Bitcoin Cash Reaches Market Capitalization of $8.86 Billion (BCH)

Bitcoin Cash (BCH) traded down 4% against the US dollar during the 24 hour period ending at 20:00 PM ET on May 8th. One Bitcoin Cash coin can now be bought for approximately $449.56 or 0.00732860 BTC on popular cryptocurrency exchanges. Bitcoin Cash has a market cap of $8.86 billion and approximately $340.50 million worth of Bitcoin Cash was traded on exchanges in the last 24 hours. In the last week, Bitcoin Cash has traded up 6.9% against the US dollar.

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

• Bitcoin (BTC) traded down 1.8% against the dollar and now trades at $61,343.41 or 1.00000000 BTC.
• Arweave (AR) traded down 1% against the dollar and now trades at $37.90 or 0.00061790 BTC.
• Bitcoin SV (BSV) traded down 1.8% against the dollar and now trades at $62.15 or 0.00101310 BTC.
• eCash (XEC) traded 2.4% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded down 2% against the dollar and now trades at $0.19 or 0.00000307 BTC.

About Bitcoin Cash

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 19,703,081 coins. Bitcoin Cash’s official website is www.bitcoincash.org. Bitcoin Cash’s official Twitter account is @bitcolncash and its Facebook page is accessible here. Bitcoin Cash’s official message board is bitcointalk.org. 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 trade Bitcoin Cash using US dollars directly can do so using Gemini, Coinbase or GDAX.

BCH/USD price chart by TradingView