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Bitcoin’s (BTC) April Recovery is Still not a Real Bull Run

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Bitcoin

Cryptocurrencies are finally back on track, or at least — that is how it appears to be. After a disastrous 2018 which knocked the prices of all coins down by at least 80%, the first few months of 2019 brought stability. However, the coins did not remain inactive for long, and they already started moving back up as early as in mid-February.

February and March were marked by a struggle to grow, and after two months of effort, the growth finally came on April 1st. April is the month that allowed digital currencies to experience a first real surge in well over a year. Not only did the coins’ prices grow, but they managed to remain at the newly-reached levels for over a month now, promising a brighter future to traders and investors.

Bitcoin itself barely managed to grow past $4,000 in February and March — only to see a 22% large growth in April and exceed $5,300 within only two days. The price was trying to find stability after such a large jump, and it took the entire April to reach it. At the time of writing, the BTC price sits at $5,405.95, after 0.31% growth in the past 24 hours.

This situation also allowed Bitcoin to complete its third positive month in a row, thus confirming an important shift that came with 2019. As always, notable events such as this are always causing crypto experts to try and predict what might come next. Crypto enthusiasts themselves are interested in what to expect, while traders and investors need to know it in order to choose the best strategies when dealing with crypto. In other words — there is no lack of demand for predictions and educated guesses.

What to expect from crypto in the future?

While knowing what to expect is greatly appreciated in and out of the crypto world — making accurate predictions is quite hard to do. In fact, when it comes to a highly-volatile and unpredictable crypto industry, it pretty much borders the impossible.

Of course, the overall perspective appears to be optimistic, as the price drop has stopped, and time of slow but steady recovery appears to be at hand. Even so, a lot of experts remain suspicious and cautious, believing that the crypto space is still not done with the bearish trends.

The CEO of crypto hedge fund BitBull Capital, Joe DiPasquale, recently stated that there is still much room for caution in the industry. According to him, Bitcoin has been rising steadily in the past few months. However, this is still not a bull run, and being too relaxed considering the circumstances might easily lead to sudden losses.

The managing director of crypto-to-crypto derivatives platform Amulet, Marouane Garcon, agrees with this. He himself believes that the market has yet to show signs that it can sustain a bull market. Then, there is Tom Lee, Fundstrat Global Advisors’ head and managing partner, who is more optimistic, believing that the crypto winter is over.

While his view is much more optimistic, a lot of investors still have the bearish trend fresh in their memory, and they too remain cautious.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Altcoins

XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

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Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.

NFTs are already being actively traded in markets globally. For…

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Bitcoin

Wisebitcoin Launches Professional-Grade Crypto Exchange

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Infrastructure is developing rapidly in the cryptocurrency industry, but the recent launch of the Wisebitcoin cryptocurrency exchange is nonetheless significant in terms of the immediate value it provides to cryptocurrency users. That’s because the exchange has had a beta version available since 2018 while continuing further developments in stealth mode, and already serves over 1.2 million end users with $6+ billion in 24 hour trading volume at the time of its official launch.

In addition to the large user base and deep liquidity, Wisebitcoin also stands out by offering up to 100x leverage to margin traders, with the ability to open a long or short position in their futures market. In the current bullish environment, leverage is a key way that experienced traders increase their exposure and try to profit from volatility.

For example, if a user opened a long position on ETH on January 2nd at a price of $750, they could have greatly multiplied their profits with even a small amount of leverage such as 5x as ETH reached over $1,100 within 48 hours. A simple unleveraged position would have netted $350 in profit, but a 5x position would have netted $1,750 and a 100x leveraged position would have netted an incredible $35,000 in profits from an initial investment of just $750. 

Beyond leverage, Wisebitcoin additionally offers a simple and…

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Bitcoin

ISW Holdings Continues to Transition Cash Assets into Bitcoin with $20K Purchase Ahead of Mining Launch

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ISW Holdings, Inc. (OTC: ISWH) (“ISW Holdings” or the “Company”), a global brand management holdings company, is pleased to announce that it is in the process of converting $20,000 of the Company’s cash holdings into Bitcoin. The Company also announces that it will be regularly conducting similar transactions on a quarterly basis to convert a percentage of cash flows into Bitcoin.

Management expects this transaction to be completed this week. The Company began transitioning cash resources into Bitcoin with an initial transaction in March 2019 at approximately $4,000/Bitcoin.

“We believe in the future of Bitcoin and digital payment systems, and cash represents an unproductive asset given the degree of monetary expansion, stimulus, and debt dragging down traditional currency systems,” commented Alonzo Pierce, President, and Chairman of ISW Holdings. “We are also on schedule to launch mining operations through our Pod5 solution at the Bit5ive renewable energy project by the end of January.” 

The Company formed a joint venture partnership with Bit5ive, LLC, (“Bit5ive”) in May to build and deliver an elegant, powerful, and efficient data center pod design. The Proceso Pod5ive Datacenter is the result. Designed in partnership with Bit5ive, and geared primarily for the cryptocurrency mining industry, the Proceso Pod5ive Datacenter offers next-generation dynamic self-management functionality, plug-and-play operation, virtually non-existent maintenance needs, and an industry best-in-class 1.06 Power Usage Effectiveness score.

The Company’s first mining pod is set to…

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