Bitcoin Cash (BCH) One Day Trading Volume Hits $251.57 Million

Bitcoin Cash (BCH) traded up 1.9% against the dollar during the 24-hour period ending at 16:00 PM Eastern on August 12th. Bitcoin Cash has a market capitalization of $6.72 billion and approximately $251.57 million worth of Bitcoin Cash was traded on exchanges in the last day. Over the last week, Bitcoin Cash has traded up 10.7% against the dollar. One Bitcoin Cash coin can now be purchased for approximately $340.39 or 0.00575501 BTC on major exchanges.

Here is how other cryptocurrencies have performed over the last day:

• Bitcoin (BTC) traded down 0.8% against the dollar and now trades at $59,147.08 or 1.00000000 BTC.
• Arweave (AR) traded 3.5% higher against the dollar and now trades at $20.86 or 0.00035262 BTC.
• Bitcoin SV (BSV) traded 3.9% higher against the dollar and now trades at $41.63 or 0.00070389 BTC.
• eCash (XEC) traded up 2.6% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded up 5.2% against the dollar and now trades at $0.0778 or 0.00000132 BTC.

Bitcoin Cash Coin 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 19,746,072 coins. 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. The official message board for Bitcoin Cash is bitcointalk.org. Bitcoin Cash’s official Twitter account is @bitcolncash and its Facebook page is accessible 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 U.S. dollars directly can do so using Gemini, GDAX or Changelly.

BCH/USD price chart by TradingView