RATE Group | Bitcoin Cash (BCH) Price Surges 14% as ‘Halvening’ Nears
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Bitcoin Cash (BCH) Price Surges 14% as ‘Halvening’ Nears

05 Feb Bitcoin Cash (BCH) Price Surges 14% as ‘Halvening’ Nears

Posted at 17:46h in Cryptocurrency News by

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  • Bitcoin Cash led the cryptocurrency top ten on Wednesday with a 14% growth surge.
  • BCH shrugged off fears of a community split over an arbitrarily imposed tax on miners.
  • The coin’s “halvening,” or block reward halving, is scheduled for Apr. 8 – around a month before BTC’s.

Bitcoin Cash (BCH) gained 14% on Wednesday, with the majority of the growth occurring in a short four-hour burst. The bitcoin fork led the way in the market cap top ten, as the broader cryptocurrency market experienced a $12 billion influx.

Bitcoin Cash Jumps 14%

Almost exactly $1 billion of that figure went straight into bitcoin cash. From Tuesday’s low of $375.03, the unit value of BCH rose to $430.09.

Bitcoin cash underwent a 14% price surge on Wednesday afternoon. | Source: TradingView

That equated to 14.7% growth, and saw the coin’s market cap climb from $6.8 billion to $7.8 billion. For now, that cements bitcoin cash’s fourth place position in the market cap rankings,

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