In the lead-up to its second-ever halving, Bitcoin Cash (CRYPTO:BCH) has seen notable price fluctuations, climbing 147.85% over the last three months, despite a recent 24-hour dip.

The halving occurred at 10:45 pm UTC on April 3, at block height 840,000, reducing miner rewards from 6.25 to 3.125 BCH.

Designed as a more efficient alternative to Bitcoin (CRYPTO:BTC), Bitcoin Cash operates on a proof-of-work blockchain, striving for quicker and more affordable transactions.

Following its first halving on April 8, 2020, which cut miner rewards from 12.5 to 6.25 BCH, this recent halving further signifies its evolving ecosystem amidst speculative market movements.