Global demand for crypto continues to skyrocket: What’s behind this trend?BTC $7187 (+6%) • ETH $164 (+14.6%) • XRP $0.19 (+7.7%)
Ad: StakedWallet is a next-generation crypto-wallet that will boost your returns daily — Sign up now Considering Bitcoin fell by nearly 50 percent during a single day in March, it may be easy to assume that interest in the cryptocurrency market is low; this would make sense, for a multi-billion-dollar asset to lose half of its value within a day would normally send consumers running for the hills. But interestingly, data shows that demand for Bitcoin and other cryptocurrencies is truly on the rise. Data shared by Yassine Elmandjra — a crypto-asset analyst at tech investment fund and research firm ARK Invest — shows that the “relative Google search interest” for the term “Bitcoin” is approaching all-time highs (first established at the peak of the 2017-2018 bubble) in “several emerging markets”: Peru, Guatemala, Zambia, Uruguay, Kenya, Nigeria, and Burkina Faso. More news ⏬Here’s why Basic Attention Token’s on-chain metrics are exploding as Gemini prepares listingGemini announced that it will be listing Basic Attention Token to its retail platform for U.S. cryptocurrency investors. Cardano (ADA) product managers say ITN a huge success, Byron reboot will solve major problemsIOHK’s product managers have said that the Shelley Incentivized Testnet (ITN) has been a huge success, with over 1000 stake pools created and 38 percent of the ada (ADA) supply delegated. Data metrics surrounding Bitcoin’s miner dynamics all point to a long-term bottomEver since Bitcoin’s capitulatory drop to lows of $3,800 seen in mid-March, investors and analysts alike have all been attentively watching for signs that these lows will ultimately mark a long-term bottom. Why crypto? U.S. bank forcefully closed due to “longstanding capital” issuesSome say the timing was coincidental, but Bitcoin and the entire crypto ecosystem was born seemingly in response to the issues in traditional finance exposed by the 2008’s Great Recession, during which banks holding billions of dollars started to collapse. This virtual conference will take place in a 3D World with the biggest names in blockchainThe rapidly spreading Coronavirus has sent far-reaching shockwaves around the globe, creating a ripple effect that has led to a mass cancellation and postponement of highly anticipated crypto conferences. Institutional money flooded into Bitcoin before $7,000 rally, data showsBitcoin saw a notable price surge late-last week that allowed it to surmount the resistance it was facing at $7,000 and run to highs of $7,300, which is the point at which it lost its momentum and incurred a notable rejection. What else?💳 StormX introduces rewards program, users get 87.5% crypto back on purchases 📈 Here’s why this grim monetary trend may be highly bullish for Bitcoin Featured event🗓 April 16-17 • Virtual Event This spring the crypto community will head online to participate in the first-ever BlockDown 2020 remote crypto conference and hear from visionary blockchain entrepreneurs and business leaders, including global music artist Akon, Co-Founder & Chairman of Akoin, Roger Ver, Executive Chairman of Bitcoin.com, and Bitcoin Educator Jimmy Song. Learn more Featured sponsors💳 Crypto.com - Founded in 2016 on a simple belief: it’s a basic human right for everyone to control their money, data and identity. With over 1 million users on its platform today, Crypto.com provides a powerful alternative to traditional financial services, turning its vision of ”cryptocurrency in every wallet” into reality, one customer at a time. Learn more 📈 AMFEIX - AMFEIX groups investors' funds into a pool that is managed by experienced traders on liquid exchanges. Our team of professional technical traders and analysts execute open market operations on a daily basis and make profits from the volatility. Learn more Want to be seen here? Contact us Crypto market dataFor more pertinent market data, please see: Connect with usDisclaimer: None of the content in this newsletter is meant to be financial advice. Please do your own due diligence before taking any action related to content within this article. If you liked this post from CryptoSlate, why not share it? |