BLX Weekly Recap
Bitcoin Cash Halving Sparks Rally:
$BCH recently surged by 13% ahead of its anticipated halving event scheduled for April 4th. Historically, such halving events have heralded price increases for the token. This reduction in block rewards, from 6.25 BCH to 3.125 BCH, underscores the asset's scarcity and potential bullish trajectory. The surge in BCH's price is indicative of investor optimism surrounding the upcoming halving, with open interest in BCH-tracked futures more than doubling to $500 million, signalling increased bets on price volatility.
Welcome aboard! Bitcoin is #1 for a reason, but the small coins need to catch up. I think Litecoin, BCH and Dogecoin will also have an ETF wirhin a few years