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🔥💥5 developments that will shape the cryptocurrency market in April
Bitcoin closed the month of March at the level of 71 thousand 280 dollars and signed a 7-month rising series for the first time in its history. It also achieved the highest monthly close in its history. While the number one cryptocurrency has left behind a good month, investors have focused on what could happen in April.
1.Halving will dominate
Halving is expected to dominate the agenda of April. Current data shows that the fourth block reward #halving , which occurs every four years in Bitcoin, will take place on April 20.
Halving is not only in Bitcoin
Halving in April will not only happen in Bitcoin. There is also halving in Bitcoin Cash, which was created by forking Bitcoin (fork). Block rewards will be reduced from 6.25 BCH to 3.125 BCH at the Bitcoin Cash halving, which will take place on April 3.
2.US inflation to be announced
Another important development of this month will be the US inflation data, which will be announced on April 10. Fed chairman Powell, in his last statement, emphasized that the data had come bad in the last two months. Inflation data will be critical for the Fed's interest rate policy.
3.Tesla and MicroStrategy balance sheets are expected
On April 17, another development that may be critical for Bitcoin is Tesla's balance sheet data... whether there is any exchange in the electric vehicle giant's Bitcoin assets will be closely monitored.
4. On April 30, eyes will also be on MicroStrategy, the publicly traded company with the most Bitcoins on its balance sheet. The company, which is worried about selling Bitcoins one day, has recently made it a habit to announce that it is buying Bitcoins along with its balance sheet data. Another new Bitcoin purchase may be announced.
5.Doge's day will be celebrated
Every year, April 20 is celebrated by the Dogecoin community as #DOGE 's day. The Doge's day last year had not been a bright one. This year, the rise seen in Dogecoin was remarkable as April 20 approached.
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