Bitcoin Cash (BCH) 1-Day Trading Volume Hits $397.85 Million

Bitcoin Cash (BCH) traded down 1.7% against the U.S. dollar during the 1-day period ending at 7:00 AM Eastern on November 5th. Bitcoin Cash has a market cap of $9.73 billion and $397.85 million worth of Bitcoin Cash was traded on exchanges in the last 24 hours. One Bitcoin Cash coin can now be purchased for approximately $487.67 or 0.00475456 BTC on exchanges. Over the last week, Bitcoin Cash has traded down 12.1% against the U.S. dollar.

Here is how similar cryptocurrencies have performed over the last 24 hours:

• Arweave (AR) traded 3.1% higher against the dollar and now trades at $4.10 or 0.00003998 BTC.
• Bitcoin (BTC) traded down 1.2% against the dollar and now trades at $102,688.03 or 1.00000000 BTC.
• Bitcoin SV (BSV) traded 3.9% lower against the dollar and now trades at $21.20 or 0.00020673 BTC.
• eCash (XEC) traded down 1.5% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded 1.2% higher against the dollar and now trades at $0.0243 or 0.00000024 BTC.

Bitcoin Cash Profile

Bitcoin Cash 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 19,948,809 coins. 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 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)”

Buying and Selling Bitcoin Cash

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

BCH/USD price chart by TradingView