Bitcoin Cash (BCH) Price Hits $342.63

Bitcoin Cash (BCH) traded 1.9% higher against the dollar during the 24-hour period ending at 10:00 AM Eastern on November 5th. One Bitcoin Cash coin can now be bought for $342.63 or 0.00490678 BTC on popular exchanges. Bitcoin Cash has a total market cap of $6.78 billion and $283.49 million worth of Bitcoin Cash was traded on exchanges in the last 24 hours. During the last week, Bitcoin Cash has traded 10.4% lower against the dollar.

Here is how related cryptocurrencies have performed during the last 24 hours:

• Bitcoin (BTC) traded 2.2% higher against the dollar and now trades at $69,828.35 or 1.00000000 BTC.
• Bitcoin SV (BSV) traded 2.9% higher against the dollar and now trades at $47.32 or 0.00067759 BTC.
• Arweave (AR) traded 1.1% higher against the dollar and now trades at $13.87 or 0.00019863 BTC.
• eCash (XEC) traded 1.6% higher against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded up 2% against the dollar and now trades at $0.0870 or 0.00000125 BTC.

Bitcoin Cash Profile

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 19,784,131 coins. The official website for Bitcoin Cash is www.bitcoincash.org. Bitcoin Cash’s official message board is bitcointalk.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.

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 GDAX, Changelly or Gemini.

BCH/USD price chart by TradingView