Bitcoin Cash (CRYPTO:BCH) experiences price volatility following its recent halving event, dropping after miners' rewards were reduced from 6.25 BCH to 3.125 BCH.

Analysts attribute the temporary decline to a hashrate shift as miners focus on Bitcoin (BTC) pre-halving, impacting block production times on the BCH network.

Despite the dip, BCH shows signs of recovery, currently trading at $619, although still significantly below its all-time high.

As Bitcoin prepares for its upcoming halving, analysts anticipate unique dynamics influenced by increasing institutional adoption and spot Bitcoin ETF success.