BCH
Bitcoin Cash
Market cap$5.34B
Updated - ago
Bitcoin Cash (BCH) is down 8.37% over the past 24 hours to $264.32, pressured by a broader macro-driven crypto market sell-off and risk-off sentiment.1 The decline unfolded alongside weakness in US equities and widespread deleveraging across derivatives, while ongoing ecosystem discussions regarding network enhancements provided limited offset against prevailing market headwinds.2 3
Bitcoin Cash (BCH) is a cryptocurrency that emerged in 2017 as a hard fork of the Bitcoin blockchain, designed to address scalability limitations of its predecessor. Operating on its own independent blockchain, Bitcoin Cash implements larger block sizes (initially 8MB, later increased to 32MB) to enable faster transaction processing and lower fees compared to Bitcoin. The token functions as both a store of value and a medium of exchange, maintaining Bitcoin's core proof-of-work consensus mechanism while prioritizing transaction throughput for everyday payments. BCH features a fixed maximum supply of 21 million coins and uses the same UTXO (Unspent Transaction Output) model as Bitcoin, ensuring compatibility with similar security principles. The asset gained notable attention within cryptocurrency communities as a representation of the ongoing philosophical debate regarding blockchain scalability, with proponents arguing that larger blocks better serve Bitcoin's original purpose as peer-to-peer electronic cash. BCH is widely supported across major cryptocurrency exchanges and wallets, making it one of the more established alternative cryptocurrencies by market capitalization and trading volume.