Crypto.IQ Daily Radio Show April 2nd: Bitcoin (BTC) Rallies To Over $5,000 And Total Crypto Market Cap Gains $18 Billion
On this edition of the Crypto.IQ Daily Radio Show we do a deep dive market analysis. Bitcoin (BTC) shattered the $4,200 long term resistance level just after midnight and rallied as high as $5,080. Data indicates that a coordinated buy of $100 million of Bitcoin (BTC) on three different exchanges triggered a massive short squeeze. The total crypto market cap gained $18 billion overnight, and now sits 65 percent above the bear market low of $100 billion. We discuss how the USD has lost 96 percent of its value since the launch of the Federal Reserve in 1913, and how a combination of stocks crashing, USD devaluation, and the May 2020 block halvening could lead to the biggest Bitcoin (BTC) rally in history in the next year or two. Learn about Coinbase’s international payment service which uses cryptocurrency to transfer funds across the world in a few seconds and for low fees, which is far cheaper and faster than standard international bank transfers. This shows the intrinsic value of cryptocurrency. Hear about how a Ripple (XRP) exchange traded product (ETP) has launched on the Swiss Stock Exchange.
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