04 Apr Cryptocurrency News Roundup for April 2, 2020 – BeInCrypto
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Most major altcoins ended the day in the green yesterday as Bitcoin
BUY NOW suddenly ventured to test the waters beyond the barrier of $7,000. It tested the next major resistance around $7,300 before retreating to the high-$6,000s.
At the time of publishing, BTC is down by only 0.5% on the day with the more optimistic among us anticipating it to resume yesterday’s rally.
Meanwhile, in other important crypto news from the past 24 hours:
Bitcoin Faces an Imminent Slowdown in Europe
The European Economy is currently in a ‘dire’ position as the COVID-19 pandemic continues to wreak havoc on pretty much a planetary scale, according to a recent analysis by Dutch multinational banking institution, ING.
The exact scale of the COVID-induced slowdown is yet to be known. However, fear of unemployment is rampant in the community and is causing people to spend less. Against this gloomy backdrop, it is highly likely that the spillover effect from this quasi-recession will…
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