Bitcoin Cash (BCH) Trading Up 19.3% This Week

Bitcoin Cash (BCH) traded 0.9% lower against the U.S. dollar during the one day period ending at 22:00 PM E.T. on July 16th. Bitcoin Cash has a market cap of $7.78 billion and $404.55 million worth of Bitcoin Cash was traded on exchanges in the last 24 hours. During the last week, Bitcoin Cash has traded 19.3% higher against the U.S. dollar. One Bitcoin Cash coin can currently be bought for approximately $394.10 or 0.00599131 BTC on popular exchanges.

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

• Bitcoin (BTC) traded 1.8% higher against the dollar and now trades at $65,779.56 or 1.00000000 BTC.
• Arweave (AR) traded 11.9% higher against the dollar and now trades at $31.36 or 0.00047682 BTC.
• Bitcoin SV (BSV) traded 4.3% higher against the dollar and now trades at $46.59 or 0.00070834 BTC.
• eCash (XEC) traded 1.2% higher against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded up 0.9% against the dollar and now trades at $0.12 or 0.00000182 BTC.

Bitcoin Cash Profile

BCH is a proof-of-work (PoW) coin that uses the SHA-256 hashing algorithm. It was first traded on August 1st, 2017. Bitcoin Cash’s total supply is 19,733,866 coins. 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. 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.”

Bitcoin Cash Coin Trading

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

BCH/USD price chart by TradingView