$BCH Skyrockets Ahead of #Halving! Event
#BitcoinCash (BCH) is about to undergo its own halving event, similar to $BTC upcoming halving. The event has historically increased BCH's value, and its price has already jumped 12.72% over the past days.
The sharp rise is due to two main factors. First, the anticipation for the halving event has traditionally reduced new coin generation, potentially increasing scarcity and value. Second, the CFTC's recognition of #bchusdt as a commodity has also boosted its legitimacy and price. For that reason, many expect to rise more in the next few days.