Bitcoin Cash (BCH) has witnessed a significant surge of over 37% in the past week, fueled by the anticipation of its upcoming halving event.
Halving Date and Block Reward Reduction
BCH’s halving is scheduled for April 3rd, as per NiceHash. This event occurs every four years, reducing the block reward by half. On April 3rd, the current reward of 6.25 BCH will be cut to 3.125 BCH.
Market Performance
In the past 24 hours, BCH has gained over 6%. This surge follows a similar upward trend in other cryptocurrencies, including Dogecoin (DOGE) and Litecoin (LTC).
Analyst’s Perspective
Crypto analyst Rekt Capital believes that BCH, DOGE, and LTC are breaking out of their long-term downtrends. DOGE has risen by nearly 44% in the past week, while LTC has gained 9%.
Disclaimer
The opinions expressed in this article do not constitute investment advice. Investors should conduct thorough research before making any high-risk investments in cryptocurrencies.
