BCHUSD is among the most popular trading pairs and represents a trading pair of Bitcoin Cash (BCH) against the US Dollar (USD). It is the most well-known Bitcoin fork and is among the top cryptocurrencies by market capitalization.

What is BCHUSD?

BCHUSD indicates the value of one bitcoin against the US dollar. Bitcoin Cash itself is both a cryptocurrency and a payment network at the same time. The value of BCH is due to the limited supply (21 million). This means that there is a fixed rate at which BCH comes into circulation until all coins are mined. It was created in 2017 as an offshoot of the "main" Bitcoin. Then, in 2017, Bitcoin developers and crypto miners used the SegWit2x technology to help increase the block size limit and the number of transactions.

BCHUSD is a symbol that shows how much the cryptocurrency Bitcoin Cash is worth in terms of the US dollar. It was created as a hard fork on Bitcoin by a group of crypto miners and developers. The goal was to make a version of crypto that was more liquid and could accept micropayments. This would make it a better way to understand how to trade BCHUSD and do business instead of just storing value.

How does BCHUSD work?

Bitcoin Cash is a direct competitor to Bitcoin, and what sets it apart is not SegWit or the Lightning Network but the fact that it has a larger block size for scaling. The coin offers faster transaction processes, shorter waiting times, and lower processing fees. Shareholders can discover how to invest in BCHUSD on the SimpleFX platform.

BCHUSD price history

2017

Soon after the fork and creation of Bitcoin Cash, its price surged to all-time highs, levels never reached before and after. On Wednesday, December 20, 2017, BCHUSD hit $4,300 per coin. The price was reached after an impressive run two months earlier, and the token was priced at around $300. Investors who went in in October 2017 could cash out with an above 1000% return. The ones who traded with leverage could multiply these results even further.

2018

The BCHUSD price quickly collapsed as too many tried to sell simultaneously. BCHUSD went down to $2,000 in January 2018 and $600 in March 2018. Still, thousands of traders profited from the price action, as Bitcoin Cash was a popular token among shorters.

The roller coaster moved on in the upcoming months. BCHUSD hit $1,800 again in May 2018, but as the crypto winter unleashed, the token's price dropped to $73 at the end of 2018.

2020

In late 2020, the pair entered yet another bullish run. It took over one year for Bitcoin Cash to soar from $240 to $1,642. The adoption was growing, especially in

2021 & 2022

Over the next few years, BCHUSD was drifting sideways. BCH gained traction in poorer regions of the world.

Bitcoin Cash market cap

BCHUSD market cap is not permanent and changes due to various factors. Investors eager to learn how to invest in crypto should keep tabs on the chart above - an updated market cap is shown next to it.

Is BCHUSD a good investment?

Bitcoin Cash is a mid-range altcoin. It's smaller than Bitcoin or Ethereum but is much more reliable than most of the thousands of cryptocurrencies you can trade. The most important thing to remember when trading BCHUSD is that this asset class is highly volatile. The price swings are massive, and you can expect Bitcoin Cash to go up or down 10%-20% daily.

When trading BCHUSD, remember that the cryptocurrency market is bundled. If any event drives a token or crypto company up or down, the market should follow in the next minutes, hours, or days.

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