• Bitcoin Cash’s mining reward per block has been reduced to 3.125.
• Spot ETF approvals might reduce the impact of BTC halving.

In the buildup to the Bitcoin [BTC] halving, which is set to occur in a couple of weeks, Bitcoin Cash [BCH] recently completed its halving process.

Leading up to the BCH halving, there were notable fluctuations in its price. Could these movements indicate what to expect with the BTC halving?

Bitcoin Cash sees a reduction in mining fee

Based on data from Nice Hash, Bitcoin Cash recently halved on the 4th of April at a block height of 840,000. This latest halving event decreased the mining reward from 6.25 BCH to 3.125 BCH per block.

It’s worth noting that BCH halvings occur approximately every four years, with the previous one taking place in 2022 and the subsequent one anticipated for 2028.

While Bitcoin Cash has witnessed notable price fluctuations in recent weeks, it experienced declines over the past few days.

How Bitcoin Cash trended

An analysis of Bitcoin Cash’s price trend showed a significant surge of 147.85% over the past three months and a 24% increase over the last 30 days.

However, in the days leading up to the halving event, it experienced consecutive declines. There was an over 9% decline just hours before the halving occurred. 

Examining its daily timeframe trend, Bitcoin Cash closed at around $593 on

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Author: Adewale Olarinde

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