Bitcoin's (BTC) April Recovery is Still not a Real Bull Run - Global Coin Report
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Bitcoin’s (BTC) April Recovery is Still not a Real Bull Run

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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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Bitcoin

As Global Tensions Grow, Bitcoin Price May Go Higher

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BTC Surged Again as A Safe Haven Asset During Global Tensions

  • India – China Border Conflict

After weeks of squabbling and brawling along their long-disputed border, hundreds of Indian and Chinese soldiers engaged in a deadly clash Monday in a river valley that’s part of the region of Ladakh last week. Troops had massed on both sides of the border in recent months in the northern India region of Ladakh and the southwestern Chinese region of Aksai Chin, causing global concerns of a potential escalation between the two.

  • North and South Korea Clash

Last Tuesday, North Korea destroyed the liaison office it jointly operates with South Korea in the city of Kaesong, just north of the demilitarized zone that separates the two countries. 

North Korea also said it would send troops to now-shuttered joint cooperation sites on its territory, reinstall guard posts and resume military drills at front-line areas in a violation of separate 2018 deals with South Korea. Jeong said South Korea will take “immediate, swift and corresponding” steps to any North Korean provocation.

The tensions grown in Asia and the potential “second wave” of coronavirus in the United States may add more difficulties to the global economic recovery. Thus, Bitcoin, as a safe haven asset, attracts more investors to…

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CoinFlip Continues to Dominate the U.S. Cryptocurrency ATM Market

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Although cryptocurrency has brought in a lot of traders seeking the dream of overnight wealth, cryptocurrency is a lot more than just striking it rich.  Cryptocurrency is about creating a new market with companies that are building cutting edge technology in an effort to continue elevating our way of life.  As the crypto market continues to expand, several companies are involved in creating ways for more people to participate.  One such company that appears to be making all the right moves is CoinFlip.

CoinFlip is the world’s leading cryptocurrency ATM operator that currently allows users to buy and sell 10 different cryptocurrencies including BTC, ETH, LTC, DASH, TRX, KMD, LINK, BNB, XLM, and USDC.  Due to the company’s quick growth, CoinFlip has quickly gained a reputation of being the place to go for all crypto ATM transactions.  In addition to its massive geographic coverage, there are four advantages that CoinFlip currently offers over its competitors:

  • Lowest fees of any cryptocurrency ATM in the world
  • Lightning-fast transactions that are typically completed between 10 and 30 minutes
  • Extremely easy customer verification
  • 24/7 customer support through phone, text, and chat

Given the global pandemic currently facing us, many companies have been struggling just to survive.  CoinFlip, on the other hand, is not only surviving but thriving.  The company has had an exciting few months and has even bigger plans…

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Cryptocurrency Fraud is Evolving; Bitcoin ATMs Mitigate Risk 

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Cryptocurrency Fraud is Evolving
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In one of the more overlooked aspects of the crypto ecosystem, it appears that the bulk of illicit activities are shifting from hacks and thefts to cryptocurrency fraud and scams.

CipherTrace, the crypto-surveillance, and analysis firm released a report at the end of Q4 2019 that revealed hacks and thefts had decreased by 66 percent in 2019 while fraud and misappropriation of funds surged by 533 percent. And beneath the COVID-19 hysteria of 2020, hacks in the crypto sector have been eerily isolated. 

Outside of a few exploited flaws in P2P exchanges and DeFi flash loan vulnerabilities, the headline-grabbing hacks of exchanges for hundreds of millions of dollars have been absent so far this year. Is the industry due for another massive hack, or are stringent KYC/AML processes, regulatory crackdowns, better security practices, and blockchain surveillance working? 

KYC/AML Improvements Are Reducing the Appeal of Crypto Exchange Laundering 

2020 is far removed from the no-KYC wild west days of the early-mid 2010s where anonymous altcoin casinos preponderated and the Dark Underbelly of Cryptocurrency Markets thrived. 

Today, bitcoin and the crypto ecosystem is becoming institutionalized with a surfeit of derivatives (e.g., options, futures, perp swaps, etc.) available on…

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