Following the end of March, in which the Bitcoin price closed the month with a loss of approximately 11%, April seems to be a little more active than March.
There are many cryptocurrency industry developments and critical economic data expected especially from the USA in April.
Bitcoin Cash (BCH), one of the most established altcoins in the cryptocurrency market and also a BTC hardfork, will go through an important halving event on April 3 and mining rewards will be reduced by half. BCH halving is expected to take place at 09:57 Türkiye time.
Annual inflation data of the Consumer Price Index (CPI) in the USA will be announced on April 10. This data has special importance for the FED's interest rate decisions.
April 19 stands out as the deadline for the SEC and Coinbase to agree on litigation settlement.
On April 19, the Bitcoin halving event, which the entire cryptocurrency market is eagerly awaiting, will take place. In this event, which takes place every four years, the rewards received by miners are reduced by half and thus the inflation rate of BTC also decreases. This is historically seen as a bullish development. Current predictions show that the halving will occur at 10:26 Türkiye time.
With the halving taking place, a new Bitcoin Ordinals protocol called Runes will be released.
A hearing will be held for the sentencing of former Binance CEO Changpeng Zhao on April 30.
EigenLayer's mainnet is planned to be launched at the end of April.
*This is not investment advice.
Salim babu