Cryptocurrency news for today April 18 - BeInCrypto

Cryptocurrency news for today April 18 – BeInCrypto
CONTENT

  • Demand for cryptocurrencies continues to grow

  • Americans spend financial aid to buy bitcoin

  • Bitcoin keeps moving in range

Cryptocurrency news for today April 18 - BeInCrypto

International consortium of news organizations developing transparency standards.

The Trump administration handed out money to Americans to support them during the crisis, but some decided to use it to invest in cryptocurrencies. The growing demand is also confirmed by the increase in USDT emission – according to Tether, the minting of new coins is due to increased interest. The former head of Bakkt, implicated in an insider trading scandal, will lead the US economic recovery team. And bitcoin, meanwhile, continues to mislead with an obscure consolidation.

Read about the situation in the cryptocurrency market, as well as about the key events that have occurred in the cryptocurrency industry over the past day, in our daily digest..

Trump includes ex-head of Bakkt in the group for the recovery of the US economy

Cryptocurrency news for today April 18 - BeInCrypto

The task force to open up the US economy included all representatives of Congress except for Republican Senator Mitt Romney. US President Donald Trump has formed a task force of advisers to rebuild the US economic sector. The group also includes Kelly Loeffler, former head of Bakkt, a cryptocurrency delivery futures platform. Loeffler herself announced this on her Twitter page. More details

Coinbase has recorded a sharp influx of “helicopter money”

It looks like they decided to use the printed money to deal with the consequences of the coronavirus as an investment. Coinbase, a regulated US cryptocurrency exchange, has recorded capital inflows and transactions for the purchase of cryptocurrencies in the amount of $ 1200. The head of Coinbase announced this on his Twitter page. More details

Tether continues to mint coins in response to growing demand

The US Central Bank is not the only one actively using the printing press. The cryptocurrency industry has its own version of the Fed, and this is the Tether Treasury wallet that keeps releasing new tokens, increasing the supply in the market. Recently, practically not a single week has gone without whale alert messages about the appearance of several million more new USDT coins on the market. More details

Bitcoin: Weekly Close Will Define Crypto Bias

Cryptocurrency news for today April 18 - BeInCrypto

On April 16, Bitcoin touched a low of $ 6468, but quickly turned around and added 10% in a day, completing trading above the psychological mark of $ 7000. After a sudden rally, trader @CryptoCred posted a tweet in which he tried to predict the future dynamics of the main cryptocurrency. More details

Bitcoin at a crossroads: $ 8,000 or still $ 6,000

On April 16, Bitcoin touched a low of $ 6468, but quickly turned around and added 10% in a day, completing trading above the psychological mark of $ 7000. After a sudden rally, trader @CryptoCred posted a tweet in which he tried to predict the future dynamics of the main cryptocurrency. More details

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