Bitcoin Cash (BCH) Trading 2.5% Lower Over Last Week

Bitcoin Cash (BCH) traded 1.7% higher against the US dollar during the 1 day period ending at 18:00 PM Eastern on August 16th. One Bitcoin Cash coin can currently be bought for approximately $339.35 or 0.00573793 BTC on exchanges. Over the last seven days, Bitcoin Cash has traded down 2.5% against the US dollar. Bitcoin Cash has a market cap of $6.70 billion and $281.77 million worth of Bitcoin Cash was traded on exchanges in the last 24 hours.

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

• Bitcoin (BTC) traded up 2.5% against the dollar and now trades at $59,142.59 or 1.00000000 BTC.
• Arweave (AR) traded 2.7% higher against the dollar and now trades at $21.63 or 0.00036573 BTC.
• Bitcoin SV (BSV) traded 0.3% lower against the dollar and now trades at $43.12 or 0.00072916 BTC.
• eCash (XEC) traded up 1.3% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded 6.1% higher against the dollar and now trades at $0.0738 or 0.00000125 BTC.

About Bitcoin Cash

Bitcoin Cash (CRYPTO: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 19,747,856 coins. The official website for Bitcoin Cash is www.bitcoincash.org. 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. 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.”

Bitcoin Cash Coin Trading

Investors seeking to trade Bitcoin Cash using U.S. dollars directly can do so using GDAX, Coinbase or Changelly.

BCH/USD price chart by TradingView