Bitcoin Cash Sends Bitcoin Traders Warning Sign About Halving

Bitcoin cash has been seen a proxy for the upcoming halving of rewards on the Bitcoin blockchain.Bitcoin's fourth mining reward halving, a programmed 50% reduction in the pace of supply expansion, is just eight days away. This event, scheduled to happen every four years, has historically presaged multi-month bull runs.

According to algorithmic trading firm Wintermute, BCH has been seen as a proxy for BTC's impending halving, meaning the leading cryptocurrency could face selling pressure after April 20. According to 10X Research, post-halving miner sales could make it more difficult for bulls to push prices higher in the upcoming summer months.

Source: Digital Coin News (digitalcoinnews.net)

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