Bitcoin Cash Trading 23.4% Lower Over Last Week (BCH)

Bitcoin Cash (BCH) traded down 10.8% against the dollar during the 24-hour period ending at 7:00 AM ET on July 5th. During the last seven days, Bitcoin Cash has traded 23.4% lower against the dollar. Bitcoin Cash has a market cap of $6.09 billion and $436.38 million worth of Bitcoin Cash was traded on exchanges in the last 24 hours. One Bitcoin Cash coin can currently be purchased for approximately $308.81 or 0.00558969 BTC on popular cryptocurrency exchanges.

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

• Bitcoin (BTC) traded down 4.3% against the dollar and now trades at $55,246.89 or 1.00000000 BTC.
• Arweave (AR) traded 12.4% lower against the dollar and now trades at $21.66 or 0.00039198 BTC.
• Bitcoin SV (BSV) traded 11.9% lower against the dollar and now trades at $34.06 or 0.00061644 BTC.
• eCash (XEC) traded 7.1% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded 13.3% lower against the dollar and now trades at $0.0948 or 0.00000172 BTC.

About Bitcoin Cash

Bitcoin Cash (BCH) is a proof-of-work (PoW) coin that uses the SHA-256 hashing algorithm. It was first traded on August 1st, 2017. Bitcoin Cash’s total supply is 19,728,994 coins. 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. The Reddit community for Bitcoin Cash is /r/Bitcoincash and the currency’s Github account can be viewed 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 acquire Bitcoin Cash using U.S. dollars directly can do so using Gemini, GDAX or Coinbase.

BCH/USD price chart by TradingView