01 Apr Cryptocurrency News Roundup for March 31, 2020 – BeInCrypto
[ad_1]
Bitcoin
BUY NOW closed the day slightly higher at just over $6,400 on March 31. That’s an increase of around 8.5% on the 24-hour scale. The Bitcoin dominance metric continues to linger around 66% with the total market cap ending the day at just over $118.6 billion and a four-day high volume.
Meanwhile, Bitcoin’s hash rate, which is often used as a key parameter to gauge the network’s overall strength, continues on the decline for the third consecutive week. However, the more optimistic among us are taking this as a positive indicator hinting at an impending rally.
The reasoning behind this bullish outlook is that with an increasing number of miners pulling the plug on their mining rigs, there will be a marked decrease in selling pressure provided by miners.
On that note, let’s have a quick recap of the other important cryptocurrency news that has transpired over the past 24 hours.
Crypto’s Mainstream Appeal Gets a Boost From Civic Wallet’s $1 Million…
[ad_2]
Source link