7.1% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded 0.4% higher against the dollar and now trades at $0.0347 or 0.00000044 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 19,852,753 coins. 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. Bitcoin Cash’s official website is www.bitcoincash.org.

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)”

Bitcoin Cash Coin Trading

Investors seeking to acquire Bitcoin Cash using U.S. dollars directly can do so using Gemini, GDAX or Coinbase.

BCH/USD price chart by TradingView