RATE Group | Bitcoin Cash rallies ahead of halving, Bitcoin stable above $7,200, ETH and XRP in the green
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Bitcoin Cash rallies ahead of halving, Bitcoin stable above $7,200, ETH and XRP in the green

26 Apr Bitcoin Cash rallies ahead of halving, Bitcoin stable above $7,200, ETH and XRP in the green

Posted at 01:48h in Cryptocurrency News by

  • Bitcoin Cash to under halving on Wednesday approximately a day before Bitcoin SV halving takes place.
  • Bitcoin Cash rallies to test $280 as investors position themselves for a possible rally above $300.
  • All the top three digital assets; Bitcoin, Ethereum and Ripple sustain gains above key levels of $7,200, $170 and $0.20 respectively.

The cryptocurrency market is being treated to a couple of halving events this week. Bitcoin Cash and its rival sibling Bitcoin SV will both undergo a mining reward halving. Halving is an event that reduces the reward miners get per block of coins mined. Bitcoin Cash halving is its first since it hard forked from Bitcoin in 2017. It is scheduled to take place on Wednesday and will have mining rewards slashed in half from 12.5 BCH to 6.25 BCH. On the other hand, Bitcoin SV halving will take place a proximately a day after that of BCH.

Bitcoin Cash price update

BCH/USD has surged 8% on the day as investors take their positions…

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