As the halving date for Bitcoin Cash (BCH) approaches, the cryptocurrency has experienced a significant 37% increase in the past week. BCH, created as a hard fork of Bitcoin in 2017, has seen its value rise from $418.46 to $600 in recent days.

According to calculations by NiceHash, the halving for Bitcoin Cash is projected to occur on April 3. This event happens every four years, with the block reward decreasing from 6.25 BCH to 3.125 BCH.

Current BCH Price

Despite a 4% decline in the last 24 hours, BCH continues to trade above $600 and holds the 15th position in market value with a market cap of $11.8 billion. The 24-hour trading volume of BCH has decreased by 19%, indicating a slowdown in investor transactions as the halving event approaches.

The halving for Bitcoin is expected to take place on April 19, according to calculations. Analyst Rekt Capital has suggested that BCH, Dogecoin, and Litecoin may have broken out of their downward trends or are in the process of doing so.

Dogecoin is currently trading at $0.2108, with a 1% drop in the last 24 hours but a 29% increase over the past week. Litecoin, ranked 19th by market value, is seeing buyers at $103.31 and has experienced a 20% increase over the past seven days.

This information was originally posted on COINTURK NEWS: Crypto Currencies Maintain Momentum into 2024