Market is becoming bullish

[vc_row][vc_column][vc_paragraph text=”Crypto assets continue their recover this week. The large capitalization coins have got double-digit profit, and the several exchanges have announced the increase of new users’ registrations and KYC verifications.“][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”Bitcoin will likely be growing since the traditional markets and central banks continue suffering from COVID-19 economic crisis.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”The mini recover of the bounded assets with double-digit profit continued last week. The market’ benchmark and the asset with the largest capitalization, BTC, has shown impressive 13% growth.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”The second and the third largest crypto assets – ETH and XRP have grown by 13% and 8% respectively. The total market’s capitalization has increased by 14%”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”The two factors might be the reason for the bullish trend which helped crypto to overcome the Dow Jones and S & P 500 indexes. The BlockTower investment director Ari Paul wrote on his Twitter, “We haven’t seen such a strong interest in Bitcoin since 2017”.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”A number of crypto exchanges have reported about the surge of new registrations noticed over the last month. “][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”Thus, Kraken has recorded 83% growth of registrations and 300% growth of verifications (users make verifications when they choose KYC for instant balance recharges). “][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”It was suggested that the COVID-19 crisis encouraged new buyers to purchase crypto as the traditional financial systems were raising concerns.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”Governments haven’t managed to hold the pandemic, and most of the global economies are facing unemployment that influences the assets’ prices and the supply chains are blocked all over the world. “These factors have pushed many people to buy crypto as a kind of protest”, said Kraken strategist Pierre Roshard.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”Due to the crypto prices increase and in response to reports of the growth of retailers’ interest the crypto assets class may overtake the traditional stocks and commodities in short term perspective.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”And furthermore, the bulls also have the Bitcoin awards and the upcoming halving scheduled for mid May.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”After the halving BTC reward will be 6,25 BTC instead of the current 12,5 BTC. These predetermined pattern of deficit and deflationary arrangements move the BTC and digital assets further away from the traditional assets that rely mostly on the monetary policy of central banks and the rescue package.”][/vc_column][/vc_row][vc_row][vc_column][vc_heading title=”April, 8 – BCH halving” size=”medium”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”The largest BTC’s fork Bitcoin Cash (BCH) will get block reward reduction this Wednesday. It is expected that Bitcoin-SV, third biggest fork, will get half the block rewards in the next 50 days.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”Miners will see all of the three SHA-256 chains and will have to distribute the resources between the three chains depending on the mining profitability.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”So the BTC Cash miners will get lower block reward, and this may alienate miners. The BCH price have grown by 12% in expectation of halving.”][/vc_column][/vc_row]