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Cryptocurrency news for today April 28 – BeInCrypto

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What Caused Latest Bitcoin Pullback? | | BeInCrypto News

Cryptocurrency news for today April 28 - BeInCrypto

Cryptocurrency news for today April 28 – BeInCrypto
CONTENT

  • Investors are hoarding bitcoins in anticipation of halving

  • Bitcoin hides under the resistance line

  • Tether continues to mint coins as if nothing had happened

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Cryptocurrency news for today April 28 - BeInCrypto

Bitcoin has paralleled the US stock market again, but traders are still hoping to rise to $ 16,000 if the cryptocurrency manages to overcome key resistance. Meanwhile, according to the latest research, investors have started hoarding coins in anticipation of the halving, the outcome of which remains the subject of lively community debate. Tether issues 15 million more coins based on TRON blockchain, but this is just to replenish stocks.

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..

BitPay Adds Binance Stablecoin Support

BitPay, a major crypto payment system, has announced a partnership with the Binance crypto exchange. The company announced this in its blog. As part of the partnership, bitcoin processing will add stablecoins to its listing. With … More exchange Binance USD (BUSD). BitPay claims to have received a lot of positive feedback regarding the integration of the three stablecoins for the payment platform and the BitPay Merchants app. More details

Cryptocurrency news for today April 28 - BeInCrypto

Tether minted another 15 million USDT on the TRON network

The Tether Treasury crypto wallet continues to mint coins, issuing 15 million USDT tokens on the TRON network one year after signing a deal with TRON. Token As the use of cryptocurrencies grows, new types of tokens are emerging. They can represent value or something intangible like voices. Two … More is listed on several major exchanges like Binance. The ability of the management of some cryptocurrencies to freely issue and destroy tokens is a subject of heated debate, as in the case of Ripple, which owns most of the existing XRP tokens. This issue has again come to the fore after it was recently revealed that Tether Treasury has issued a large number of USDT tokens over the past few months. More details

Investors started accumulating bitcoin ahead of halving

Reducing the reward to miners is just around the corner. Bitcoin halving is believed to halve the number of new coins miners are creating and earning. This happens approximately every four years and … More will happen on May 12, due to which the bitcoin inflation rate will halve. Many analysts believe that it is the shortage of supply that will affect the significant growth of the bitcoin rate. According to the analytical resource Glassnode, over the past few weeks, a number of metrics show that more and more cryptocurrency investors are actively increasing their positions in bitcoin. More details

How much will bitcoin cost after halving: Danny Scott knows the answer

The third halving of bitcoin in 11 years of history will have an impact not only on cryptocurrency mining, which will change by dividing it in two, but on the entire crypto market as a whole. Firstly, not only will the reward for the mined block decrease, but the block generation rate will also decrease. To date, 18 million of the planned 21 million BTC have already been produced. This means that with each coin issued, the value of bitcoin should increase, and the cryptocurrency itself can be considered a scarce asset. Based on this logic, the price of the crypto coin should increase significantly after the halving. More details

Does Bitcoin have a chance to grow to $ 16,000?

During April-May 2019, Bitcoin was trading inside a rising wedge. This pattern is considered a bearish reversal pattern, however, the price made a bullish breakout and rallied 100 +%. It is noteworthy that the bitcoin rate (BTC) has remained within a similar rising wedge pattern since March 13, when the currency found its bottom. This prompted @RookieXBT, a popular trader in the crypto community, to consider the likelihood of a similar increase in BTC this time. To do this, he compared two rising wedges on the Bitcoin chart – 2019 and the current one. More details

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Cryptocurrency news for today April 28 - BeInCrypto

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