Bitcoin Cash (BCH) Price Chart

About Bitcoin Cash (BCH)

The first blockchain with the support of decentralized international finance transferring is the Bitcoin network. Many IT projects and commercial companies copied the technology or simply worked with the same code to run their own blockchain or create a new cryptocurrency. However, the story of the invention of BCH is quite different.

How Bitcoin Cash was created

With increased demand, the Bitcoin network faces the scalability issue, when the processing of transactions takes more time than usual. The Bitcoin core project decided to use the SegWit protocol that excludes the signature from the center of the transaction stream and moves it to the end. As a result, the transaction sizes become smaller. Some developers did not support the idea of SegWit, they saw the scalability solution in increasing the block size. This second group were miners and computer scientists, and we know them as creators of Bitcoin Cash.

In 2017, a hard fork initiated by Bitcoin Cash (BCH) developers resulted in the network split. From the time of its creation, BCH has been running on its own separate blockchain. 

Democracy as the main principle 

Inspired by the success of the initial BCH developers, the Bitcoin Cash community often argued about the evolution of the network and planned upgrades. If they don’t reach a consensus, the network is going through a hard fork again. It happened in 2018 when two camps in the BCH community did not agree on a new block size. One part upgraded to the 32 MB block size (ABC protocol) and the other one with a bigger, 123 MB (SV protocol). Later, in 2020 the community discussed new architectural changes and funding sources for the project. Bitcoin Cash Node (BCHN) camp didn’t agree with the new funding plan and split from the BCH ABC network.

After both hard forks, BCH holders received an equal amount of the newly launched crypto. Almost every crypto trading platform that supported BCH, including CEX.IO, credited the new tokens to all their BCH owners. 

What are the use cases for BCH?

Bitcoin Cash offers decentralized peer-to-peer operations and allows transferring funds at a lower cost than traditional finance institutions. The transaction fee in the Bitcoin Cash network is even cheaper than in many other cryptocurrencies. Furthermore, there are a lot of online and offline services where you can make payments in BCH. It’s even possible to use it for charity — Unicef is accepting crypto donations in Bitcoin (BTC), Bitcoin Cash (BCH), and Stellar (XLM). 

Thinking about getting some BCH in your portfolio? You can buy Bitcoin Cash for fiat funds using your debit/credit card, bank transfers, or electronic wallets (like Skrill, Epay) at the CEX.IO exchange platform.

Current Bitcoin Cash price index and other important factors 

To track the price changes in BCH/USD pair (Bitcoin Cash to USD) to pick the moment to trade, check the chart with the historical data. Also, there are many other factors that can help you estimate the buying and selling opportunities or even predict the next price swing. 

So, when you make your own Bitcoin Cash price analysis and plan to trade on some exchange, it’s important to take into account the impact of price volatility, trading volume, and market depth (and this is not the end of the list).

Price volatility 

Volatility is actually the changes in the price that you can see on the chart. If the crypto goes up and down often, the market is considered to be highly volatile, thus, riskier. On the other hand, there are trading instruments that allow earning on both rising and falling markets. For example, CEX.IO Spot Trading - a platform for cryptocurrency and other assets trading. 

Understanding price volatility helps you estimate your risks and chances to earn. You can do your own research by checking Bitcoin Cash historical price on the CEX.IO website or mobile app. 

Trading volume 

An indicator that shows how many coins are traded (sold and bought) during the selected period. Different exchanges have different trading volume for every currency pair. This reflects the liquidity: the higher it is, the more chances that your trading order will be completed. At CEX.IO, you can find the 24-hour trading volume in the up-right corner of the price chart. 

Market depth 

It reflects the ask (buy) and bid (sell) orders on the exchange. The market depth consists of all pending (limit) orders on a platform within a currency pair (eg. BCH to USD, BTC to EUR, ETH to GBP). Strong market depth usually determines a high trading volume. This means that you can place a larger order without having a significant impact on the price.

How to choose a robust platform for BCH trading

If you want to exchange Bitcoin to USD, trade cryptocurrencies, or traditional assets, the first thing to do is to find a reliable trading platform. It requires careful research as you’re going to trust it your funds and personal information. 

A lot of crypto platforms offer a range of trading tools, order types, and payment instruments. 

However, only a few of them can provide secure crypto storage, enhanced data protection, and a safe trading environment. These are important things to consider when choosing a trusted platform.

Want to buy Bitcoins with a credit card? Here’s what to check 

In search of places where to buy Bitcoin with a credit card, there are quite a bunch of factors to consider. When comparing crypto exchange platforms, check what permissions (licenses) they have and how they protect users’ card data and accounts. A trustworthy company will have this information publicly available. For example, at CEX.IO you can review the licenses and company policies on the Legal and security page. 

You can also check the site certificate information. Just click on the padlock icon in the address bar. This will help you to understand whether the certificate is valid and issued for the given platform. This is one of the factors to confirm the legitimacy of the exchange. 

Pay attention to the security measures

When registering at CEX.IO we ask you to create a strong password and enable 2-factor authentication. These simple measures allow preventing unauthorized access to your account. 

Additionally, we ask you to pass the verification. This helps us maintain a safe trading environment on the platform.

We keep the crypto holdings of our uses in cold storage. Meanwhile, we care about uninterrupted trading for everyone. To satisfy your withdrawals and tradings, we use funds that belong to CEX.IO and are stored on a separate hot wallet. 

Remarkable pages in Bitcoin Cash price history

The launch and first ATH

The Bitcoin Cash launched in 2017, at the time of the so-called alt season. That was extreme heat on the crypto market as BTC had started a bull run and was moving to ATH at that time of above $20,000. BCH opened its trading history at a rate of approximately $295 — this was the first Bitcoin Cash (BCH) cash price. Thanks to the reputation of the Bitcoin technologies and the interest of investors in new cryptocurrencies (altcoins), the BCH price reached its first peak very soon. On 20 December 2017, it was traded at near $4,300. 

A year of the bears

The news about China and South Korea going to ban cryptocurrencies brought fear sentiment to the crypto market. The situation became even worse when Coincheck, Japan's largest cryptocurrency OTC market, was hacked. Following the BTC downtrend, altcoins, including BCH faced their fate. The bear market came into authority. At the end of 2018 BCH was traded at around $150, which is almost thirty times lower than it cost a year ago.

The effect of the hard fork 

The team behind Bitcoin Сash is constantly upgrading the network. The news about the upcoming BCH forks usually makes a buzz in the crypto community. Expecting the price jump in the background of rising interest and free token distribution in case of the network split, people started actively buying BCH.

You can compare the Bitcoin Cash prices over time, there are the dates of the most remarkable forks:

• May 15, 2018 — the block size increased to 32 MB. BCH almost doubled its price in a few weeks and was trading at around $1,400.
• November 15, 2018 — a hard fork resulted in splitting the network and new coin creation (BSV). At the beginning of the year, the BCH price was at near $2,400. At the moment of the November fork event it fell to approximately $391 per 1 coin.
• November 15, 2020 — another hard fork resulted in the creation of a separate cryptocurrency (BCHA). BCH was in a flat during a year and traded at the rate of nearly $250.

At the price chart you can see that there was a rising trend before or after these dates. The project's popularity could naturally cause such market sentiments, so more traders were interested in buying BCHe. However, many crypto analytics consider that we should take into account the Bitcoin Cash to Bitcoin exchange rate as it gives us a more clear picture of BCH price ground.