Bitcoin Cash's halving – Identifying whether it will impact Bitcoin's future
Bitcoin is preparing for its next halving in the next two weeks, but does a threat loom?
Keep up with what's happening in the crypto world in real-time.
Bitcoin is preparing for its next halving in the next two weeks, but does a threat loom?
The bull market rally in the crypto world isn't slowing down for certain tokens today.
Bitcoin Cash (BCH) recently witnessed a pivotal moment in its lifecycle as it underwent a significant event – the halving, a process that occurs approximately every four years and marks a reduction in mining rewards. However, this milestone was accompanied by unexpected price volatility, prompting a deeper analysis of the factors influencing Bitcoin Cash's market behavior.
One of Bitcoin's most popular forks completed its halving roughly two weeks ahead of BTC's quadrennial change slated for later this month.
Bitcoin Cash (BCH) experienced a notable fluctuation in its value surrounding its most recent block reward halving, initially dropping to $565 just before the halving but later recovering to around $676, marking an 11% increase for the day and nearly 20% for the week.
The recent Bitcoin Cash halving and the upcoming Bitcoin halving have sparked market speculation and price volatility, with experts analyzing historical trends and the potential impact of the Spot Bitcoin ETF on future market dynamics.
TL;DR Halving Event: Bitcoin Cash (BCH) completed its second halving on April 3, 2024, reducing mining rewards from 6.25 to 3.125 BCH, marking a significant event for the network's economy and its miners. Market Impact: The halving led to a price surge of 147.85% over three months before the event, followed by a 9.
The Bitcoin Cash (BCH) network has recently undergone its halving event at block height 840,000.
Analysts said BTC traders are probably waiting for macroeconomic signals before making a move, referring to the current market lull.
When looking at the more successful altcoins for the current crypto bull market, it is often the newcomers that really make the gains. That said, the blast from the past, in the shape of $BCH and $LITE should not be discounted.
The most awaited event of the year is here! The fourth ever Bitcoin halving is expected to occur this month, on April 2024. However, Bitcoin Cash (BCH) completed its second-ever halving early this morning before Bitcoin halving, marking a significant milestone in its blockchain's history.
Bitcoin Cash experienced a notable surge, soaring over 10% following the completion of the blockchain's network halving.
Bitcoin Cash (BCH) recently underwent its second halving event, a significant milestone in its blockchain's history. This event marked a reduction in miner rewards from 6.25 BCH to 3.125 BCH per block, impacting the ecosystem and investor sentiment alike.
The cryptocurrency forked from Bitcoin underwent its own block reward halving this week, dropping as low as $565 pre-halving before recovering.
BCH and BNB are among the few altcoins in the green now.
Bitcoin Cash (BCH), the proof-of-work cryptocurrency forked from Bitcoin (BTC), faced a brief downturn in its three-month rally on Wednesday.
Bitcoin Cash (BCH) just marked a significant milestone in its lifecycle. The cryptocurrency has recently undergone its halving event at a block height of 840,000.
On Wednesday, Bitcoin Cash took a quick fall after three months of going up. But soon after, it bounced back up.
Bitcoin Cash, the cryptocurrency that split from Bitcoin in 2017, has completed its second halving, which has resulted in a reduction in the number of miner rewards from 6.25 BCH to 3.125 BCH. This move follows the first halving of Bitcoin Cash on April 8, 2020, which also reduced miner rewards by half from 12.5
There has been speculation in the lead-up to the halving, with the price of Bitcoin Cash increasing 147.85% over the past three months, though it has dipped over the last 24 hours.
The Bitcoin Cash network has witnessed its halving event at block height 840,000, leading to a reduction in the miner reward to 3.125 coins per block from the previous 6.25 coins. Miner Rewards Halved on Bitcoin Cash Network The latest block data reveals that the Bitcoin Cash (BCH) network has undergone its anticipated reward-halving event.
Bitcoin Cash (BCH) has displayed remarkable resilience in its price, steadfastly maintaining its position above the $600 mark despite the recent turbulence in the global cryptocurrency market. An in-depth analysis of on-chain data suggests a strategic maneuvering by both miners and traders as they brace themselves for the impending BCH Halving event scheduled for April
Introduction: Bitcoin Cash (BCH) has experienced a breathtaking ascent, rallying by an astounding 90% in just a short span of time, propelling its price from $358 to $678. However, as BCH enthusiasts celebrate this remarkable surge, concerns emerge regarding the sustainability of this bullish momentum.
With Bitcoin Cash Halving in 24-hours, buyers are controlling the spot markets while Miners accumulated $242M BCH in 72-hours. Will BCH price hit $1,000?