Bitcoin closed March at $71,280, marking a 7-month rising series for the first time in its history. It also realised the highest monthly closing in its history. While the number one cryptocurrency left a successful month behind, investors focused on what could happen in April.
Halving will dominate the market
The main focus of April is expected to be halving. Current data shows that the fourth of the block reward halving that occurs every four years in Bitcoin will take place on 20 April.
CZ’s sentence will be clarified
The postponed sentencing hearing of Binance founder Changpeng Zhao will be held on 30 April. It is stated that Zhao, accused of violating anti-money laundering laws in the US, could receive up to 18 months in prison.
Halving will not only be in Bitcoin
Halving in April will not only be experienced in Bitcoin. Bitcoin Cash, created by the fork of Bitcoin, also has a halving. In the Bitcoin Cash halving on 3 April, block rewards will drop from 6.25 BCH to 3.125 BCH.
US inflation will be announced
Another important development this month will be the US inflation data to be released on 10 April. In his last statement, Fed chair Powell emphasised that the data has been bad in the last two months. Inflation data will be critical for the Fed’s interest rate policy.
Tesla and MicroStrategy balance sheets are expected
On 17 April, another development that may be critical for Bitcoin is Tesla’s balance sheet data… Whether there is any change in the Bitcoin assets of the electric vehicle giant will be closely monitored.
On 30 April, eyes will be on MicroStrategy, the public company with the most Bitcoin on its balance sheet. The company, which is worried about selling Bitcoin one day, has recently made a habit of announcing Bitcoin purchases along with balance sheet data. Another new Bitcoin purchase may be announced.
Doge day will be celebrated
Every year, 20 April is celebrated by the Dogecoin community as Doge Day. Last year’s Doge day was not bright. This year, as 20 April approached, the rise in Dogecoin was noteworthy.
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