Bittime - Bitcoin Cash (BCH), the cryptocurrency resulting from the fork of Bitcoin (BTC) in 2017, has just experienced its second halving.
Halving is a programmed event that occurs on a blockchain network , where the reward miners receive for solving a new block is cut in half.
In this second Bitcoin Cash (BCH) halving, miner rewards were reduced from 6.25 BCH per block to 3.125 BCH per block. The first halving of Bitcoin Cash (BCH) occurred in April 2020.
Bitcoin Cash (BCH) Price Movement
Ahead of the halving , the price of Bitcoin Cash (BCH) experienced a surge, rising 32% in the past month.
However, after the halving, the price fell 3% in the last 24 hours and is currently trading around $606. Market capitalization and trading volume also experienced a slight decline.
Check Today's Crypto Market:
Upcoming Upgrades
Bitcoin Cash (BCH) is preparing for an upgrade in mid-May that will introduce adaptive block size limits.
The system will automatically adjust the block size based on the latest transaction volume. The goal is to reduce spam attacks and transaction costs.
Also Read: 5 Halving Cycles You Should Know
Miner Adaptation
Hashrate (computing power used for mining) spiked before the halving, indicating that miners were adjusting to lower rewards. The network is now stable at the new hashrate.
Uncertain Future
The market response to the upcoming halving and upgrade will determine the short-term and long-term trajectory of Bitcoin Cash (BCH), especially compared to the upcoming Bitcoin halving event.
How to Buy Bitcoin Cash (BCH) on Bittime
You can buy and sell Bitcoin Cash (BCH) in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
Bitcoin Cash (BCH) is available on Bittime with the market pair BCH/IDR . To be able to buy BCH IDR at Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn the complete guide on how to buy Bitcoin Cash (BCH) on Bittime .
Monitor the price chart movements of Bitcoin Cash (BCH), Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also Read:
Crypto Staking Yields Skyrocket: Over 450% Higher Than S&P 500 Dividends
Ethena Adds Bitcoin as Supporting Asset to Strengthen USDe
Binance Adds Solana Meme Coins: WIF, BOME, and JTO, Something Unique!
Powerloom Opens New Ecosystem at Base, Strengthens Blockchain Data Access
DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
Comments
0 comments
Please sign in to leave a comment.