Bitcoin Cash (BCH) Market Cap Achieves $8.31 Billion

Bitcoin Cash (BCH) traded 3.7% lower against the US dollar during the 1 day period ending at 9:00 AM Eastern on May 16th. One Bitcoin Cash coin can currently be bought for approximately $414.57 or 0.00532192 BTC on exchanges. Over the last seven days, Bitcoin Cash has traded down 7.9% against the US dollar. Bitcoin Cash has a market cap of $8.31 billion and $345.66 million worth of Bitcoin Cash was traded on exchanges in the last 24 hours.

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

• Arweave (AR) traded down 6% against the dollar and now trades at $2.12 or 0.00002725 BTC.
• Bitcoin (BTC) traded 2.8% lower against the dollar and now trades at $77,898.61 or 1.00000000 BTC.
• Bitcoin SV (BSV) traded 4.6% lower against the dollar and now trades at $15.59 or 0.00020008 BTC.
• eCash (XEC) traded down 2.7% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded 2.7% higher against the dollar and now trades at $0.0059 or 0.00000008 BTC.

About Bitcoin Cash

Bitcoin Cash (CRYPTO: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 20,035,278 coins. 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 official website for Bitcoin Cash is www.bitcoincash.org. 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 hard forked version of the original Bitcoin. It is similar to bitcoin with regards to its protocol; Proof of Work SHA-256 hashing, 21,000,000 supply, same block times and reward system. However two main differences are the the blocksize limits, as of August 2017 Bitcoin has a 1MB blocksize limit whereas BCH proposes 8MB blocks. Bitcoin Cash is a proposal from the viaBTC mining pool and the Bitmain mining group to carry out a UAHF (User Activated Hard Fork) on August 1st 12:20 pm UTC. They rejected the agreed consensus (aka BIP-91 or SegWit2x) and have decided to fork the original Bitcoin blockchain and create this new version called “Bitcoin Cash”. Bitcoin Cash can be claimed by BTC owners who have their private keys or store their Bitcoins on a service that will split BCH for the customer. On November 15, 2020, Bitcoin Cash experienced a scheduled upgrade. Bitcoin Cash developers from various full node projects changed the Difficulty Adjustment Algorithm (DAA) to a new DAA called ‘aserti3-2d‘ (or ‘ASERT’ for short). Blockchain data provided by: Blockchair (Main Source), WhatToMine (Block Time only)Facebook, BitcoinTalk, GitHub, GitLab, Reddit”

Bitcoin Cash Coin Trading

Investors seeking to trade Bitcoin Cash using U.S. dollars directly can do so using GDAX, Coinbase or Changelly.

BCH/USD price chart by TradingView