According to the media platform Bitcoin.com, Bitcoin Cash (BCH) completed its second halving event on April 4, 2024, just 16 days ahead of the highly anticipated Bitcoin halving. The recent BCH halving reduced the miner rewards from 6.25 BCH to 3.125 BCH per block at block height 840,000. While BCH experienced a bullish track ahead […]
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- Bitcoin Cash has reportedly completed its second halving on April 4, 2024.
- BCH price dipped 9% just before the halving but rebounded over 5% immediately after.
- While the next Bitcoin Halving is expected on April 20, its impacts are anticipated to be lessened compared to the previous halving events due to various factors.
According to the media platform Bitcoin.com, Bitcoin Cash (BCH) completed its second halving event on April 4, 2024, just 16 days ahead of the highly anticipated Bitcoin halving. The recent BCH halving reduced the miner rewards from 6.25 BCH to 3.125 BCH per block at block height 840,000.
While BCH experienced a bullish track ahead of the halving, the price dipped about 9% just hours before the event. According to CoinMarketCap data, BCH’s price had its rebound immediately after the halving, experiencing a surge of more than 5%. However, as of the press, BCH backtracked to $613.88, with a 24-hour decrease of 2.53%.
Over the past week, aligning with the hype of the Bitcoin Cash Halving event, BCH has seen a remarkable surge of 15.45%. Over the last month, the price surge was even higher, marking an uptick of 33%. Notably, on April 1, BCH …
The post Bitcoin Cash Surges and Plummets After Second Halving Event: Report appeared first on Coin Edition.
