Hassan Maishera
TL;DR
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BCH is one of the best performers in the market after rallying by 40% over the last few days.
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The rally comes ahead of Bitcoin Cash’s halving event next week.
BCH Rallies Higher as Community Prepares for Halving
BCH, the native coin of the Bitcoin Cash ecosystem, has been one of the best performers in the market over the last few days. The coin is up by 9% in the last 24 hours, the second-best performer amongst the top 20 cryptocurrencies by market cap, behind Dogecoin.
At press time, BCH is trading at $582, up by 40% in the last seven days. The rally comes ahead of the Bitcoin Cash halving next week. The Bitcoin halving will occur on April 4th. The current block reward is 6.25 BCH, but after the next halving, it will be 3.125 BCH.
The best performer amongst the leading cryptocurrencies is Dogecoin. DOGE is up by 11% in the last 24 hours and is now trading above the $0.20 level for the first time since December 2021. The coin’s historic price action suggests that it is showing similar fractals that have preceded significant rallies.
Meanwhile, Bitcoin, the world’s leading cryptocurrency by market cap, continues to trade above the $70k mark. BTC is up by 1.8% in the last 24 hours and now trades at $70,452 per coin.
