BCH USD 1D

Bitcoin Cash (BCH):
Bitcoin Cash is a cryptocurrency that emerged as a spinoff of the original Bitcoin blockchain.
It was created to address scalability issues and provide a more efficient electronic cash system.
BCH aims to be cheaper, faster, and more scalable than Bitcoin for everyday transactions.
Historical Journey:
August 2017: Bitcoin Cash was officially launched and distributed to Bitcoin holders at a ratio of 1:1 (one BCH for each Bitcoin held).
Similarities to Bitcoin:
Shared the same blockchain until the hard fork.
Total supply capped at 21 million.
Differences from Bitcoin:
BCH can support 25,000 transactions per block, compared to Bitcoin’s 1,000 to 1,500 transactions per block.
BCH’s price experienced significant volatility:
December 2017: BCH hit an all-time high of $4,355.62.
Bear Market: Lost 80% of its value over the next six months.
January 2021: A new bullish cycle began, driving BCH to a peak of $1,636 in May 2021.
June 2021: Price fell 75% to $40.
How Bitcoin Cash Works:
Users send and receive BCH on the blockchain using public-key information.
Miners compete to discover new blocks using proof-of-work consensus.
BCH uses the same SHA-256 hashing algorithm as Bitcoin.
Bull Market Comparison:
If we compare Bitcoin’s bull market cycles since its halving dates, we see growth percentages from each halving.
The longer the consolidation, the more explosive the markup tends to be.