Bitcoin Cash Surges by 60% Ahead of Halving
Bitcoin Cash is experiencing a 60% surge over the past 10 days leading up to its halving scheduled for April 4, sparking significant interest.
Market Dynamics and Halving Anticipation
The increased interest in Bitcoin Cash comes amidst a larger context of speculation and investment strategy around halvings, known to historically precede bullish periods for the cryptocurrencies involved. In parallel, Bitcoin continues to hold its ground around $70,000, despite a week marked by volatility and anticipation surrounding major options expirations.
Dogecoin and Bitcoin Cash Emerge as Winners This Week
In a tumultuous week, Dogecoin (DOGE) stands out with a 45% increase, reminiscent of significant rallies in the past. As for Bitcoin Cash, the rising interest and bets placed on its future volatility are evident by a doubling of open interest on BCH futures, jumping from 213 million to 500 million dollars in just one week.
