Bitcoin Steps Through April Bullish

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2022-06-21 16:34:43

Market situation

Starting April, Bitcoin price continued to move sideways around $46,000. Altcoins have a strong increase in the past day such as ETH, SOL,…

This month is the awaited Bitcoin 2022 Miami event with the participation of many influential figures.

Let’s take a look at the BTC price history in April over the years. The site bitcoinmonthlyreturn.com has recounted the price of BTC from 2009 to present.

It can be seen that the BTC price in April of previous years has been mostly growth. On average, the growth rate of BTC price over the years is 37.25%. Let’s wait and see how the BTC price in April will fluctuate.

A report by Citigroup also shows confidence in the price growth of BTC. According to the company, based on four price prediction models, BTC price could reach as low as $20,000 to $50,000 (based on mining costs) and as high as $150,000 to $152,000.

Not only does Citigroup believe in BTC but a recent poll conducted by StarkWare shows the same. The survey asked 2,000 American adults of all ages to determine their views on the crypto world and its future developments. According to the results, as many as 53% of the participants see cryptocurrencies as the “future of finance”. And young people (aged 25 to 34) are more optimistic with 68% believing this. While in the 35 to 44 age group it is 61%, proving the theory that young people tend to be much more trusting than older generations.

However, only 17% of participants admitted they had invested in cryptocurrencies. The majority are constantly checking and adjusting their holdings. 82% said they have at least one crypto tracker on their phone, while 50% said they change their investment assets daily. Only 14% of investors let a week go by without making a change. The fact that investors change their portfolios daily, weekly (non-traders) shows that they do not spend a lot of time learning about the project they invest in.

Ukraine receives donations through the sale of NFT

Crypto continues to be known, seen, and exerted more and more influence. As in the war with Russia, Ukraine has received a huge amount of international support through crypto in a short time. Recently, in less than a day, the MetaHistory NFT Museum of Ukraine sold 1,282 works of art for 190 ETH on behalf of the Digital Converter. The total value Ukraine has raised is more than 600,000 USD.

The art depicted in the NFTs tells the story of Russia’s invasion of the country, illustrating ruined buildings, fallen soldiers and burning flags – all displayed under NFT format to formalize the events of the previous two months.

The NFT has found a new form of utility in the form of “war bonds” that we have never seen before, in the context of Russia’s sudden and impulsive invasion of the country. The money raised through the NFT can be used as war bonds to support the country’s defense, while helping Ukraine rebuild its cultural infrastructure.

Recently, the president of Ukraine, Volodymyr Zelenskyy signed the nation’s first cryptocurrency framework to give asset class legitimacy. The Virtual Property Law allows both foreign and Ukrainian cryptocurrency exchanges to operate legally in the country.

Some other information:

  • Brooks Wallace, head of communications at Blockchain.com, shared that the company has raised a Series D funding round at a valuation of $14 billion. The round was led by Lightspeed Venture Partners, Wallace said, with “substantial involvement” from UK-based independent investment manager Baillie Gifford. Blockchain.com is one of the oldest companies in the crypto space, founded in 2011. It claims to have 37 million verified users globally, with 82 million wallets created and over 1 trillion USD traded.

  • The recent announcement of the Ethereum team about POW to POS The Merge, although an exact date has not been given, it is believed that the transition to Proof-of-Stake will definitely happen around 2022. Tim Beiko predicts that Consolidation could take place in the summer while others have narrowed their predictions to May or June.

  • In a tweet Sunday morning, Trezor said it was investigating “a potential data breach of an opt-in newsletter hosted on MailChimp” and warned users to avoid opening emails from “[email protected] “. Attackers stole data on Trezor customer emails to send phishing emails to. Trezo also warns users to be careful with incoming emails.

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