Bitcoin Cash Market Cap Reaches $11.73 Billion (BCH)

Bitcoin Cash (BCH) traded 10.8% higher against the US dollar during the 24 hour period ending at 9:00 AM E.T. on December 3rd. Bitcoin Cash has a market cap of $11.73 billion and approximately $752.62 million worth of Bitcoin Cash was traded on exchanges in the last day. Over the last week, Bitcoin Cash has traded up 10.2% against the US dollar. One Bitcoin Cash coin can now be bought for approximately $587.39 or 0.00631577 BTC on major cryptocurrency exchanges.

Here is how related cryptocurrencies have performed over the last day:

• Arweave (AR) traded 10.6% higher against the dollar and now trades at $4.39 or 0.00004724 BTC.
• Bitcoin (BTC) traded 6.2% higher against the dollar and now trades at $93,004.32 or 1.00000000 BTC.
• Bitcoin SV (BSV) traded 5.5% higher against the dollar and now trades at $21.13 or 0.00022721 BTC.
• eCash (XEC) traded up 5.7% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded 8% higher against the dollar and now trades at $0.0214 or 0.00000023 BTC.

About Bitcoin Cash

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 19,961,666 coins. Bitcoin Cash’s official Twitter account is @bitcolncash and its Facebook page is accessible here. 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.

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)”

Bitcoin Cash Coin Trading

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

BCH/USD price chart by TradingView