Bitcoin Cash (BCH) experienced a positive trend, rising by 1.1% against the US dollar during the 24-hour period concluding at 8:00 AM Eastern on December 27th. Currently, one Bitcoin Cash coin is valued at approximately $612.64, equivalent to 0.00701034 BTC on various popular cryptocurrency exchanges.
Over the past week, Bitcoin Cash has shown a stronger performance, trading 3.9% higher against the dollar. This growth has contributed to a market capitalization of $12.24 billion for Bitcoin Cash, with a trading volume of $362.94 million recorded in the last 24 hours.
In comparison to other cryptocurrencies, Bitcoin Cash”s performance stands out. For instance, Arweave (AR) has seen no change, maintaining its price at $3.46 or 0.00003964 BTC. Meanwhile, Bitcoin (BTC) has slipped by 1.7%, currently trading at $87,397.64 or 1.00000000 BTC. Bitcoin SV (BSV) has also declined by 0.9%, now valued at $18.20 or 0.00020825 BTC. On the other hand, eCash (XEC) increased slightly by 0.7%, while Syscoin (SYS) rose by 1.4%, trading at $0.0174 or 0.00000020 BTC.
From a technical standpoint, Bitcoin Cash operates on a proof-of-work (PoW) consensus mechanism and utilizes the SHA-256 hashing algorithm. Launched on August 1st, 2017, the total supply of Bitcoin Cash is capped at 19,972,647 coins.
For those looking to engage in trading Bitcoin Cash directly using US dollars, platforms such as GDAX, Changelly, and Coinbase provide accessible options. Additionally, investors can follow updates and insights on Bitcoin Cash through its official channels, including the message board at bitcointalk.org, the Twitter account @bitcolncash, and its website at www.bitcoincash.org.
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