Bitcoin Cash

Bitcoin SV

Bitcoin

April

<p>Every major cryptocurrency is going to be affected by the upcoming Bitcoin halving, and the Bitcoin hardforks – Bitcoin Cash (BCH) and Bitcoin SV (BSV) – are no exception.&nbsp;</p> 
<p>Both BCH and BSV-that are derivative forks of Bitcoin- have their own individual halving events. However, they are still affected by the Bitcoin Halving event which is barely four days away now.</p> 
<p>After a somewhat cold-response to BCH halving that occurred on 3 April 2024, market players have now started speculating whether the BCH price will cross the $1000 price mark post Bitcoin Halving.</p> 
<p>A Bitcoin hard fork is a change in the network protocol of blockchain, thereby splitting the chain into two separate branches. Despite the forks having inherited the technical architecture of Bitcoin, they have their own individual halving events same as Bitcoin and it majorly influences their economy.&nbsp;</p> 
<p>Bitcoin Cash had its own first halving in 2020 which successfully enhanced the BCH price and its economy. During the first halving, BCH was trading nearly $250 which rose to $1,550 – recording a gain of over 520% over the period of 14 months till the cycle top. However, it was still far away from the all-time high of $3,324, marked during their launch in 2017 – according to <a href="https://coinmarketcap.com/currencies/bitcoin-cash/" target="_blank" rel="noreferrer noopener" data-wpel-link="external">data from Coinmarketcap</a>.&nbsp;</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-full">
  <img loading="lazy" loading="lazy" decoding="async" width="512" height="273" src="https://www.cryptotimes.io/wp-content/uploads/2024/04/Bitcoin-Cash-BCH-Price-–-Coinmarketcap.jpg" alt="Bitcoin Cash BCH Price – Coinmarketcap" class="wp-image-150146">
  <figcaption class="wp-element-caption">
   <em>Bitcoin Cash (BCH) Price – Coinmarketcap</em>
  </figcaption>
 </figure>
</div> 
<p>Now as the second Bitcoin Cash halving just occurred, it is expected that BCH price will march towards new highs in the crypto rally fueled by the Bitcoin halving. We know that halving is a major economic event for the Bitcoin ecosystem and its main aim is to combat against the BTC inflation and control demand and supply. This leaves a significant impact on Bitcoin, Bitcoin forks and other cryptocurrencies.&nbsp;</p> 
<h2 class="wp-block-heading" id="how-halving-on-bitcoin-cash-is-different">How Halving on Bitcoin Cash is Different</h2> 
<p>Bitcoin Cash possesses a faster blockchain network than Bitcoin in processing transactions and block mining. This is the main reason why halving on Bitcoin Cash occurred earlier than that of Bitcoin. Bitcoin Cash has only been through two halvings whereas Bitcoin will count its fourth halving on April 19. The latest halving on Bitcoin Cash chopped mining rewards from 6.25 to 3.125 BCH per block.&nbsp;</p> 
<p>Despite being a somewhat faster and lighter fork, Bitcoin Cash is facing lack of adoption and not having any key-performance indicators (KPIs) that could boost its market position further. The next few months will decide if Bitcoin Cash will survive or not as it has failed to show any remarkable stand since the hard-fork launch in 2017.&nbsp;</p> 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 <p>Also read: <a href="https://www.cryptotimes.io/2024/04/12/bitcoin-cash-open-interest-decreases-47-post-halving/" target="_blank" rel="noreferrer noopener" data-wpel-link="internal">Bitcoin Cash Open Interest Decreases 47% Post-Halving</a></p> 
</blockquote> 
<h2 class="wp-block-heading" id="faqs">FAQs</h2> 
<div id="rank-math-faq" class="rank-math-block"> 
 <div class="rank-math-list "> 
  <div id="faq-question-1713261931151" class="rank-math-list-item"> 
   <h3 class="rank-math-question " id="strong-is-bitcoin-cash-halving-different-than-bitcoin-strong"><strong>Is Bitcoin Cash halving different than Bitcoin?</strong></h3> 
   <div class="rank-math-answer "> 
    <p>Yes, halving on both Bitcoin Cash (BCH) and Bitcoin (BTC) blockchain are different.</p> 
   </div> 
  </div> 
  <div id="faq-question-1713261941439" class="rank-math-list-item"> 
   <h3 class="rank-math-question " id="strong-when-was-the-bitcoin-cash-halving-strong"><strong>When was the Bitcoin Cash halving?</strong></h3> 
   <div class="rank-math-answer "> 
    <p>The first halving on Bitcoin Cash occurred on 8 April 2020 and second halving occurred on 3 April 2024. Bitcoin Cash only had two halving since its launch in 2017. The next Bitcoin halving will occur in 2028.</p> 
   </div> 
  </div> 
  <div id="faq-question-1713261960185" class="rank-math-list-item"> 
   <h3 class="rank-math-question " id="strong-does-bitcoin-halving-impact-bch-supply-strong"><strong>Does Bitcoin halving impact BCH supply?</strong></h3> 
   <div class="rank-math-answer "> 
    <p>Bitcoin halving does not impact on BCH supply as Bitcoin and Bitcoin Cash both are different blockchain.</p> 
   </div> 
  </div> 
 </div> 
</div>

Will Bitcoin Cash (BCH) Cross $1000 After Halving 2024?

Spis treści

The Crypto Times

Inne artykuły opublikowane 16 kwi 2024

Bitcoin Price : Here’s Why BTC Price Falling?

Discover Crypto Excellence: BRISE, BEFE, and CENX Are Your Best Investments

‘Stake Solana with native teams,’ exec suggests – Here’s why

Bitcoin Readying For A 12-Year Bull Run To $650,000 If Bulls Take Charge: Analyst

Top Crypto Gainers Today Apr 16 – Aragon, OKB, Core, Bora

10x Your Investment? Top Altcoins Predicted to Skyrocket According to Analysts

Zapisz się na bezpłatny newsletter i otrzymuj codzień aktualności ze świata kryptowalut!