Cryptocurrency news for today April 6

CONTENT

  • The coronavirus pandemic will change attitudes towards the cryptocurrency industry

  • Traditional Investors Show Interest in Digital Assets

  • Technical indicators signal bitcoin bottom formation

International consortium of news organizations developing transparency standards.

The cryptocurrency market is trying to resume growth after sluggish performance over the weekend, while experts are discussing the impact of the coronavirus pandemic on digital assets. In particular, the epidemic may prompt the authorities to become more active in the development of the digital currency of central banks, and economic factors will push the population to use bitcoin and other coins to protect their savings. This trend is already taking shape, in particular, traditional investors are showing interest in new assets, and the growth in stocks of stablecoins on exchanges suggests that crypto traders are also preparing for mass purchases..

Read about the situation in the cryptocurrency market, as well as about the key events that have occurred in the cryptocurrency industry over the past day, in our daily digest..

Get ready for bitcoin bulls! Too many stablecoins accumulated on exchanges

According to research group Glassnode, the current stablecoin supply ratio has reached an all-time low. Conversely, the balance of USDT on exchanges has peaked, which could create the perfect storm in the cryptocurrency market. Glassnode characterizes the stablecoin supply ratio (SSR) as an indicator that characterizes the number of stablecoins available to buy bitcoins and thus influence the price of the main cryptocurrency. More details

Deutsche Bank: Coronavirus Pushes Central Banks To Accelerate With CBDC Paper bills and coins may be a thing of the past due to a new financial instrument – central bank digital currency (CBDC). As of … More

The speed at which the Chinese coronavirus pandemic is spreading has raised concerns among governments about the use of cash. Deutsche Bank, the largest financial conglomerate in Germany in terms of the number of employees and the amount of assets, believes that the COVID-19 coronavirus pandemic is accelerating the development of central bank digital currencies (CBDCs), as the use of fiat currencies poses a greater threat to society. More details

Coronavirus has created the worst crisis in the history of the IMF

Director of the International Monetary Fund (IMF) Kristalina Georgieva called the current economic crisis the worst in the history of the organization. She also added that the recovery process will be long. The head of the IMF announced her disappointing findings at a press conference at the World Health Organization (WHO) in Geneva. [CNBC]. Georgieva told reporters that COVID-19 has led to a financial collapse that is unparalleled. She estimates that this is much worse than the economic crisis of 2008, the year when the world economy froze. More details

Can Elon Musk Bring DOGECOIN to $1 ? | *OMGGG* | MUST SEE !!

Traditional investors have become actively interested in cryptocurrencies

Institutional investors are increasingly interested in investing in bitcoin following its recent drop and price decline. This is evidenced by the results of a study by the analytical company Acuiti. Since the beginning of the year, over 100 new instruments have been created for institutional investors that allow trading cryptocurrencies. For example, special trading conditions for institutional investors are offered by such cryptocurrency exchanges as Bitmex, Huobi, Bakkt, Coinbase, Deribit and others. More details

Bitcoin: indicators show that the bottom has already formed

It will be fair to say that recently the global financial markets have undergone changes, and bitcoin has become an exception, with some network metrics beginning to give bullish signals. Blockchain data provider Glassnode analyzes bitcoin charts and on-chain metrics to determine the nature of the change in sentiment after the massive sell-off in the digital currency market earlier last month. More details

 

Disclaimer

All information contained on our website is published in good faith and objectivity, and for informational purposes only. The reader is solely responsible for any actions he takes based on the information received on our website..

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The cryptocurrency market is trying to resume growth after sluggish performance over the weekend, while experts are discussing the impact of the coronavirus pandemic on digital assets. In particular, the epidemic may prompt the authorities to actively engage in the development of the digital currency of central banks, and economic factors will push the population to use bitcoin and other coins to protect their savings. This trend is already taking shape, in particular, traditional investors are showing interest in new assets, and the growth in stocks of stablecoins on exchanges suggests that crypto traders are also preparing for mass purchases..

Read about the situation in the cryptocurrency market, as well as about the key events that have occurred in the cryptocurrency industry over the past day, in our daily digest..

Get ready for bitcoin bulls! Too many stablecoins accumulated on exchanges

Cryptocurrency news for today April 6

Crypto Markets Update | Algorand ALGOUSD Price | Technical Analysis

According to research group Glassnode, the current stablecoin supply ratio has reached an all-time low. Conversely, the balance of USDT on exchanges has peaked, which could create the perfect storm in the cryptocurrency market. Glassnode characterizes the stablecoin supply ratio (SSR) as an indicator that characterizes the number of stablecoins available to buy bitcoins and thus influence the price of the main cryptocurrency. More details

Deutsche Bank: Coronavirus Pushes Central Banks To Accelerate With CBDC Paper bills and coins may be a thing of the past due to a new financial instrument – central bank digital currency (CBDC). As of … More

The speed at which the Chinese coronavirus pandemic is spreading has raised concerns among governments about the use of cash. Deutsche Bank, the largest financial conglomerate in Germany in terms of the number of employees and the amount of assets, believes that the COVID-19 coronavirus pandemic is accelerating the development of central bank digital currencies (CBDCs), as the use of fiat currencies poses a great threat to society. More details

Coronavirus has created the worst crisis in the history of the IMF

Director of the International Monetary Fund (IMF) Kristalina Georgieva called the current economic crisis the worst in the history of the organization. She also added that the recovery process will be long. The head of the IMF announced her disappointing findings at a press conference at the World Health Organization (WHO) in Geneva. [CNBC]. Georgieva told reporters that COVID-19 has led to a financial ruin that is unparalleled. She estimates that this is much worse than the economic crisis of 2008, the year when the world economy froze. More details

Traditional investors have become actively interested in cryptocurrencies

Institutional investors are increasingly interested in investing in bitcoin following its recent drop and price decline. This is evidenced by the results of a study by the analytical company Acuiti. Since the beginning of the year, over 100 new instruments have been created for institutional investors that allow trading cryptocurrencies. For example, special trading conditions for institutional investors are offered by such cryptocurrency exchanges as Bitmex, Huobi, Bakkt, Coinbase, Deribit and others. More details

Bitcoin: indicators show that the bottom has already formed

It will be fair to say that recently the global financial markets have undergone changes, and bitcoin has become an exception, with some network metrics beginning to give bullish signals. Blockchain data provider Glassnode analyzes bitcoin charts and on-chain metrics to determine the nature of the change in sentiment after the massive sell-off in the digital currency market earlier last month. More details

 

Disclaimer

All information contained on our website is published in good faith and objectivity, and for informational purposes only. The reader is solely responsible for any actions he takes based on the information received on our website..

Share Article

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  • BTC / USD
  • Bitcoin analytics
  • Coronavirus
Cryptocurrency news for today April 6
Cryptocurrency news for today April 6
Cryptocurrency news for today April 6

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