Bitcoin Cash (BCH) Price Hits $340.80 on Major Exchanges

Bitcoin Cash (BCH) traded down 4.8% against the dollar during the 1 day period ending at 14:00 PM Eastern on October 23rd. One Bitcoin Cash coin can currently be purchased for about $340.80 or 0.00521335 BTC on popular cryptocurrency exchanges. During the last week, Bitcoin Cash has traded 7.5% lower against the dollar. Bitcoin Cash has a total market cap of $6.74 billion and approximately $192.00 million worth of Bitcoin Cash was traded on exchanges in the last day.

Here’s how similar cryptocurrencies have performed during the last day:

• Bitcoin (BTC) traded down 3.2% against the dollar and now trades at $65,370.60 or 1.00000000 BTC.
• Arweave (AR) traded 5.5% lower against the dollar and now trades at $17.41 or 0.00026640 BTC.
• Bitcoin SV (BSV) traded down 4.5% against the dollar and now trades at $45.99 or 0.00070350 BTC.
• eCash (XEC) traded 4.6% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded 8.7% lower against the dollar and now trades at $0.0972 or 0.00000149 BTC.

About Bitcoin Cash

Bitcoin Cash 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 19,778,300 coins. The official website for Bitcoin Cash is www.bitcoincash.org. 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. 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, Changelly or Coinbase.

BCH/USD price chart by TradingView