Bitcoin Cash Trading 7% Lower This Week (BCH)

Bitcoin Cash (BCH) traded down 1.7% against the US dollar during the twenty-four hour period ending at 10:00 AM E.T. on January 9th. One Bitcoin Cash coin can now be bought for approximately $428.52 or 0.00457035 BTC on exchanges. Bitcoin Cash has a market capitalization of $8.49 billion and $341.88 million worth of Bitcoin Cash was traded on exchanges in the last 24 hours. In the last seven days, Bitcoin Cash has traded down 7% against the US dollar.

Here is how related cryptocurrencies have performed in the last 24 hours:

• Bitcoin (BTC) traded 1.1% lower against the dollar and now trades at $93,760.49 or 1.00000000 BTC.
• Bitcoin SV (BSV) traded up 0.3% against the dollar and now trades at $52.64 or 0.00056139 BTC.
• Arweave (AR) traded down 1.8% against the dollar and now trades at $15.64 or 0.00016682 BTC.
• eCash (XEC) traded 4.5% higher against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded down 0.3% against the dollar and now trades at $0.11 or 0.00000116 BTC.

About Bitcoin Cash

Bitcoin Cash (CRYPTO: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 19,813,381 coins. 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. 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 trade Bitcoin Cash using US dollars directly can do so using Changelly, Coinbase or GDAX.

BCH/USD price chart by TradingView