20 Apr Cryptocurrency News Roundup for April 9, 2020
After sailing smoothly above the support level around $7,000 for a bit, Bitcoin
BUY NOW suddenly retreated to the high-$6,000s in the early hours on Friday. A correction at this point is to be expected, but traders are on the edges of their seats waiting to see if BTC can handle another leg up.
Even though the price is now just barely below the $7,000 mark as of press time, it was the lowest that BTC has dipped since April 6. Some analysts are of the view that Bitcoin is not out of the woods yet and could head lower into its third halving next month before eventually hitting all-time highs sometime around September.
On that note, let’s quickly skim through some of the major new developments that have transpired in the cryptocurrency space on Thursday.
Analyzing the Halving Effect on Bitcoin Cash and Bitcoin SV
So, the ‘halving season’ for the now-separated Bitcoin family finally kicked off on April 8 with Bitcoin Cash (BCH) undergoing its first-ever…