Bitcoin Cash Reaches Market Capitalization of $9.61 Billion (BCH)

Bitcoin Cash (BCH) traded 4.4% higher against the US dollar during the one day period ending at 11:00 AM ET on January 17th. Over the last seven days, Bitcoin Cash has traded up 10.4% against the US dollar. One Bitcoin Cash coin can currently be purchased for approximately $485.16 or 0.00463291 BTC on popular cryptocurrency exchanges. Bitcoin Cash has a market cap of $9.61 billion and $550.78 million worth of Bitcoin Cash was traded on exchanges in the last day.

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

• Bitcoin (BTC) traded 5.4% higher against the dollar and now trades at $104,720.39 or 1.00000000 BTC.
• Arweave (AR) traded 1.7% higher against the dollar and now trades at $17.77 or 0.00016970 BTC.
• Bitcoin SV (BSV) traded up 2.7% against the dollar and now trades at $58.76 or 0.00056113 BTC.
• eCash (XEC) traded 1.6% higher against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded 7.2% higher against the dollar and now trades at $0.12 or 0.00000112 BTC.

Bitcoin Cash Profile

Bitcoin Cash 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 19,817,050 coins. 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. Bitcoin Cash’s official message board is bitcointalk.org. Bitcoin Cash’s official website is www.bitcoincash.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 Changelly, GDAX or Gemini.

BCH/USD price chart by TradingView