Bitcoin Cash (BCH) has seen a significant increase of 37% within the last week prior to its upcoming halving event. BCH, a result of a Bitcoin hard fork in 2017, is currently trading at $573.39, showing growth from $418.46 a week ago.

The halving event for Bitcoin Cash is scheduled for April 3rd, occurring every four years at intervals of 210,000 blocks. After this event, the block reward for Bitcoin Cash will decrease from 6.25 BCH to 3.125 BCH.

Reaching the 15th position in the crypto market rankings, BCH has also shown a 6% increase in the past 24 hours. On the other hand, Bitcoin's halving is expected to take place on April 19th.

Rekt Capital, an anonymous crypto analyst on X, shared insights with his 438,600 followers that Bitcoin Cash, Dogecoin (DOGE), and Litecoin (LTC) have all either broken their longstanding downtrends or are currently in the process of doing so.

DOGE, the leading memecoin by market capitalization, is priced at $0.219 presently, witnessing a 17% rise in the last 24 hours and a remarkable 44% surge over the past week.

In contrast, LTC, a network facilitating peer-to-peer payments, is trading at $94.31 as of now. As the 23rd crypto asset in terms of market cap, LTC has seen an increase of nearly 9% over the past seven days.