Cryptocurrency news for today April 15


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Cryptocurrency news for today April 15

Cryptocurrency news for today April 15

  • It will be easier for Chinese miners to survive halving

  • Bitcoin loses correlation with gold and defensive asset status

  • The first signs of a reversal appeared on the market

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The growing interest in the topic of bitcoin halving was recorded by Google Trends statistics. Meanwhile, Bitcoin is losing its bullish momentum and correlation with gold, which is actively storming new heights to the delight of Peter Schiff. Bitcoin futures are recovering from the crash and technical analysts have spotted signs of a possible bullish breakout, but overall uncertainty remains in the market. Vitalik Buterin criticized the idea of ​​mining on a smartphone, and the Bitcoin developer proposed a new way to store coins.

Cryptocurrency news for today April 15

Read about how things are in the cryptocurrency market, as well as about the key events that have occurred in the cryptocurrency industry over the past day, in our daily digest..

Mining on phones is nothing more than stupidity, Buterin is sure

The co-founder of the Ethereum ecosystem has doubts about the future of the idea of ​​mining on mobile devices. Vitalik Buterin, one of the founders of the Ethereum (ETH) cryptocurrency ecosystem, commented on the release of a new smartphone from HTC called EXODUS 1S, which will be able to mine the anonymity-oriented cryptocurrency monero (XMR). More details

Bitcoin Futures Recover After Sharp Drop In March

Cryptocurrency news for today April 15

The amount of open positions in Bitcoin futures contracts finally began to rise after an unprecedented drop in March. There is a steady growth now. Their numbers fell sharply when the cryptocurrency market crashed by about 50% on March 12, but now there are signs of a recovery. Interest in BTC futures is recovering, although it is still far from even the January levels. More details

Halving Bitcoin halving cuts the number of new coins created and earned by miners in half. This happens about every four years and … More bitcoin will hit everyone, but Chinese miners will get off with a slight fright

Chinese miners will survive the block reward cut better than others, according to Matthew Graham, CEO of Sino Global Capital. The coronavirus pandemic has destroyed the way of life of many people and put entire industries on the brink of survival. It is not yet clear how we will get out of all this, and how it will all end. More details

Nothing in common: gold and bitcoin are completely uncorrelated

For a long time, cryptocurrency experts have tried to find the correlation of the main cryptocurrency – bitcoin with gold. Some even argued that the price of MTC directly depends on the value of gold in the market. However, the current dynamics shows an inverse relationship. During the financial crisis caused by the coronavirus pandemic, gold is the only asset that proved to be a defensive asset and could only strengthen in value against the backdrop of falling stock, commodity and foreign exchange markets. For the first time since 2012, gold surpassed the $ 1,700 mark and is now trading at $ 1,710 an ounce. Since March 19, 2020, gold has increased in value by 34%, and, as experts say, the precious metal will only continue to strengthen in the market. More details

Bitcoin halving has become a hot topic on Google

The number of searches on Google about Bitcoin halving has broken previous records set during the previous halving in 2016. According to Google statistics, an increasing number of people are typing the query “bitcoin halving” into the search line in anticipation of this event, coming in mid-May on the BTC network. More details


Cryptocurrency news for today April 15

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