Bitcoin Cash (BCH) has left this period behind, while users are counting the days to halving in Bitcoin.

The second halving was completed in Bitcoin Cash, which was created by forking from Bitcoin in 2017. Block rewards decreased from 6.25 BCH to 3.125 BCH.

It dropped before halving, increased after halving

Just before the halving, BCH, which fell to $560, was dominated by the rise after the halving. In the first hours, the price increased by 14%, reaching close to $640.

On the other hand, the retreat in the hash rate, which refers to the total computing power of the hardware used for mining, attracted attention. The hash rate, which was 10 exahash on 1 April and 7 exahash yesterday, dropped to 3 exahash levels after halving. Bitcoin Cash hash rate was still at 3 exahash in mid-March.

Bitcoin’s turn in the halving

Now it’s time for the Bitcoin halving. The number one cryptocurrency will complete its fourth block reward halving on 19 April, an expected 15 days later. In a recent report, Coinbase analysed this halving in Bitcoin as similar to the first halving in terms of price movement.