Bitcoin Cash completed its second halving event on Thursday, about 16 days before the Bitcoin halving. Miner reward has been reduced from 6.25 to 3.125 BCH BCH price climbed nearly 15% on the day after noting an initial hiccup prior to the event. Bitcoin Cash , a fork of Bitcoin, completed its halving event on Thursday, marking the second mining reward halving for BCH. The asset’s price declined on Wednesday but quickly recovered and climbed nearly 15% on Thursday.
The event marks a key milestone for BCH since the asset’s open interest surged nearly 25% in response to it. Data from Coinalyze shows that the total open interest in BCH futures is $674 million on Thursday, up from $506 million on Wednesday, prior to halving. BCH Open Interest Statistics The anticipation surrounding the event pushed BCH’s price to a three-year peak of $705 on Monday. BCH price was hit by a correction on Wednesday and dipped to $561.
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Bitcoin Cash (BCH) Price IndexThe Bitcoin Cash (BCH) live price today is $372.56, changes over 24H (+1.91%). Current market cap is $7.19 B. All given information about Bitcoin Cash (BCH) updated in real-time.
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Bitcoin Cash open interest surges past $700M ahead of BCH halvingWith the Bitcoin Cash (BCH) halving looming, open interest in BCH futures perpetual contracts has surged to record highs, coinciding with a doubling of the BCH hash rate over the past week.
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