Bitcoin Cash Reaches Market Capitalization of $4.11 Billion (BCH)

Bitcoin Cash (BCH) traded down 1% against the U.S. dollar during the 1-day period ending at 9:00 AM E.T. on June 9th. One Bitcoin Cash coin can currently be purchased for $205.01 or 0.00329623 BTC on major exchanges. Bitcoin Cash has a market cap of $4.11 billion and $258.66 million worth of Bitcoin Cash was traded on exchanges in the last day. In the last week, Bitcoin Cash has traded down 28.4% against the U.S. dollar.

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

• Arweave (AR) traded down 3.2% against the dollar and now trades at $1.90 or 0.00003061 BTC.
• Bitcoin (BTC) traded down 2% against the dollar and now trades at $62,196.04 or 1.00000000 BTC.
• Bitcoin SV (BSV) traded down 1.4% against the dollar and now trades at $11.91 or 0.00019156 BTC.
• eCash (XEC) traded down 1.9% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded down 11.8% against the dollar and now trades at $0.0019 or 0.00000003 BTC.

Bitcoin Cash Profile

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 20,045,584 coins. The Reddit community for Bitcoin Cash is /r/Bitcoincash and the currency’s Github account can be viewed here. 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.

According to CryptoCompare, “Bitcoin Cash (BCH) is a hard forked version of the original Bitcoin. It is similar to bitcoin with regards to its protocol; Proof of Work SHA-256 hashing, 21,000,000 supply, same block times and reward system. However two main differences are the the blocksize limits, as of August 2017 Bitcoin has a 1MB blocksize limit whereas BCH proposes 8MB blocks. Bitcoin Cash is a proposal from the viaBTC mining pool and the Bitmain mining group to carry out a UAHF (User Activated Hard Fork) on August 1st 12:20 pm UTC. They rejected the agreed consensus (aka BIP-91 or SegWit2x) and have decided to fork the original Bitcoin blockchain and create this new version called “Bitcoin Cash”. Bitcoin Cash can be claimed by BTC owners who have their private keys or store their Bitcoins on a service that will split BCH for the customer. On November 15, 2020, Bitcoin Cash experienced a scheduled upgrade. Bitcoin Cash developers from various full node projects changed the Difficulty Adjustment Algorithm (DAA) to a new DAA called ‘aserti3-2d‘ (or ‘ASERT’ for short). Blockchain data provided by: Blockchair (Main Source), WhatToMine (Block Time only)Facebook, BitcoinTalk, GitHub, GitLab, Reddit”

Bitcoin Cash Coin Trading

Investors seeking to acquire Bitcoin Cash using US dollars directly can do so using Gemini, Changelly or Coinbase.

BCH/USD price chart by TradingView