Bittime - April will be an important month for the crypto world! Various events that investors are waiting for will occur and have the potential to influence market direction.
Renowned crypto journalist, Colin Wu, summarizes this list of important events, from new regulations, blockchain network improvements, to macroeconomic news.
Important Crypto Calendar in April 2024
1. Bitcoin Cash Halving (Early April)
The first week of April will start with an important event on the Bitcoin Cash (BCH) network. Precisely on April 3, this network will experience a halving, namely a halving of block rewards for miners. This can affect BCH supply and mining profitability.
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2. Changes in Exchange and AI Merger News (Early April)
Apart from the BCH halving, the first week of April will also be marked by the delisting of certain tokens on major exchanges such as Binance and Coinbase. Apart from that, there will be an update regarding merger rumors between well-known artificial intelligence (AI) based tokens, namely Fetch.ai, Ocean Protocol, and SingularityNET.
Also read: Differences between Bitcoin (BTC) vs Bitcoin Cash (BCH)
3. US Inflation Data (10 April)
The second week of April will be busy with the release of United States (US) Consumer Price Index (CPI) data for March. This data, although not crypto-specific, often influences market sentiment, especially for Bitcoin.
4. SEC vs Coinbase Lawsuit Continuation (Mid April)
The third week of April will determine the continuation of the US Securities and Exchange Commission (SEC) lawsuit against Coinbase. The two sides are targeting to reach an agreement by mid-April. Previously, a US court rejected Coinbase's request to dismiss this lawsuit.
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5. Bitcoin Halving (April 21-25)
The peak of the crypto buzz in April is the Bitcoin halving which is expected to occur between April 21-25. This event means a halving of Bitcoin rewards for miners.
Historically, several months after a halving, Bitcoin prices often reach new record highs. This is caused by the decreasing supply of Bitcoin which makes it increasingly scarce.
6. CZ Case Decision (End of April)
April closed with the US government's decision regarding the trial of Binance founder Changpeng Zhao (CZ).
Also read: Get to know Changpeng Zhao, the Ex-CEO of Binane
Impact of Crypto Events in April
The events above could have a significant impact on the crypto market. Bitcoin Cash and Bitcoin halving, for example, can cause high price volatility.
US CPI data and SEC vs Coinbase decision may also influence investor sentiment. Therefore, it is important for investors to pay close attention to these events and consider them in their investment strategies.
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Conclusion
April will be a month full of important events for the crypto world. Investors should pay close attention to these events and consider them in their investment strategies. With careful research and the right strategy, you can take advantage of opportunities in the crypto market and minimize risks.
How to Buy Crypto on Bittime
You can buy and sell crypto assets in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn Complete Guide How to Buy Crypto on Bittime.
Monitor price chart movements of Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
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DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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