Bitcoin Cash (BCH) Hits Market Cap of $6.94 Billion

Posted by on Oct 26th, 2024

Bitcoin Cash (BCH) traded down 2.7% against the US dollar during the 1 day period ending at 16:00 PM ET on October 26th. Bitcoin Cash has a market cap of $6.94 billion and approximately $256.52 million worth of Bitcoin Cash was traded on exchanges in the last 24 hours. Over the last seven days, Bitcoin Cash has traded down 3.3% against the US dollar. One Bitcoin Cash coin can currently be bought for $351.06 or 0.00522172 BTC on major cryptocurrency exchanges.

Here’s how similar cryptocurrencies have performed over the last 24 hours:

  • Bitcoin (BTC) traded 0.7% higher against the dollar and now trades at $67,230.33 or 1.00000000 BTC.
  • Arweave (AR) traded 8.1% lower against the dollar and now trades at $16.20 or 0.00024089 BTC.
  • Bitcoin SV (BSV) traded 3.5% lower against the dollar and now trades at $45.47 or 0.00067627 BTC.
  • eCash (XEC) traded 1.8% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
  • Syscoin (SYS) traded down 3.3% against the dollar and now trades at $0.0981 or 0.00000146 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 19,779,709 coins. Bitcoin Cash’s official Twitter account is @bitcolncash and its Facebook page is accessible here. 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 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.”

Bitcoin Cash Coin Trading

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

BCH/USD price chart by TradingView

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