Bitcoin Cash Hits Market Cap of $7.23 Billion (BCH)

Bitcoin Cash (BCH) traded 0.5% lower against the dollar during the 24-hour period ending at 17:00 PM Eastern on October 18th. One Bitcoin Cash coin can now be purchased for approximately $365.60 or 0.00534330 BTC on exchanges. Bitcoin Cash has a total market cap of $7.23 billion and $324.76 million worth of Bitcoin Cash was traded on exchanges in the last day. Over the last seven days, Bitcoin Cash has traded 11.3% higher against the dollar.

Here’s how other cryptocurrencies have performed over the last day:

• Bitcoin (BTC) traded up 2.1% against the dollar and now trades at $68,422.57 or 1.00000000 BTC.
• Arweave (AR) traded up 2.2% against the dollar and now trades at $18.88 or 0.00027597 BTC.
• Bitcoin SV (BSV) traded 2.6% higher against the dollar and now trades at $51.33 or 0.00075022 BTC.
• eCash (XEC) traded 1.3% higher against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded up 0.7% against the dollar and now trades at $0.10 or 0.00000147 BTC.

About Bitcoin Cash

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 19,776,088 coins. Bitcoin Cash’s official website is www.bitcoincash.org. 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. 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.”

Bitcoin Cash Coin Trading

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

BCH/USD price chart by TradingView