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 4, 2024. The surge in Bitcoin Cash (BCH) price has been nothing short of impressive, with the cryptocurrency experiencing a substantial weekly surge of over 22.83%.
This surge culminated in a significant milestone on April 1, 2024, as BCH hit a three-year peak, breaching the $700 mark and marking a remarkable 51% growth over the preceding 14 days. As the cryptocurrency community eagerly anticipates the second halving event for Bitcoin Cash on April 4, 2024, expectations are high regarding its potential impact on the network dynamics.
With miner rewards set to be halved from 6.25 BCH to 3.125 BCH, the event is poised to
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