Bitcoin Cash (BCH) Market Cap Achieves $7.23 Billion

Posted by on Oct 21st, 2024

Bitcoin Cash (BCH) traded 0.9% lower against the U.S. dollar during the 24-hour period ending at 19:00 PM E.T. on October 21st. One Bitcoin Cash coin can currently be purchased for about $365.61 or 0.00539945 BTC on exchanges. Bitcoin Cash has a market capitalization of $7.23 billion and $267.64 million worth of Bitcoin Cash was traded on exchanges in the last day. Over the last week, Bitcoin Cash has traded up 0.8% against the U.S. dollar.

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

  • Bitcoin (BTC) traded 2.2% lower against the dollar and now trades at $67,712.41 or 1.00000000 BTC.
  • Arweave (AR) traded down 4.7% against the dollar and now trades at $18.67 or 0.00027570 BTC.
  • Bitcoin SV (BSV) traded down 3.5% against the dollar and now trades at $49.40 or 0.00072962 BTC.
  • eCash (XEC) traded down 2.9% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
  • Syscoin (SYS) traded 2% lower against the dollar and now trades at $0.10 or 0.00000155 BTC.

Bitcoin Cash Coin 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 19,777,500 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 Twitter account is @bitcolncash and its Facebook page is accessible here. The official website for Bitcoin Cash 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 US dollars directly can do so using Changelly, GDAX or Gemini.

BCH/USD price chart by TradingView

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