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Bitcoin Forks Flounder Despite Imminent Halvings


Bitcoin Forks Flounder Despite Imminent Halvings

With the halvings for Bitcoin Cash (BCH) and Bitcoin SV (BSV) failing to drive a surge in demand, it appears that their block halvings may turn out to be non-events. Despite their halvings, BCH and BSV exhibited normal volume, and strong correlation with the crypto markets at large.

Bitcoin forks fail to attract demand heading into halvings

While at least six cryptocurrencies prepare to reduce their miner rewards in 2020, the market only appears interested in the forthcoming BTC halving. Within 48 hours of this writing, Bitcoin SV (BSV) will become the latest crypto asset to halve its block reward. Despite this upcoming event, BSV has largely remained steady against BTC in recent weeks — with today’s 11.6% rally from 0.0258 BTC to 0.0288 BTC comprising the first signs of pre-halving demand. Read More...