Bitcoin News today (4/4): What will be the next time?

On the market, there are 67/100 falling cryptocurrencies compared to the previous 24 hours. In which, Chiliz was the strongest copper with 8.64%.

Overview of the cryptocurrency market
Overview of the cryptocurrency market

Among the top 10 currencies by market value, 6/10 of the digital currencies gained against the previous 24 hours.

Top 10 cryptocurrencies by market capitalization
Top 10 cryptocurrencies by market capitalization

The total market capitalization of the digital currency recorded at 12:25 at US $ 188.69 billion, down slightly by US $ 2 billion compared to the previous 24 hours.

Total market capitalization of cryptocurrencies
Total market capitalization of cryptocurrencies

24-hour trading volume on the market decreased to $ 121.08 billion, $ 24 billion lower than on April 3.

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"The gloomy sky can last for months."

Bitlay CEO Richard recently said that the bear market is likely to continue for a few more months: “I personally think that the current gloom of the cryptocurrency market will probably last another 8 to 12 months. . "

He added:

"The current market reminds me of 2014 and 2015. At that time, the bear market exploded, causing the volume to plummet and the prices of copper plummeted and it was very difficult to make money at that time."

Cryptorun CEO Leonard also agreed with this view and said that the current gloom was not unexpected.

“I am waiting for the Halving Bitcoin event in May, to see if this event can pull the price of bitcoin up, otherwise I think bitcoin will probably take a long way to find momentum, at least the next 6 months ”.

China accuses exchanges of counterfeiting trading volumes

The National Internet Finance Association of China (NIFA), the self-regulatory organization of the Central Bank of China, says the world's cryptocurrency exchanges are falsifying trading volumes.

According to recent analysis, NIFA said overseas digital currency exchanges use "automated programs to polish and impact data to create the illusion of" prosperity "on money exchanges. virtual ”.

“In the analysis sample based on trading volume from several exchanges, the daily turnover rate of more than 40 currencies reached more than 100%, while more than 70 VND exceeded the threshold of 50%. Although the price is relatively low and the market value is small, the trading volume is extremely large, ”according to NIFA.

The control of the market is still a concern before now. Last year, Bitwise said 95% of bitcoin transaction volumes were faked. The Block also conducted research and found that 86% of cryptocurrency trading volume tends to be fake.

Binance donated US $ 2.4 million to provide medical equipment during the COVID-19 epidemic season

Binance said it is pouring millions of dollars into the fight against COVID-19

During a question and answer session on April 3, Binance CEO Changpeng Zhao said his exchange pledged at least US $ 2.4 million to purchase medical supplies needed for the COVID-19 epidemic and planned to raise up to 2. million dollars through the Binance Charity Foundation.

"We are collecting physical devices, masks and medical equipment, hoping to eventually be ventilators," Zhao said. He predicts the total amount of donation "is about $ 5 million."

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