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Bitcoin Cash

BCH

4.3

Price
$116.53
10/1/2022, 8:54:04 PM
diamondHands

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Market

Market stats

Market cap

$2.2B

Volume (24h)

$217.8M

Circulating supply

19.2M BCH

Typical hold time

55 days

Popularity

#24

All time high

$4,355.62

Price change (1h)

-0.12%

Price change (24h)

-4.66%

Price change (7d)

-3.77%

Trading activity

90% Buy0% Buy
10% Sell100% Sell

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Bitcoin Cash is on the decline this week.

The price of Bitcoin Cash has fallen by 3.77% in the past 7 days. The price declined by 4.66% in the last 24 hours. In just the past hour, the price shrunk by 0.12%. The current price is $116.535 per BCH. Bitcoin Cash is 97.32% below the all time high of $4,355.62.

The current circulating supply is 19,189,037.5 BCH.

About

Bitcoin Cash is a fork of Bitcoin that seeks to add more transaction capacity to the network in order to be useful for everyday transactions.

What is Bitcoin Cash (BCH)?

Bitcoin Cash (BCH) is a cryptocurrency that was “forked” from Bitcoin (BTC), the world’s largest cryptocurrency, in 2017 due to a division over the future of the protocol. What does that mean? A fork happens whenever a community makes a change to the blockchain’s protocol, or basic set of rules, that results in a new blockchain. In the case of Bitcoin Cash, the community set out to create a cryptocurrency that’s better suited than Bitcoin for cheap, every day payments.

Bitcoin itself, despite originally being named “Peer-to-Peer Electronic Cash” in its whitepaper published in 2009, may not be well-suited for use as cash in everyday purchases due to its fees. As of May 10, 2021, for example, the median fee to send a Bitcoin transaction was approximately $8.00. Buying a coffee with Bitcoin directly wouldn’t make much sense at those costs. 

And, while there are “second layer” solutions such as the Lightning Network that may enable low-fee transactions, Bitcoin fees can add up (as of December 2021 Bitcoin fees have settled to be less than $1.00 per transaction, Bitcoin Cash fees are typically less than $0.01 per transaction).

Who created Bitcoin Cash (BCH) and why?

In 2017, as Bitcoin’s popularity increased and network fees began to rise, a group of Bitcoin developers proposed a technical solution to support Bitcoin’s use for smaller transactions. In essence, these developers released a new version of Bitcoin’s software that increased the size of Bitcoin’s blockchain (enabling a greater number of transactions to be processed).

The majority group of Bitcoin developers and users disagreed with the software proposal.   A “fork” was created, and Bitcoin Cash became an entirely separate blockchain (although Bitcoin Cash still retained some core features of Bitcoin such as a maximum supply of 21 million coins).

The reason that Bitcoin Cash’s technology was rejected by many Bitcoin developers and users is because a larger blockchain (that can support a greater number of transactions and thus cheaper transactions) comes with a key trade-off. A larger blockchain is harder to validate and store on thousands of computers around the world, which are the foundation of Bitcoin’s decentralized nature (such as ensuring that no individual, company, or organization can tamper with Bitcoin’s blockchain at its core).

When was Bitcoin Cash (BCH) created?

Bitcoin Cash was created as a fork from Bitcoin in 2017.

How do I use Bitcoin Cash (BCH)?

One way to use Bitcoin Cash is to find a merchant that accepts purchases via Coinbase Commerce. Coinbase Commerce enables merchants to easily accept Bitcoin Cash transactions.

Where do I buy Bitcoin Cash (BCH)?

Bitcoin Cash is available via many crypto exchanges and finance apps, including Coinbase.

Released: August 2017

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Social

Bitcoin Cash on social media.

Bitcoin Cash was mentioned in 488 out of 1,810,058 social media posts on Twitter and Reddit on Sep 30, 2022. 382 unique individuals are talking about Bitcoin Cash and it is ranked #232 in most mentions and activity from collected posts.

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Key indicators

Contributors

382 people

Posts

488 posts

Dominance

0.03%

Volume rank

#232

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FAQ

What is the current price of Bitcoin Cash?

The price of 1 Bitcoin Cash currently costs $116.53.

What is the market cap of Bitcoin Cash?

The current market cap of Bitcoin Cash is $2.24B. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Bitcoin Cash?

The all-time high of Bitcoin Cash is $4,355.62. This all-time high is highest price paid for Bitcoin Cash since it was launched.

What is the 24 hour trading volume of Bitcoin Cash?

Over the last 24 hours, the trading volume of Bitcoin Cash is $217.80M.

What other assets are similar to Bitcoin Cash?

Assets that have a similar market cap to Bitcoin Cash include NEAR Protocol, Crypto.com Coin, Monero, and many others. To see a full list, see our comparable market cap assets.

How many Bitcoin Cash are there?

The current circulating supply of Bitcoin Cash is 19 million.

What is the typical holding time of Bitcoin Cash?

The median time that Coinbase customers hold Bitcoin Cash before selling it or sending it to another account or address is 55 days.

What is the relative popularity of Bitcoin Cash?

Bitcoin Cash ranks 24 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

What is the current trading activity of Bitcoin Cash?

Currently, 90% of Coinbase users are buying Bitcoin Cash. In other words, 90% of Coinbase customers have increased their net position in Bitcoin Cash over the past 24 hours through trading.

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