Bitcoin Cash Price Down 5.9% Over Last Week (BCH)

Bitcoin Cash (BCH) traded 0.9% higher against the U.S. dollar during the 24-hour period ending at 9:00 AM ET on June 25th. One Bitcoin Cash coin can now be bought for $194.69 or 0.00318463 BTC on popular cryptocurrency exchanges. Bitcoin Cash has a market capitalization of $3.90 billion and approximately $167.50 million worth of Bitcoin Cash was traded on exchanges in the last 24 hours. During the last seven days, Bitcoin Cash has traded down 5.9% against the U.S. dollar.

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

• Arweave (AR) traded down 5.5% against the dollar and now trades at $1.89 or 0.00003087 BTC.
• Bitcoin (BTC) traded 0.3% lower against the dollar and now trades at $61,134.66 or 1.00000000 BTC.
• Bitcoin SV (BSV) traded down 2.9% against the dollar and now trades at $11.00 or 0.00017998 BTC.
• eCash (XEC) traded down 1.6% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded up 22.3% against the dollar and now trades at $0.0028 or 0.00000005 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 20,052,597 coins. The official website for Bitcoin Cash is www.bitcoincash.org. The official message board for Bitcoin Cash 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 Twitter account is @bitcolncash and its Facebook page is accessible 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”

Buying and Selling Bitcoin Cash

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

BCH/USD price chart by TradingView