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Bitcoin Cash Spikes 10% After Halving, Bitcoin Hovers Above $66K

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Shaurya is the Deputy Managing Editor for the Data & Tokens team, focusing on decentralized finance, markets, on-chain data, and governance across all major and minor blockchains.

Bitcoin Cash surged 10% after successfully completing its reward halving event that cut the block reward to 3.125 BCH.

Bitcoin Cash surged 10% after completing its reward halving event, becoming one of the few gainers in an otherwise tepid market as bitcoinBCH changed hands at $660 in European morning hours, a price level not seen since December 2021. The token remains 80% below a lifetime peak of $3,700 set in December 2017.

Bitcoin’s own halving is expected on April 20, trackers show, and has historically preceded a bull market for the token. The previous halving, in 2020, spurred a 1,000% run to a then-record high of $69,000 roughly a year and a half later.

 

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