Bitcoin Cash Reaches Market Capitalization of $6.75 Billion (BCH)

Bitcoin Cash (BCH) traded 8.7% lower against the US dollar during the 1-day period ending at 14:00 PM ET on July 4th. Over the last seven days, Bitcoin Cash has traded down 11.2% against the US dollar. Bitcoin Cash has a market cap of $6.75 billion and approximately $303.51 million worth of Bitcoin Cash was traded on exchanges in the last day. One Bitcoin Cash coin can now be bought for approximately $341.99 or 0.00588813 BTC on major cryptocurrency exchanges.

Here is how related cryptocurrencies have performed over the last day:

• Bitcoin (BTC) traded down 3.7% against the dollar and now trades at $58,080.56 or 1.00000000 BTC.
• Arweave (AR) traded 11.1% lower against the dollar and now trades at $23.42 or 0.00040330 BTC.
• Bitcoin SV (BSV) traded 11.2% lower against the dollar and now trades at $37.88 or 0.00065214 BTC.
• eCash (XEC) traded 5.3% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded 9.8% lower against the dollar and now trades at $0.11 or 0.00000183 BTC.

Bitcoin Cash Profile

Bitcoin Cash (CRYPTO:BCH) is a proof-of-work (PoW) coin that uses the SHA-256 hashing algorithm. Its launch date was August 1st, 2017. Bitcoin Cash’s total supply is 19,728,878 coins. 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. 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 trade Bitcoin Cash using U.S. dollars directly can do so using Gemini, GDAX or Changelly.

BCH/USD price chart by TradingView