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<a href="https://bitcoinworld.co.in/bitcoin-cash-bch-experiences-volatility-as-second-halving-occurs/" title="Bitcoin Cash (BCH) Experiences Volatility As Second Halving Occurs" rel="noopener noreferrer nofollow"></a>
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 <li style="font-weight: 400">Bitcoin Cash (BCH), the proof-of-work cryptocurrency forked from Bitcoin (BTC), faced a brief downturn in its three-month rally shortly after halving.</li>
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Bitcoin Cash (BCH), the proof-of-work cryptocurrency forked from Bitcoin (BTC), faced a brief downturn in its three-month rally on Wednesday.&nbsp;
The dip occurred shortly after the blockchain completed its second-ever halving, an event that slashes mining rewards in half.
Bitcoin Cash underwent its first halving on April 8, 2020, reducing miner rewards from 12.5 BCH to 6.25 BCH.&nbsp;
Speculation surrounded the halving, driving BCH’s price up by 147.85% over the past three months and 24% over the last 30 days.
See Also: <a class="row-title" href="https://bitcoinworld.co.in/bitcoin-btc-becomes-more-volatile-than-ether-as-halving-approaches/" aria-label="“Bitcoin (BTC) Becomes More Volatile Than Ether As Halving Approaches” (Edit)" rel="noopener noreferrer nofollow">Bitcoin (BTC) Becomes More Volatile Than Ether As Halving Approaches</a>
However, in the day leading up to the halving, Bitcoin Cash experienced a 9.94% price drop, falling to $572.21, according to CoinMarketCap data.&nbsp;
Nevertheless, the cryptocurrency quickly rebounded after the halving, reaching $614. BCH is still down 2.40% over the past 23 hours.&nbsp;
The temporary price decline resulted in 24 hours liquidations totaling $4 million, primarily affecting long positions with $2.92 million, while short positions accounted for $1.08 million, <a href="https://www.coinglass.com/currencies/BCH" rel="noopener noreferrer nofollow">according</a> to CoinGlass.&nbsp;
The open interest has continued to surge, reaching $782 million.
Bitcoin Cash forked from Bitcoin in 2017 due to disagreements within the community regarding scaling and transaction fees.&nbsp;
In 2019, it experienced another split, causing controversy among miners as some had not upgraded to the new chain, resulting in wasted resources.
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Bitcoin Cash (BCH) Experiences Volatility As Second Halving Occurs

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