RATE Group | Cryptocurrency News Roundup for April 7, 2020
87266
post-template-default,single,single-post,postid-87266,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Cryptocurrency News Roundup for April 7, 2020

02 May Cryptocurrency News Roundup for April 7, 2020

Posted at 20:01h in Cryptocurrency News by

Because the BCH halving is happening about a month ahead of Bitcoin’s next halving, observers are wondering if it will provide us a peek into the widely-anticipated event in May.

More on that and other important news in BeInCrypto’s cryptocurrency news roundup for April 7.

Will BCH Halving Predict Bitcoin’s Future?

The Bitcoin network is looking much healthier as its halving approaches. With less than 37 days to go, prices and on-chain metrics for BTC are improving.

As previously reported by BeInCrypto.com, several key metrics such as hash rates, Puell Multiples, and MVRV ratios, are now turning bullish. But once again, if the global economy continues on a downward spiral in the wake of the COVID-19 pandemic and ensuing country-wide lockdowns, it might hurt Bitcoin’s prospects in the weeks ahead.

On that count, it would be interesting to see how the market reacts to the BCH halving tomorrow. There could be some interesting points for the BTC community to…

Source link

Tags:
, , , , ,