Bitcoin Cash (BCH) Market Cap Tops $5.30 Billion

Bitcoin Cash (BCH) traded 1.6% lower against the US dollar during the one day period ending at 9:00 AM E.T. on August 28th. One Bitcoin Cash coin can currently be purchased for about $263.75 or 0.00331995 BTC on major cryptocurrency exchanges. Bitcoin Cash has a market cap of $5.30 billion and approximately $130.23 million worth of Bitcoin Cash was traded on exchanges in the last day. During the last week, Bitcoin Cash has traded 0.1% lower against the US dollar.

Here is how similar cryptocurrencies have performed during the last day:

• Arweave (AR) traded down 2.7% against the dollar and now trades at $2.12 or 0.00002673 BTC.
• Bitcoin (BTC) traded up 0.2% against the dollar and now trades at $79,445.26 or 1.00000000 BTC.
• Bitcoin SV (BSV) traded 0.8% lower against the dollar and now trades at $16.80 or 0.00021145 BTC.
• eCash (XEC) traded 1.8% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded 0.3% higher against the dollar and now trades at $0.0020 or 0.00000002 BTC.

About Bitcoin Cash

Bitcoin Cash (BCH) is a proof-of-work (PoW) coin that uses the SHA-256 hashing algorithm. Its genesis date was August 1st, 2017. Bitcoin Cash’s total supply is 20,081,412 coins. 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. 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 US dollars directly can do so using Changelly, GDAX or Gemini.

BCH/USD price chart by TradingView