Bitcoin CashBCH $320.05

About Bitcoin Cash

The Bitcoin Cash price is $320.05, a change of -4.47% over the past 24 hours as of 11:07 p.m. The recent price action in Bitcoin Cash left the token’s market capitalization at $6,094,595,531.51 USD. So far this year, Bitcoin Cash has a change of -25.83%. Bitcoin Cash is classified as a Currency under CoinDesk's Digital Asset Classification Standard (DACS).

After Bitcoin operated smoothly for several years, a number of developers working on the original Bitcoin protocol felt the project was deviating from founder Satoshi Nakamoto’s vision of what the cryptocurrency was supposed to be – namely, a cheap, decentralized payment system. Internal conflict reached a peak in 2017, when the Bitcoin blockchain split into two and Bitcoin Cash emerged as a separate blockchain

BCH price

BCH was officially launched in August 2017 and was distributed to bitcoin holders at a ratio of 1:1, meaning each bitcoin holder was entitled to receive one BCH token for each bitcoin he or she held.

Because Bitcoin Cash shared the same blockchain as Bitcoin until the hard fork (a major change to a network’s protocol), the two cryptocurrencies had similar characteristics. As with bitcoin, the total supply of BCH is capped at 21 million, for example. But the two vary in major ways. For example, Bitcoin Cash can support 25,000 transactions per block, compared with Bitcoin’s 1,000 to 1,500 transactions per block.

In December 2017, BCH price hit an all-time high of $4,355.62, but it lost 80% of its value over the next six months as the wider crypto market experienced a prolonged bear market.

BCH prices remained under $600 for more than two years until January 2021 when a new bullish cycle began. The token for the forked bitcoin project managed to rise 410% to a peak of $1,636 in May 2021 – the highest price seen in about three years. By the end of June 2021, however, BCH’s price fell 75% to $40 #bch #bchcash #bitcoincash #cryptonews #token #web3.O #tranding