Bitcoin Cash

Bitcoin

when

April

<h2 id="key-points">Key Points</h2> 
<ul> 
 <li>Bitcoin Cash halving is around the corner, and BCH recently hit its highest price since 2021 when it recorded its ATH of approximately $3,780.</li> 
 <li>BCH surged to about $697 recently before seeing a correction.</li> 
</ul> 
<p>The forked crypto Bitcoin Cash is making headlines just ahead of its halving after seeing its highest price performance since back in 2021.</p> 
<p>At the moment of writing this article, BCH is trading at $611 after hitting $697 recently. In the past seven days, the coin is up by $24.27% on <a href="https://coinmarketcap.com/currencies/bitcoin-cash/" rel="nofollow noopener" target="_blank">CoinMarketCap</a>.</p> 
<figure id="attachment_37822" aria-describedby="caption-attachment-37822" style="width: 100%" class="wp-caption alignnone">
 <a href="https://coinmarketcap.com/currencies/bitcoin-cash/" rel="nofollow noopener" target="_blank"><img decoding="async" class="wp-image-37822 size-full" src="https://crypto.ro/en/wp-content/uploads/2024/04/BCH_7D_graph_coinmarketcap.jpg" alt="Bitcoin Cash price " width="1038" height="470" title="Bitcoin Cash Halving Countdown; BCH Hits Highest Price Since 2021 10" srcset="https://crypto.ro/en/wp-content/uploads/2024/04/BCH_7D_graph_coinmarketcap.jpg 1038w, https://crypto.ro/en/wp-content/uploads/2024/04/BCH_7D_graph_coinmarketcap-300x136.jpg 300w, https://crypto.ro/en/wp-content/uploads/2024/04/BCH_7D_graph_coinmarketcap-1024x464.jpg 1024w, https://crypto.ro/en/wp-content/uploads/2024/04/BCH_7D_graph_coinmarketcap-768x348.jpg 768w, https://crypto.ro/en/wp-content/uploads/2024/04/BCH_7D_graph_coinmarketcap-750x340.jpg 750w" sizes="(max-width: 1038px) 100vw, 1038px"></a>
 <figcaption id="caption-attachment-37822" class="wp-caption-text">
  Bitcoin Cash price
 </figcaption>
</figure> 
<p>The Bitcoin Cash halving event is expected to take place on April 4.</p> 
<h2 id="bch-s-price-spike-triggers">BCH’s price spike triggers</h2> 
<p>The recent spike in price for BCH can be attributed to a few triggers.</p> 
<h3 id="bitcoin-cash-halving">Bitcoin Cash halving</h3> 
<p>First of all, the anticipation surrounding the upcoming<a href="https://crypto.ro/en/predictions/bitcoin-cash-bch-price-prediction/"> Bitcoin Cash</a> halving, which is scheduled to take place on April 4, has contributed to the bullish sentiment.</p> 
<p>The upcoming halving event will cut block mining rewards by 50%. This is expected to decrease inflation and make the coin more scarce. In the past, such events have caused the price of Bitcoin (BTC) to increase significantly.</p> 
<p>Bitcoin will experience its own <a href="https://crypto.ro/en/news/bitcoin-halving-21-days-to-go-1-trillion-injection-in-btc-via-etfs-predicted/">halving event</a> on April 20. Both BTC and BCH will have their respective halvings at the same block height. However, a change in the mining algorithm resulted in BCH having a different mining rate and, therefore, a different halving date.</p> 
<h3 id="roger-ver-places-the-spotlight-on-bch">Roger Ver places the spotlight on BCH</h3> 
<p>The second factor that may have triggered a spike in price for BCH is the fact that the coin has returned to the spotlight following the publication of a book by Roger Ver. This reignited debates about the ethos behind Bitcoin Cash and Bitcoin.</p> 
<p>From a technical point of view, BCH’s positive performance seems to be defying the overall market trends, and it’s worth noting that its bullish trend is not just a short-term phenomenon.</p> 
<p>The digital asset has more than doubled its price since the beginning of the year.</p> 
<p>Coinbase Derivatives <a href="https://crypto.ro/en/news/coinbase-enhances-crypto-trading-with-dogecoin-litecoin-bitcoin-cash-futures-from-april-1/">announced</a> the introduction of futures trading for Bitcoin Cash at the beginning of March.</p> 
<h3 id="bitcoin-cash-network-expects-an-update-in-may">Bitcoin Cash network expects an update in May</h3> 
<p>In 47 days, on May 15th, 2024, there will also be an update to the Bitcoin Cash network. This update will implement the CHIP 2023-04 Adaptive Blocksize Limit Algorithm.</p> 
<p>This algorithm is designed to have minimal impact on the existing dynamics and incentives within the Bitcoin Cash ecosystem.</p> 
<p>The current 32 MB cap will remain as the base “stand-by” value, and any increases by the algorithm will be supported by actual transaction volume as additional capacity.</p> 
<p>More information about this algorithm can be found on <a href="https://gitlab.com/0353F40E/ebaa" rel="nofollow noopener" target="_blank">gitlab.com</a>.</p>

Bitcoin Cash Halving Countdown; BCH Hits Highest Price Since 2021

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