Bitcoin Cash (BCH) Market Cap Reaches $6.02 Billion

Posted by on Sep 7th, 2024

Bitcoin Cash (BCH) traded down 2.4% against the dollar during the one day period ending at 9:00 AM Eastern on September 7th. One Bitcoin Cash coin can now be bought for about $304.54 or 0.00557867 BTC on exchanges. Bitcoin Cash has a market cap of $6.02 billion and approximately $209.51 million worth of Bitcoin Cash was traded on exchanges in the last day. In the last seven days, Bitcoin Cash has traded down 6% against the dollar.

Here’s how similar cryptocurrencies have performed in the last day:

  • Bitcoin (BTC) traded down 3.7% against the dollar and now trades at $54,623.72 or 1.00000000 BTC.
  • Arweave (AR) traded down 4.6% against the dollar and now trades at $20.68 or 0.00037886 BTC.
  • Bitcoin SV (BSV) traded down 3.3% against the dollar and now trades at $45.12 or 0.00082648 BTC.
  • eCash (XEC) traded down 2.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
  • Syscoin (SYS) traded 3.1% lower against the dollar and now trades at $0.10 or 0.00000185 BTC.

About Bitcoin Cash

Bitcoin Cash 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 19,757,534 coins. The official website for Bitcoin Cash is www.bitcoincash.org. 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. 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.”

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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