BCHUSD represents the exchange rate between Bitcoin Cash BCH and the US Dollar USD. It reflects the value of one Bitcoin Cash token in terms of US dollars and is a key metric for traders and investors in the cryptocurrency market.
-.---.--%
Annual change
-.--%
All time High / Low
49.2 / 4124.5
Buy
--.--
Sell
--.--
-.-
Daily price range:
Low
291.4
High
293.7
BCHUSD Contract Specifications
Minimum Spreads, points: 0
Contract Size per Lot: 250
Swap type: Points
Swap Long: -15
Swap Short: -15
Margin Group: FX Majors
Margin Currency: USD
Tick size: 0
Trading Platform: MetaTrader 4
Minimum Volume: 0.01
Maximum Volume: 0
Trading Schedule EET: 00:00 - 23:59 Mon - Fri
Hedged Margin: 1
Days Swap: FX Wednesday, metals-indices-oil friday
History of Bitcoin Cash
The BCHUSD trading pair represents the price history of Bitcoin Cash BCH against the US Dollar USD. BCH was created in August 2017 as a result of a contentious hard fork from the original Bitcoin blockchain, primarily aimed at increasing block size for faster transactions. Initially, BCHUSD started trading at around $200, and it quickly gained attention due to its association with Bitcoin. It reached an all-time high of over $4,000 in late 2017 during the cryptocurrency bull run but later experienced significant price fluctuations and corrections. BCHUSD’s price history reflects the ongoing debate over its scalability, adoption, and its place within the broader cryptocurrency market. Traders and investors closely watch this pair for trading opportunities and market trends.
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BCHUSD is a cryptocurrency trading pair that indicates the exchange rate between Bitcoin Cash BCH and the US dollar USD. It represents how much one unit of Bitcoin Cash is worth in US dollars at a given moment in the cryptocurrency market, allowing traders and investors to assess its value relative to the US dollar.
Trading the BCHUSD pair involves buying and selling Bitcoin BCH in exchange for US dollars USD on cryptocurrency exchanges. To start, choose a reputable exchange, create an account, and deposit funds. Place buy or sell orders based on your analysis of Bitcoin’s Cash price movements. You can use various trading strategies, including technical analysis and fundamental analysis, to guide your decisions. Manage risk by setting stop-loss orders and stay informed about cryptocurrency news and market trends, as BCH prices can be highly volatile. Always be cautious and only invest what you can afford to lose in this dynamic market.
Popular trading strategies for the BCHUSD pair include day trading, where traders capitalize on short-term price movements within a single day, swing trading that targets medium-term price swings over days or weeks, and trend following, which involves buying or selling based on the prevailing market trend. Additionally, some traders use technical analysis indicators and chart patterns to make informed decisions, while others employ fundamental analysis by assessing news and events impacting Bitcoin Cash BCH and the broader cryptocurrency market.
When trading the BCHUSD pair, it’s essential to consider several factors. Firstly, analyze the market trends to determine whether it’s a bullish, bearish, or sideways market. Utilize technical analysis tools to identify entry and exit points, support and resistance levels, and other critical price indicators. Stay informed about fundamental factors that could influence Bitcoin Cash, such as protocol upgrades, regulatory changes, and market sentiment. Implement robust risk management strategies, set stop-loss orders, and position sizes to protect your capital.
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