Bitcoin Cash (BCH) Reaches One Day Trading Volume of $215.37 Million

Posted by on Oct 22nd, 2024

Bitcoin Cash (BCH) traded down 1.7% against the US dollar during the twenty-four hour period ending at 14:00 PM E.T. on October 22nd. Bitcoin Cash has a market cap of $7.06 billion and approximately $215.37 million worth of Bitcoin Cash was traded on exchanges in the last day. In the last seven days, Bitcoin Cash has traded 0.5% higher against the US dollar. One Bitcoin Cash coin can now be purchased for $357.05 or 0.00530630 BTC on major exchanges.

Here is how similar cryptocurrencies have performed in the last day:

  • Bitcoin (BTC) traded up 0% against the dollar and now trades at $67,324.25 or 1.00000000 BTC.
  • Arweave (AR) traded 1.1% lower against the dollar and now trades at $18.35 or 0.00027274 BTC.
  • Bitcoin SV (BSV) traded down 2% against the dollar and now trades at $48.00 or 0.00071334 BTC.
  • eCash (XEC) traded down 1.7% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
  • Syscoin (SYS) traded 0.5% lower against the dollar and now trades at $0.10 or 0.00000155 BTC.

Bitcoin Cash Profile

Bitcoin Cash is a proof-of-work (PoW) coin that uses the SHA-256 hashing algorithm. It was first traded on August 1st, 2017. Bitcoin Cash’s total supply is 19,777,772 coins. The Reddit community for Bitcoin Cash is /r/Bitcoincash and the currency’s Github account can be viewed here. Bitcoin Cash’s official message board is bitcointalk.org. Bitcoin Cash’s official website is www.bitcoincash.org. Bitcoin Cash’s official Twitter account is @bitcolncash and its Facebook page is accessible 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 acquire Bitcoin Cash using U.S. dollars directly can do so using GDAX, Coinbase or Gemini.

BCH/USD price chart by TradingView

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