Bitcoin Cash Surges 11% Post-Halving, Bitcoin Holds Above $66K

1 min read
Source: CoinDesk
Bitcoin Cash Surges 11% Post-Halving, Bitcoin Holds Above $66K
Photo: CoinDesk
TL;DR Summary

Bitcoin Cash (BCH) surged 10% after completing its reward halving event, while bitcoin (BTC) remained mostly unchanged at just above $66,300. The halving event reduced BCH's block reward to 3.125 BCH, leading to increased interest in leveraged bets on expected price volatility. The cryptocurrency market as a whole showed little change in the past 24 hours, with some tokens like Ether (ETH) and BNB Chain’s BNB seeing slight gains, while others like dogecoin (DOGE) and XRP experienced minor declines. Analysts expect the current market lull to be temporary, with traders likely waiting for macroeconomic catalysts before making significant moves.

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