The Bitcoin Cash (BCH) halving has been completed at block #840,000, resulting in a reduction of miners' rewards from 6.25 BCH to 3.125 BCH. Despite a sharp fall in BCH's value, it has since recovered and continues to grow. BCH is a fork of Bitcoin that operates on the Proof-of-Work (PoW) algorithm, and this was its second halving event. The price of BCH had been increasing in anticipation of the event, with its value growing by over 147% since the beginning of the year. Meanwhile, Bitcoin's halving is expected to take place in 16 days and 2,000 blocks, with analysts predicting a surge in BTC's value.

Bitcoin cash (BCH) has seen the most significant improvement in market liquidity during Q3, making it a potential alternative cryptocurrency for traders anticipating market volatility. Liquidity refers to the market's ability to handle large buy and sell orders at stable prices, and BCH's increased liquidity means lower slippage and easier execution of big orders.

Bitcoin Cash (BCH) has made a strong recovery from its recent low of $180, reaching $214 in just two weeks. This has brought relief to short-term traders and renewed optimism for long-term investors who have been struggling since mid-June.

Tokenview data shows that there are still 220 days before the Bitcoin Cash (BCH) 2024 halving, with 31,734 blocks remaining. The halving is expected to occur on April 5, 2024, when the block reward will decrease from 6.25 BCH to 3.125 BCH.

Bitcoin Cash experienced a 27% drop in value from July 6 to July 25 due to miners selling off a significant portion of their reserves. However, large-scale buyers known as "whales" have started purchasing again, with those holding 100,000 to 10 million BCH increasing their holdings by 230,000 BCH over the past two weeks. This has raised optimism among the global Bitcoin Cash community and could lead to a sustained price recovery towards the $300 mark, but the bulls must first overcome the $280 resistance. If the whales stop buying, the price of BCH may drop to $200, but it has a strong support base of 461,000 investors who purchased 2.25 million coins at a minimum price of $228. If this support level fails, BCH could retrace towards $200. There is speculation that bullish whales may push the price above $300 in August.

Bitcoin Cash miners have been rapidly withdrawing funds from their reserves, indicating a potential decline in the altcoin's value. This comes after a surge in trading activity last month led to a 200% increase in price, prompting miners to capitalize on the opportunity. However, the price of Bitcoin Cash has since dropped by 28%, and the withdrawal of funds by miners could put further downward pressure on the price.

According to the official announcement, Binance Mining Pool launched Bitcoin Cash (BCH) mining service, which adopts FPPS settlement method. The mining income will be automatically deposited into the user's fund account before 18:00 (Eastern Eighth District Time) every day. BCH mining address: stratum+tcp://bch.poolbinance.com:8888 Port support: 8888, 3333, 1800, 443

Bitcoin Cash (BCH) has been experiencing a downtrend in July, with losses mounting for investors. The Market Value to Realized Value (MVRV) ratio shows that most holders who acquired BCH in the last 30 days are now 8% underwater.

The writer's opinion is presented and it is not financial, investment, trading, or other types of advice. Bitcoin Cash (BCH) has been struggling to close above $300 since July 2nd, and has failed to reclaim the $300 psychological level.

A crypto strategist with a large following is optimistic about Binance Coin (BNB) and Bitcoin Cash (BCH). The strategist believes that BNB is currently undervalued and could reach $300 or even $340 by the end of 2023.