30 Apr Cryptocurrency News Roundup for April 29, 2020
Bitcoin
BUY NOW bulls are having quite the field day after the benchmark cryptocurrency soared nearly 20% on the 24-hour scale and is currently hovering just under $9,200. That’s significant considering there are only 12 days to go until the much-awaited Bitcoin halving
Bitcoin halving is when the amount of new bitcoin created and earned by miners is cut in half. This happens… More 2020.
Meanwhile, some skeptics say the coming halving may be ‘priced in’ and that it may end up being a non-event compared to 2016. More optimistic analysts, however, claim that Bitcoin could head lower into the halving, but will eventually regain strength and climb towards an all-time-high sometime around Sept 2020.
We’ll keep a close eye on how things move from here as we inch closer to Bitcoin’s third halving. Meanwhile, in other big news:
Crypto-Friendly CFTC Commissioner Resigns
Brian Quintenz, the CFTC Commissioner that managed to build a good rapport with the…