Bitcoin Cash (BCH) Hits Market Capitalization of $5.01 Billion

Bitcoin Cash (BCH) traded 0.8% lower against the dollar during the twenty-four hour period ending at 9:00 AM Eastern on September 5th. During the last week, Bitcoin Cash has traded up 2.2% against the dollar. One Bitcoin Cash coin can now be bought for about $249.46 or 0.00312980 BTC on major exchanges. Bitcoin Cash has a total market capitalization of $5.01 billion and $139.59 million worth of Bitcoin Cash was traded on exchanges in the last day.

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

• Arweave (AR) traded up 13% against the dollar and now trades at $2.86 or 0.00003584 BTC.
• Bitcoin (BTC) traded up 0.2% against the dollar and now trades at $79,705.96 or 1.00000000 BTC.
• Bitcoin SV (BSV) traded up 3.6% against the dollar and now trades at $16.91 or 0.00021220 BTC.
• eCash (XEC) traded 2.7% higher against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded 3.3% higher against the dollar and now trades at $0.0020 or 0.00000003 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 20,084,953 coins. 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. Bitcoin Cash’s official Twitter account is @bitcolncash and its Facebook page is accessible here. Bitcoin Cash’s official message board is bitcointalk.org.

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 trade Bitcoin Cash using U.S. dollars directly can do so using Gemini, Coinbase or Changelly.

BCH/USD price chart by TradingView