Plus, don't forget to withdraw your crypto as Purse.io is closing down |
Hello Bitcoiner,
This week’s changes:
Bitcoin is slowly moving above $7000. Could it be because of the upcoming halving? Bitcoin Cash is strongly keeping its value above $230 during this week. Do you think the third BTC halving will have an impact on the rest of the coins?
Prices are as of 9.30 a.m EDT.
Don’t miss any market movements.
Emergency Money for the People Act
Every qualifying American would get $2,000 a month until the U.S. unemployment rate returns to pre-pandemic levels. Lawmakers believe this is essential for Americans to cope with Covid-19. Under this proposal, any American citizen 16-years or older making less than $130K per year would
receive monthly funding from the federal government.
Bitcoin’s third halving - what to expect?
The block reward halving for BTC is approximately 23 days away. Crypto businesses and mining operations are gradually preparing for the event. According to a survey, 50% of miners expect a price increase after the next Bitcoin halving. Many crypto influencers think that the past events have shown that the price after the 2020 halving should rise significantly. What do you think? Comment your thoughts below this video where Roger Ver shares his view on the upcoming BTC halving.
Purse is closing down
The Bitcoin startup Purse.io, which allowed its users to purchase items on Amazon at discount rates using Bitcoin and Bitcoin Cash, is closing down. After six years of its launch the firm is open to acquisition opportunities. Don’t forget to withdraw your crypto from the website!
Will Covid-19 truly affect the price of cryptocurrencies?
Bitcoin and other major cryptocurrencies are soaring - pushing the combined value of the crypto market back again over $200 billion. The effect of the pandemic on the price of coins has been drastic. Bitcoin took a real cliff dive from roughly $8,000 to nearly $4,000 by the end of March and it had stabilized around $6,100. Although exchanges have seen bitcoin reserves withdrawn, this month showed that the prices started to slowly recover.
Former Bakkt CEO appointed to reopen America safely
Kelly Loeffler has been rewarded with a new appointmentby Donal Trump to reopen the economy. Loeffler tweeted "With 22 million Americans filing for unemployment, it’s clear we must start working to revive our economy and get the American people back to work safely.". It seems like the former Bakkt CEO is dedicated to making America great again.
