Bitcoin Cash Hits 24 Hour Trading Volume of $117.17 Million (BCH)

Bitcoin Cash (BCH) traded 1.4% lower against the US dollar during the twenty-four hour period ending at 9:00 AM Eastern on July 11th. Bitcoin Cash has a market capitalization of $4.97 billion and approximately $117.17 million worth of Bitcoin Cash was traded on exchanges in the last day. One Bitcoin Cash coin can now be purchased for about $247.67 or 0.00385947 BTC on popular cryptocurrency exchanges. In the last week, Bitcoin Cash has traded up 9.5% against the US dollar.

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

• Arweave (AR) traded 0.5% higher against the dollar and now trades at $2.00 or 0.00003117 BTC.
• Bitcoin (BTC) traded 0.4% lower against the dollar and now trades at $64,172.14 or 1.00000000 BTC.
• Bitcoin SV (BSV) traded 0.3% higher against the dollar and now trades at $13.61 or 0.00021213 BTC.
• eCash (XEC) traded up 1% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded 2.6% lower against the dollar and now trades at $0.0024 or 0.00000004 BTC.

About Bitcoin Cash

BCH is a proof-of-work (PoW) coin that uses the SHA-256 hashing algorithm. Its launch date was August 1st, 2017. Bitcoin Cash’s total supply is 20,059,991 coins. 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. Bitcoin Cash’s official Twitter account is @bitcolncash and its Facebook page is accessible here. 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 US dollars directly can do so using Coinbase, Gemini or Changelly.

BCH/USD price chart by TradingView