Bitcoin Cash (BCH) Market Cap Reaches $7.30 Billion

Posted by on Nov 6th, 2024

Bitcoin Cash (BCH) traded 7.4% higher against the U.S. dollar during the 1 day period ending at 11:00 AM ET on November 6th. During the last week, Bitcoin Cash has traded down 0.8% against the U.S. dollar. One Bitcoin Cash coin can now be purchased for approximately $368.88 or 0.00496491 BTC on major cryptocurrency exchanges. Bitcoin Cash has a market cap of $7.30 billion and $663.06 million worth of Bitcoin Cash was traded on exchanges in the last day.

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

  • Bitcoin (BTC) traded 5.5% higher against the dollar and now trades at $74,297.72 or 1.00000000 BTC.
  • Arweave (AR) traded up 10.3% against the dollar and now trades at $15.29 or 0.00020577 BTC.
  • Bitcoin SV (BSV) traded 6.4% higher against the dollar and now trades at $50.29 or 0.00067683 BTC.
  • eCash (XEC) traded up 5.9% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
  • Syscoin (SYS) traded up 6.6% against the dollar and now trades at $0.0943 or 0.00000127 BTC.

Bitcoin Cash Coin Profile

Bitcoin Cash 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 19,784,606 coins. 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. Bitcoin Cash’s official website is www.bitcoincash.org. The official message board for Bitcoin Cash is bitcointalk.org.

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 trade Bitcoin Cash using US dollars directly can do so using Coinbase, Gemini or GDAX.

BCH/USD price chart by TradingView

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