10 Days To The Halving As Bitcoin Decouples And Recovers From March 12 Crash: The Crypto Weekly Market Update

View in browser Weekly Crypto Market Update BTC $8,770 | ETH $212 | XRP $0.217 | Total Market Cap: $246 Billion Bitcoin's halving is right around the corner. It will slash the block reward miners get from minting new bitcoins in half and potentially reduce the supply of the cryptocurrency on the market. Historically, this has been a major bullish catalyst for Bitcoin as its price has so far increased substantially after the two previous halvings. The last couple of days have been nothing but impressive for the leading cryptocurrency as it managed to touch $9,500 before retracing to where it currently trades at around $8,800. The entire market followed, but what's perhaps is more important is that Bitcoin managed to detach itself from equity markets and gold. As the S&P 500 has still to recover from its crash in mid-March, Bitcoin has already regained its previous grounds and looks for fresh gains. Stocks, on the other hand, continue to feel the pressure of the coronavirus-induced financial markets as they struggle to chart gains. In 2020, Bitcoin managed to outperform both the S&P 500 and gold. Read The Full Market Update advertisement Price Analysis Overview of Bitcoin, Ethereum, Ripple, Stellar, and Chainlink This week we've taken a closer look at the performance of Bitcoin, Ethereum, Ripple, Stellar, and Chainlink. For an in-depth look, read more.  Bitcoin Decouples From Gold and Equities As Bitcoin stages its recovery, the cryptocurrency managed to decouple from the legacy equity markets and gold. Read more. Tencent Launches Blockchain Accelerator Leading Chinese corporation Tencent has launched a blockchain accelerator.  Read more. 91 Maritza, Plovdiv Bulgaria You received this email because you signed up on our website or made a purchase from us. Unsubscribe