Bitcoin Cash (BCH) experienced a 10% increase in price, surpassing $700 following its reward-halving event which reduced the block reward for miners. Meanwhile, the overall cryptocurrency market remained relatively stable, with Bitcoin (BTC) seeing a 2% uptick during the same period. Of note, Bitcoin Minetrix, a token with ties to Bitcoin mining, attracted significant attention by raising $12.8 million in its presale. This has positioned it as a promising option for early investors.

Following BCH's halving event at block 840,000, the coin saw a 25% rally and emerged as one of the few gainers in the crypto market which was mostly stable. This halving aligns with the four-year cycle common to Bitcoin, from which BCH was forked in 2017. The effects of this event were evident in an increase in BCH futures open interest to $663.9 million from $506 million prior to the halving.

Bitcoin Cash's price surged to a two-year high of $719 on April 5, recovering by over 25% post-halving after dipping to $561 earlier. Analysts have observed that despite the reward reduction, BCH's price doubled in the past month, counterbalancing the cost for miners. With Bitcoin's upcoming halving event on the horizon, there is the potential for a bull market given historical trends.

As investors anticipate the impact of Bitcoin's halving, many are turning to Bitcoin Minetrix for potential returns. This cloud-mining platform allows users to earn Bitcoin through tokenized cloud mining, offering a more accessible and cost-effective approach compared to traditional methods. The platform has raised over $12.8 million in its ICO, further increasing interest in its $BTCMTX tokens. Operating on Ethereum, Bitcoin Minetrix aims to enhance cloud mining efficiency and eliminate fraudulent practices in the industry. Users can earn cloud mining credits by holding $BTCMTX tokens, which are exchangeable for mining power. This system is facilitated by smart contracts that automate credit allocations, ensuring security and transparency in operations.