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Bitcoin moves above $8,700 as optimism around the halving explodes
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Bitcoin moves above $8,700 as optimism around the halving explodes

BTC $8787 (+12.8%) • ETH $216 (+9.2%) • XRP $0.22 (+5.6%)

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CryptoSlate
Apr 29, 2020
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Bitcoin moves above $8,700 as optimism around the halving explodes
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Bitcoin is ticking up once again as the chatter about the upcoming halving skyrockets across social media platforms and news outlets.

Bitcoin is back above $8,000 fully erasing all the losses incurred during Black Thursday. The bullish momentum appears to be fuelled by the high expectations that market participants have about what the upcoming halving has to offer.

While Google searches for the keyword “bitcoin halving” are hitting all-time highs, Santiment reported that the chatter around this topic across multiple social media platforms is also exploding. The behavior analytics start-up affirmed that interest levels are rising alongside price showing signs of optimism among investors.

Read the full story here ➡️


More news ⏬

Wanchain-backed FinNexus expands to XRP Ledger for tokenizing real-world assets

Wanchain-backed FinNexus expands to XRP Ledger for tokenizing real-world assets

DeFi platform FinNexus and crypto exchange Bitrue announced on April 27 their joint initiative to incorporate asset tokenization services on Ripple’s XRP ledger platform and the Wanchain blockchain.

2 min read →


Cardano founder Charles Hoskinson: Founders must decouple from the cryptocurrency

Cardano founder Charles Hoskinson: Founders must decouple from the cryptocurrency

In the latest episode of the “Untold Stories” podcast, host Charlie Shrem discussed the topic of adoption in crypto with Charles Hoskinson, the founder of Cardano.

5 min read →


Forget flash crashes and liquidated loans — Here’s why DeFi is set to explode

Forget flash crashes and liquidated loans — Here’s why DeFi is set to explode

With the deepening global crisis, no markets have been spared. The volatility of ‘black Thursday’ in March saw all markets nosedive from traditional stocks to Crypto.

6 min read →


Chainlink continues onboarding new investors as bulls defend critical support level

Chainlink continues onboarding new investors as bulls defend critical support level

Chainlink has seen a notable recovery in the time following its latest selloff, with the cryptocurrency’s buyers defending it from dropping below the strong support that has been established around $3.50.

2 min read →


After halving, Bitcoin could rally 3,500% to $288k: Understanding PlanB’s “perfect fit” analysis

After halving, Bitcoin could rally 3,500% to $288k: Understanding PlanB’s “perfect fit” analysis

Early last year, a Bitcoin analyst going by the moniker of “PlanB” released an article titled “Modeling Bitcoin’s Value with Scarcity” to Medium.

3 min read →


What else?

🌍 Cardano (ADA) is looking to challenge subscription industry, launches African initiative

🖥 Parity Developer confirms Ethereum 2.0 “Schlesi” multiclient testnet is live

🛣 Circulating supply data signals XRP may be undervalued; analysts remain skeptical


Crypto market data

For more pertinent market data, please see:

🌚 Cryptocurrency Rankings

📈 Biggest Gainers - 24h

📉 Biggest Losers - 24h

💰 Highest Volume - 24h

🆕 Recently Added Coins


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Disclaimer: None of the content in this newsletter is meant to be financial advice. Please do your own due diligence before taking any action related to content within this article.

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Bitcoin moves above $8,700 as optimism around the halving explodes
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AI crypto market cap doubles to $25 billion in 20 days
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One year of Bitcoin ETFs and 1,100,000 BTC
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One year of Bitcoin ETFs and 1,100,000 BTC
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Ethereum’s planned blob increases insufficient to sustain L2 transaction growth
A tenfold increase in transactions on Ethereum layer-2 blockchains could present prohibitive costs to users.
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Ethereum’s planned blob increases insufficient to sustain L2 transaction growth
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