Crypto Market Value Gains $35 Billion in 24 Hours

Crypto Market Value Gains $35 Billion in 24 Hours

April 30, 2020 by CS Team
On Thursday, the entire market cap gained $35.3 billion in 24 hours, according to data from CoinMarketCap.com, led by a big jump in Bitcoin (BTC). This jump is broadly attributed to two factors: central bank monetary policy and the upcoming “Bitcoin halving,” which is happening in May. The so-called “halving” is a pre-programmed change in
Crypto Market Value Gains $35 Billion in 24 Hours

On Thursday, the entire market cap gained $35.3 billion in 24 hours, according to data from CoinMarketCap.com, led by a big jump in Bitcoin (BTC).

This jump is broadly attributed to two factors: central bank monetary policy and the upcoming “Bitcoin halving,” which is happening in May.

The so-called “halving” is a pre-programmed change in part of Bitcoin’s underlying technology (i.e. Blockchain), which will reduce the supply of Bitcoin coming onto the market.

Continue reading: CNBC.com

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