Bitcoin Cash (BCH) Trading 26.5% Lower Over Last 7 Days

Bitcoin Cash (BCH) traded 3.2% lower against the US dollar during the 24-hour period ending at 13:00 PM E.T. on August 7th. One Bitcoin Cash coin can currently be purchased for about $313.62 or 0.00558584 BTC on popular exchanges. During the last week, Bitcoin Cash has traded 26.5% lower against the US dollar. Bitcoin Cash has a total market capitalization of $6.19 billion and $271.57 million worth of Bitcoin Cash was traded on exchanges in the last day.

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

• Bitcoin (BTC) traded 1.1% lower against the dollar and now trades at $56,144.91 or 1.00000000 BTC.
• Arweave (AR) traded 5.7% lower against the dollar and now trades at $19.88 or 0.00035414 BTC.
• Bitcoin SV (BSV) traded up 3.6% against the dollar and now trades at $39.13 or 0.00069702 BTC.
• eCash (XEC) traded down 1.8% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded down 3.4% against the dollar and now trades at $0.0689 or 0.00000123 BTC.

About Bitcoin Cash

BCH 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 19,743,703 coins. Bitcoin Cash’s official website is www.bitcoincash.org. 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. The official message board for Bitcoin Cash is bitcointalk.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 trade Bitcoin Cash using U.S. dollars directly can do so using Coinbase, Gemini or Changelly.

BCH/USD price chart by TradingView