20 Apr Cryptocurrency News Roundup for April 19, 2020
For the first time in weeks, Bitcoin
BUY NOW didn’t suffer any setback when the financial markets closed for the weekend. The proponents of the ‘Bitcoin safe-haven’ narrative might argue that the benchmark cryptocurrency has stopped following the global markets.
However, the likelier explanation perhaps would be that the stock markets did relatively well last week, which is probably why Bitcoin also stayed green over the weekend.
At the time fo publishing, the BTC price is hovering around $7,200 as it kicks off the new week.
Meanwhile, in other important news:
Institutional Investors Catching Bitcoin Fever Ahead of Halving
With Bitcoin’s next halving barely three weeks away, it looks like there is a growing influx of institutional investors diving into the asset class. Mega hedge fund Medallion of Renaissance Technologies is the latest to flock to trading Bitcoin.
Renaissance is a major New York-based hedge fund with some $75 billion in assets under…