Bitcoin Cash Hits One Day Volume of $310.64 Million (BCH)

Bitcoin Cash (BCH) traded 2.7% higher against the U.S. dollar during the one day period ending at 13:00 PM E.T. on May 6th. One Bitcoin Cash coin can now be bought for approximately $482.29 or 0.00761708 BTC on major cryptocurrency exchanges. Bitcoin Cash has a total market capitalization of $9.50 billion and $310.64 million worth of Bitcoin Cash was traded on exchanges in the last 24 hours. During the last seven days, Bitcoin Cash has traded 4.6% higher against the U.S. dollar.

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

• Bitcoin (BTC) traded 1.6% lower against the dollar and now trades at $63,316.95 or 1.00000000 BTC.
• Arweave (AR) traded down 3.1% against the dollar and now trades at $39.90 or 0.00063020 BTC.
• Bitcoin SV (BSV) traded down 0.9% against the dollar and now trades at $64.72 or 0.00102214 BTC.
• eCash (XEC) traded down 2.5% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded down 0.9% against the dollar and now trades at $0.20 or 0.00000316 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 19,702,044 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. The official message board for Bitcoin Cash is bitcointalk.org. Bitcoin Cash’s official Twitter account is @bitcolncash and its Facebook page is accessible here.

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.”

Buying and Selling Bitcoin Cash

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

BCH/USD price chart by TradingView