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Bitcoin cash is eyeing a fresh increase above the $650 resistance against the US Dollar. The price is now trading below the $640 zone and the 55 simple moving average (4 hours).
The cryptocurrency industry has displayed a bearish price action since the month started, indicating increased volatility in the crypto market. After a successful 2023, the industry started the year 2024 positively, highlighting a high possibility of a bull market during the upcoming months.
As the presale of Rebel Satoshi's second token, $RECQ rages on, investors are optimistic about the future of the coin as they flock to have a share. Meanwhile, the top altcoins like dogwifhat (WIF) and Bitcoin Cash (BCH) have remained in profit despite a market dip.
Unlike its predecessor, Bitcoin, which has undergone multiple halvings since its inception, Bitcoin Cash has only experienced its second halving. This recent event, occurring on Thursday, saw block rewards reduced to 3.125 BCH, reflecting the protocol's built-in mechanism to control inflation and ensure the scarcity of the digital asset.
After a sudden decline earlier in the week, the cryptocurrency market has witnessed a modest revival, spearheaded by Bitcoin (BTC). The maiden cryptocurrency is striving to reclaim the $70,000 threshold and aim for a new all-time high.
As Bitcoin dropped in price, so did everything else. Fork and rival Bitcoin Cash did well, though.
As the digital currency landscape continues to evolve, Bitcoin Cash finds itself in a position of particular intrigue. Recent data points paint a picture of a cryptocurrency on the move, with indicators suggesting potential for significant price growth.
Bitcoin Cash (BCH) emerges as a compelling contender, poised to embark on a journey towards a 3-year high amidst a backdrop of burgeoning market momentum. Despite encountering pivotal resistance levels, BCH remains steadfast in its pursuit, propelled by a convergence of factors signaling potential price growth.
Bitcoin Cash underwent its halving just a few weeks before Bitcoin's quadrennial event.
CoinDesk Indices (CDI) presents its bi-weekly market update, highlighting the performance of leaders and laggards in the benchmark CoinDesk 20 Index (CD20) and the broad CoinDesk Market Index (CMI).
In the world of cryptocurrencies, Bitcoin Cash (BCH) has been making headlines recently with its remarkable surge in price. Soaring to its highest levels in three years, BCH has surpassed the $700 mark, leaving investors and enthusiasts alike intrigued about its future trajectory.
Bitcoin Cash's price defies expectations by surging despite plunging hash rate post-halving.
The block reward halving is a fundamental mechanism embedded within the Bitcoin Cash protocol designed to regulate the issuance of new coins and maintain scarcity. This mechanism occurs approximately every four years or after a certain number of blocks have been mined, resulting in a 50% reduction in the block reward received by miners.
Despite the elite cryptocurrency displaying a mixed sentiment, the industry has displayed a bullish trend reversal in the market as top altcoins and mid-cap tokens record significant uptrends in their respective portfolios. Bitcoin cash price has successfully regained momentum after testing its low of $584, indicating increased inflow in the market.
Understanding Bitcoin Cash's Block Reward Halving: Bitcoin Cash's block reward halving is a fundamental aspect of its protocol, designed to occur approximately every four years or after the mining of every 210,000 blocks. During this event, the rewards granted to miners for validating transactions and securing the network are reduced by half.
Bitcoin Cash (BCH) has seen a successful price rally over the past week and more while gaining more than 20%. Earlier today, the Bitcoin Cash (BCH) price surged to its 3-year highs by gaining an additional 14% and shooting past $700 for the first time since 2021.
Bitcoin cash started a strong increase above the $550 and $580 levels against the US Dollar. The price is now trading above the $600 zone and the 55 simple moving average (4 hours).
Bitcoin Cash (BCH) price is experiencing an interesting phase, with strong market interest despite a contrasting signal.
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.
