Bitcoin Cash Hits Market Cap of $3.96 Billion (BCH)

Bitcoin Cash (BCH) traded 2.6% higher against the dollar during the one day period ending at 9:00 AM Eastern on June 29th. One Bitcoin Cash coin can now be bought for about $197.44 or 0.00328559 BTC on popular cryptocurrency exchanges. Bitcoin Cash has a market capitalization of $3.96 billion and $97.54 million worth of Bitcoin Cash was traded on exchanges in the last 24 hours. In the last seven days, Bitcoin Cash has traded down 2.2% against the dollar.

Here’s how other cryptocurrencies have performed in the last 24 hours:

Get Bitcoin Cash alerts:

• Arweave (AR) traded 8.6% higher against the dollar and now trades at $1.99 or 0.00003317 BTC.
• Bitcoin (BTC) traded 0.2% higher against the dollar and now trades at $60,091.82 or 1.00000000 BTC.
• Bitcoin SV (BSV) traded up 1.2% against the dollar and now trades at $12.58 or 0.00020928 BTC.
• eCash (XEC) traded down 0.7% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded down 2.2% against the dollar and now trades at $0.0026 or 0.00000004 BTC.

About Bitcoin Cash

BCH 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 20,054,462 coins. Bitcoin Cash’s official website 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. The official message board for Bitcoin Cash 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 US dollars directly can do so using Gemini, GDAX or Coinbase.

Receive News & Updates for Bitcoin Cash Daily - Enter your email address below to receive a concise daily summary of the latest news and updates for Bitcoin Cash and related cryptocurrencies with MarketBeat.com's FREE CryptoBeat newsletter.