Bitcoin Cash (BCH) has recorded an impressive 8.51% price surge over the past 24 hours, reaching $142.8** with a total trading volume of **$26 million. The cryptocurrency now holds a market capitalization of $2.783 billion, ranking 21st among all digital assets.
Key Metrics
- 24-Hour High/Low: $144.7 / $129.5
- Circulating Supply: 19,391,350 BCH
Historical Performance:
- 1 Week: +24.51%
- 1 Month: +16.34%
- 3 Months: +4.67%
- 6 Months: +31.96%
- YTD: +39.05%
What Is Bitcoin Cash (BCH)?
Bitcoin Cash emerged from a hard fork of the Bitcoin blockchain in 2017, driven by community efforts to scale transaction capacity. Key milestones include:
- August 2017: Increased block size to 8MB to improve transaction speed.
- November 2018: Split into Bitcoin SV (Satoshi’s Vision) and Bitcoin ABC, with the latter becoming the dominant chain retaining the BCH ticker.
👉 Explore crypto trading strategies to capitalize on BCH’s volatility.
Market Context
The broader crypto market has shown renewed bullish momentum, with Bitcoin recently surpassing $29,000. Analysts attribute this to:
- Institutional interest in EDX Markets, a new regulated exchange.
- Growing adoption of Web3 financial tools, as highlighted by OKX’s global initiatives.
FAQ
Q: Why did Bitcoin Cash split from Bitcoin?
A: To address scalability issues by increasing block size, enabling faster and cheaper transactions.
Q: Is Bitcoin Cash a good investment in 2024?
A: While BCH has shown strong YTD gains, always conduct independent research and consider market risks.
Q: Where can I trade BCH securely?
A: Platforms like 👉 OKX offer reliable trading with advanced tools like Martingale strategies for risk management.
Disclaimer: Cryptocurrency investments are volatile. This content is for informational purposes only and not financial advice.
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