Billion

A new crypto scam originating in China and involving the loss of at least $1.1 billion worth of cryptocurrencies from more than 700,000 users is thought to be related to the previous Plus Token Ponzi scheme that also exited with some $2.9 billion.

Bitcoin ended the month of April with a monthly high of $9,498. During the next 24 hours, it has undergone significant downward revisions but then recovered back to $9,000 level.

In the past 24 hours, Bitcoin (BTC) has surged around 20%, skyrocketing to the $9,400 level. The volume of transactions also soared by more than double and increased the upward momentum.

Bitcoin has broken the $8,300 line, and this seems to have triggered strong bullish sentiment. The community anticipates its further growth.

Expectations are growing that Bitcoin (BTC) will increase further thanks to the halving that is approaching in less than two weeks. The current situation is convincing that the halving has a positive effect on the market.

The cryptocurrency market is showing an overall upward trend on April 26. Six of the top 10 cryptocurrencies by market cap surged, and four are lighting red indicating a fall. Bitcoin (BTC) aims to touch the $8,000 mark.

Bitcoin is closing the week as it progresses through the consolidation process in the rising trend on April 24. Cryptocurrency traders and hodlers are focusing on the upcoming halving. The overall mood and technical indicators of the market are positive.

Many popular cryptocurrencies, including Bitcoin (BTC), have opened the week in the red and BTC has receded to a little bit over $7,000 after it touched $7,300 mark. However, the market prices are on the right track to rally.

As Bitcoin continued to rise from April 17, 2020, it was predicted that its next goal would be $8,000. However, the coin has not managed to break $7,200.