On April 4, the Bitcoin Cash network halved.
Miners' reward for each mined block has been reduced to 3.125 BCH.
The price of the asset fell immediately after the event, but after that the trend turned uphill.
After the halving, the network processed 23 blocks.
According to Blockchain, the Bitcoin Cash network halved on the night of April 4, 2024.
The asset itself reacted with a slight decrease, but then recovered its position and began to grow.
The halving took place at a block height of 840k, which was mined by the ViaBTC pool. After these events, the miner reward decreased to 3.125 BCH from 6.25 BCH.
This is the second halving in the network. The first halaing took place on April 10, 2020. As a result, the reward for each mined block was reduced to 6.25 BCH from 12.5 BCH
The asset reacted to the event with a slight decrease, but then recovered its position. At the time of writing, it was trading with a daily gain of 13%:
Right before the halving, the network's hashrate increased significantly, according to BTC.com. However, then the indicator fell:
On April 19, 2024, the Bitcoin network halving is expected. The experts themselves indicated a high probability of further growth of the asset after this event.
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