Bitcoin Cash (BCH) Market Capitalization Hits $7.51 Billion

Bitcoin Cash (BCH) traded up 10.3% against the US dollar during the one day period ending at 18:00 PM E.T. on November 6th. Bitcoin Cash has a total market cap of $7.51 billion and $688.97 million worth of Bitcoin Cash was traded on exchanges in the last day. During the last week, Bitcoin Cash has traded up 2.4% against the US dollar. One Bitcoin Cash coin can now be purchased for $379.47 or 0.00501410 BTC on popular cryptocurrency exchanges.

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

• Bitcoin (BTC) traded up 9% against the dollar and now trades at $75,680.79 or 1.00000000 BTC.
• Arweave (AR) traded up 16.9% against the dollar and now trades at $16.06 or 0.00021218 BTC.
• Bitcoin SV (BSV) traded 9.7% higher against the dollar and now trades at $51.58 or 0.00068149 BTC.
• eCash (XEC) traded 10.1% higher against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded 8.4% higher against the dollar and now trades at $0.0989 or 0.00000131 BTC.

About Bitcoin Cash

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 19,784,747 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 trade Bitcoin Cash using U.S. dollars directly can do so using GDAX, Gemini or Coinbase.

BCH/USD price chart by TradingView