News View Non-AMP

Bitcoin Cash Halving Reduces Reward; BCH Price Bounces Back

Published by
Qadir AK

The cryptocurrency world is buzzing with excitement as the highly anticipated fourth Bitcoin halving approaches in April 2024. However, before all eyes turn to Bitcoin, its counterpart Bitcoin Cash (BCH) has made headlines by completing its second halving early this morning.

This marks a significant milestone for BCH’s blockchain and sets the stage for changes in the crypto market.

Bitcoin Cash Halving: A Key Moment

Bitcoin Cash underwent its second halving in the early morning of April 4, reducing miner rewards from 6.25 BCH to 3.125 BCH per block at block height 840,000. 

While Bitcoin had its first halving on November 18, 2012, Bitcoin Cash had its first halving occurred on April 8, 2020, halving rewards from 12.5 BCH to 6.25 BCH.

Market Resilience

Before the halving, BCH experienced a slight dip in price, dropping by 9.94% to $572.21. However, it quickly bounced back post-halving, reaching $635.61. Over the past week, BCH has surged by 17.45%, and over the last month, it has seen a remarkable 41% increase, contrasting with Bitcoin’s recent dip below $66K in early April.

Anticipation Builds for the Bitcoin Halving

With Bitcoin Cash leading the way, attention now shifts to Bitcoin as it prepares for its fourth halving. Expectations are high for Bitcoin to reach a new all-time high or come close to its previous peak, reflecting the positive sentiment surrounding the leading cryptocurrency.

As the crypto community eagerly awaits Bitcoin’s halving, focus is also on its mid-May upgrade. This upgrade promises improved efficiency and scalability for the Bitcoin network, with plans to introduce an adaptive block size limit to enhance security and reduce transaction fees.

Polishing Up Bitcoin Cash

In sync with Bitcoin’s advancements, efforts are underway to scale up Bitcoin Cash’s block size limit according to transaction volumes. This move aims to enhance the efficiency of the Bitcoin Cash network, further solidifying its position in the market.

Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

Recent Posts

Can Future Pepe Finally End the Era of Meme Coin Rug Pulls and Scams?

We've all seen the devastating pattern—meme coins surge overnight, luring in enthusiastic investors, only to…

June 3, 2025

Altcoin Season is Coming? Data Says the Next Big Crypto Rally is Near!

It's been almost two weeks since Bitcoin hit an all-time high price. Meanwhile, the crypto…

June 3, 2025

Top 5 Altcoins for 10x Profit in Crypto Bull Run 2025

Bitcoin continues to trade within a tight range, hovering above the $105,363.38 mark while struggling…

June 3, 2025

Big Breaking: Ripple’s RLUSD Approved in Dubai, XRP Price Rallies

Dubai just gave Ripple’s new stablecoin a big win. The city’s financial regulator, the Dubai…

June 3, 2025

Ethereum (ETH) Price Analysis: Is $2,850 the Next Pitstop?

While the crypto market today has been ranging sideways, Ethereum has made decent moves both…

June 3, 2025

Solana Foundation Partners with Dubai’s VARA to Boost Blockchain Growth

The Solana Foundation has signed a Memorandum of Understanding (MOU) with Dubai’s Virtual Assets Regulatory…

June 3, 2025