Bitcoin Cash (BCH) Achieves Market Cap of $6.90 Billion

Bitcoin Cash (BCH) traded 0.2% higher against the US dollar during the 1 day period ending at 23:00 PM E.T. on October 27th. One Bitcoin Cash coin can now be bought for approximately $349.06 or 0.00515513 BTC on major exchanges. Bitcoin Cash has a market cap of $6.90 billion and $162.80 million worth of Bitcoin Cash was traded on exchanges in the last day. During the last week, Bitcoin Cash has traded 5.8% lower against the US dollar.

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

• Bitcoin (BTC) traded up 1.1% against the dollar and now trades at $67,712.81 or 1.00000000 BTC.
• Arweave (AR) traded down 0.6% against the dollar and now trades at $15.88 or 0.00023449 BTC.
• Bitcoin SV (BSV) traded up 1% against the dollar and now trades at $45.81 or 0.00067657 BTC.
• eCash (XEC) traded 1.3% higher against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded 0.6% higher against the dollar and now trades at $0.0986 or 0.00000146 BTC.

Bitcoin Cash Profile

Bitcoin Cash (CRYPTO: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 19,780,275 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 official message board for Bitcoin Cash 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.”

Buying and Selling Bitcoin Cash

Investors seeking to acquire Bitcoin Cash using U.S. dollars directly can do so using Gemini, Changelly or GDAX.

BCH/USD price chart by TradingView