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Other than the most awaited Bitcoin halving days, a few other things are happening with the crypto market, which is pushing coins like Bitcoin Cash. Bitcoin Cash is a PoW-based cryptocurrency created after a hard fork of the Bitcoin chain and is heavily influenced by the Bitcoin price.
Bitcoin Cash's second halving is about to take place tomorrow, according to current estimations.
Despite a 2% drop in Bitcoin marking a bearish start to this week, the close cousin Bitcoin Cash shows a terrific trend in motion. With a dominant bull run in motion, the weekly chart of BCH price reflects a spectacular trend reversal.
This resurgence can be attributed to a confluence of factors, each contributing to BCH's newfound prominence in the crypto market. One significant catalyst is the impending halving scheduled for April 3, which will slash the current block reward by half.
ORDI has bounced above a key resistance line while Bitcoin Cash (BCH) surged this week to reach new highs above $600. Elsewhere in the market, attention remains on BRC-20 project Bitcoin Dogs (0DOG) as the latest update on what's next buoys community.
Bitcoin Cash (BCH) remarkably resurges on Easter Eve and is back to the top 15 most valuable cryptocurrencies by capitalization. BCH has added nearly $3 billion to its market cap in a week and doubled its price in a month.
Bitcoin Cash (BCH) has surged by more than 37% in the past seven days ahead of its upcoming halving event. BCH, a Bitcoin hard fork that spun off from BTC in 2017, is trading at $573.39, up from $418.46 one week ago.
Bitcoin Cash climbs crypto market cap ranking thanks to a confluence of bullish factors and the narrative that BTC has been captured.
TL;DR Open interest in Bitcoin Cash perpetual futures contracts has surpassed $700 million, indicating increasing trading activity and investor interest. BCH price remains significantly below its all-time high of $4,355, reached in December 2017.
Bitcoin Cash (BCH) has recently captured the spotlight with a remarkable surge, soaring by an impressive 13% in anticipation of its upcoming halving event scheduled for April 4. This unprecedented rally has left industry experts and investors alike scrambling for answers, as Bitcoin Cash boldly diverges from the prevailing market trends, establishing itself as a force to be reckoned with amidst a backdrop of uncertainty and volatility.
Bitcoin Cash remains a long distance from its all-time high of $4,355 which it attained back in December 2017.
Bitcoin Cash (BCH) is experiencing a surge in trading activity and open interest ahead of its second halving event set for April 4, with open interest in futures perpetual contracts reaching a record high of $708 million, an increase from the previous peak in May 2021.
Bitcoin Cash hasn't seen open interest at this level since May 2021, when its price was nearly 2.5 times higher.
Bitcoin cash started a strong increase above the $500 and $520 levels against the US Dollar. The price is now trading above the $540 zone and the 55 simple moving average (4 hours).
Amidst the ebb and flow of digital currencies, the surge in BCH's price from below $500 to $553 has captured the attention of investors and enthusiasts alike. This sudden uptick comes amidst a backdrop of heightened market uncertainty, with cryptocurrencies experiencing notable swings in value.
Its halving is coming very soon, and investors are loading up.
Discover the potential of these crypto moonshots as investors seek alternatives to overvalued tech stocks.
The upcoming halving is Bitcoin Cash's second, with the first having taken place in 2020.
Bitcoin Cash price predictions are worth checking on Thursday as the fork of Bitcoin has been performing well recently ahead of a halving.
The Bitcoin Cash network stands on the brink of its forthcoming halving event, set to take place a week from now. This milestone will see mining rewards on the network notably reduced from their current levels.
The BCH price has reclaimed the $500 mark with a jump of over 10% within the past 24 hours. Further, the market continues to trade under a strong bullish influence, indicating a positive uptrend for this Bitcoin Cash price during the upcoming weeks.
Bitcoin Cash (BCH), the first hardforked version of the Bitcoin blockchain, has recently been on investors' radar gaining 17% in the last 24 hours. As of press time, the Bitcoin Cash price is up 15.53% trading at $562 with a market cap of $11.07 billion.
The Bitcoin Cash halving is expected on Apr.4, blockchain trackers show, and has historically preceded price bumps.
Dogecoin, Litecoin, and Bitcoin Cash attract attention ahead of April 1st, a vital day for the altcoins' regulatory status. If the US Commodity Futures Trading Commission fails deny Coinbase's derivative products application for DOGE, BCH, and LTC by April 1st, the regulator will have to classify the assets as commodities.
