Bitcoin Cash (BCH) recently completed its halving, reducing its mining reward by 50% and tightening the cap on new tokens entering circulation. This event led to a 10% price increase in BCH within 24 hours, making it one of the top gainers in the cryptocurrency market. Despite this surge, BCH is still trading 84% below its all-time high of $4,355 reached in 2017.

Similar to Bitcoin (BTC) halving, BCH’s block reward is now fixed at 3.125 BCH until 2028. On-chain monitoring tools suggest that April 20 was Bitcoin’s halving day, with both institutional and retail demand supported by spot BTC ETFs approved earlier this year. Historically, BTC and the broader crypto market have experienced volatility before halving events.

Corey Wilton, co-founder and CEO of Mirai Labs, believes that the market may see different outcomes post-halving compared to previous cycles. Wilton anticipates volatility as institutional investors analyze the effects of the halving in the long term. Retail investors tend to react quickly to market changes, but institutional funds may take more time to adjust, potentially disrupting the expected results.

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