Bitcoin Cash Reaches Market Cap of $6.99 Billion (BCH)

by · The Markets Daily

Bitcoin Cash (BCH) traded down 4.1% against the U.S. dollar during the 1-day period ending at 21:00 PM ET on October 31st. Bitcoin Cash has a total market cap of $6.99 billion and approximately $380.87 million worth of Bitcoin Cash was traded on exchanges in the last day. Over the last seven days, Bitcoin Cash has traded 3.1% lower against the U.S. dollar. One Bitcoin Cash coin can now be purchased for $353.29 or 0.00505705 BTC on major exchanges.

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

  • Bitcoin (BTC) traded 3.3% lower against the dollar and now trades at $69,861.36 or 1.00000000 BTC.
  • Arweave (AR) traded 6.6% lower against the dollar and now trades at $15.38 or 0.00022019 BTC.
  • Bitcoin SV (BSV) traded up 0.9% against the dollar and now trades at $50.88 or 0.00072827 BTC.
  • eCash (XEC) traded down 1.6% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
  • Syscoin (SYS) traded down 4.9% against the dollar and now trades at $0.0971 or 0.00000139 BTC.

Bitcoin Cash Profile

Bitcoin Cash is a proof-of-work (PoW) coin that uses the SHA-256 hashing algorithm. Its launch date was August 1st, 2017. Bitcoin Cash’s total supply is 19,782,022 coins. Bitcoin Cash’s official Twitter account is @bitcolncash and its Facebook page is accessible here. 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. The official website for Bitcoin Cash is www.bitcoincash.org.

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.”

Bitcoin Cash Coin Trading

Investors seeking to acquire Bitcoin Cash using US dollars directly can do so using Coinbase, Gemini or Changelly.

BCH/USD price chart by TradingView