đđ„ BITCOIN CASH COMPLETES HALVING WEEKS BEFORE BITCOINâS TURN đ„đ
đ Bitcoin Cash (BCH) underwent its halving just a few weeks ahead of Bitcoin's quadrennial event, reducing block rewards to 3.125 BCH. This marks only the second halving event for the forked network, with the last one occurring in April 2020, slashing block rewards to 6.25 BCH.
đ° Following its halving event, BCH surged to prices not seen since 2021, reaching a high of around $700 before settling around $660 in early Friday hours, marking a 10% increase over the past week. However, BCH is still far from its all-time high of over $9,500 recorded in 2017.
đĄ Bitcoin Cash, designed as a cheaper and faster alternative to the original Bitcoin chain, currently boasts a market cap of around $13 billion, significantly lower than Bitcoin's $1.3 trillion market cap. Nonetheless, BCH's price has been gradually rising, shadowing Bitcoin's gains.
đ Bitcoin's halving is scheduled to occur around April 20 at block 840,000, happening every 210,000 blocks. With Bitcoin (BTC) currently trading at around $67,000, anticipation for its halving event continues to build up.
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đđ„ #BCH #Bitcoin #BTC #Halving  #BitcoinHalving
