Bitcoin Cash

Solana

Bitcoin

April

Rekt

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/bitcoin-cash-surges-as-halving-event-nears" rel="noopener noreferrer nofollow">Bitcoin Cash Surges as Halving Event Nears</a><br></p>
<p style="text-align: justify">The digital currency market persists in its upward trajectory through 2024, continuing the recovery that began in the previous year. In 2023, a robust resurgence from the 2022 downturn saw <a href="https://en.bitcoinhaber.net/matrixport-predicts-no-spot-bitcoin-etf-approval-advises-caution" rel="noopener noreferrer nofollow">Bitcoin</a>‘s valuation nearly triple, while <a href="https://en.bitcoinhaber.net/solanas-struggle-and-potential-market-analysis-and-predictions" rel="noopener noreferrer nofollow">Solana</a> and various altcoins experienced a surge, some by more than tenfold. Currently, the cryptocurrency sector is buoyed by the advent of Bitcoin ETFs and the much-anticipated halving event, which keeps prices elevated.</p>
<h2 id="surge-in-bitcoin-cash-value">Surge in Bitcoin Cash Value</h2>
<p style="text-align: justify">Bitcoin Cash (BCH), one of the major cryptocurrencies, has significantly appreciated by over 37% in the week leading up to its halving event. Originating from a Bitcoin fork in 2017, BCH saw its value leap from $418.46 to a high of $600. The halving, which is set to occur on April 3, is expected to slash the block reward from 6.25 to 3.125 BCH, as per the four-year, 210,000-block interval schedule.</p>
<h2 id="bitcoin-cash-market-performance">Bitcoin Cash Market Performance</h2>
<p style="text-align: justify">Despite a minor 4% dip in the past day, Bitcoin Cash retains a value above $600 and holds the 15th position in market capitalization, with an $11.8 billion market cap. However, a 19% fall in the 24-hour trading volume to about $1 billion suggests a slowdown in trading activity as the market anticipates the halving.</p>
<p style="text-align: justify">While Bitcoin Cash prepares for its halving, prominent market analyst Rekt Capital points out the potential end of the multi-year macro downtrends for BCH, Dogecoin (DOGE), and Litecoin (<a href="https://en.bitcoinhaber.net/bitcoin-bounces-back-as-litecoin-eyes-growth-following-market-surge" rel="noopener noreferrer nofollow">LTC</a>). DOGE, the leading memecoin, trades at $0.2108 and is ranked 8th despite a slight 1% decline, following a 29% weekly increase. Meanwhile, Litecoin, currently priced at $103.31, has climbed roughly 20% over the week and is ranked 19th in market value.</p>
<p style="text-align: justify">In contrast to BCH’s imminent halving, Bitcoin is expected to experience its halving event later in the month, around April 19. This underscores a period of intense focus and speculation within the crypto community as these pivotal events approach.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/bitcoin-cash-surges-as-halving-event-nears" rel="noopener noreferrer nofollow">Bitcoin Cash Surges as Halving Event Nears</a></h5>

Bitcoin Cash Surges as Halving Event Nears

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