Crypto Prices 20 Apr: Is Bitcoin Halving Rally Fizzling Out?

Cryptocurrency value soared in the last 24 hours

TOP 5 Gainers Coins

Crypto News Key Highlights:

• The USA and Nigeria plan discussions on digital economy, AI advancement. Deputy Chief of Mission at the U.S. Embassy announced this at an Abuja workshop closing ceremony. The partnership aims for safe, transparent AI deployment, bolstering economic ties. Nigeria's AI strategy emphasized by Dr. Bosun Tijani.

• Scammers exploited Google Ads to defraud crypto users through fake domains like "whaels.market," resembling legitimate sites such as "whales.market." Bleeping Computers identified multiple fraudulent Whale Market sites. These scams lure users with familiar interfaces, linking their wallets to drain assets. Vigilance against such scams, verifying URLs, and reporting suspicious ads is crucial.

• Before the Bitcoin halving, U.S. ETFs saw positive inflows after five days of outflows. Amid global strategies recommending Bitcoin for portfolios, April 19 witnessed $30.4 million inflow, negating a $47.6 million outflow. Notably, Fidelity Wise Origin Bitcoin Fund led with $54.8 million inflow. Previous halving events saw significant value appreciation over four years.

• Pro-XRP advocate John Deaton supports Coinbase customers in their legal battle against the SEC, offering to represent 4,701 of them as amicus counsel. Deaton emphasizes the importance of protecting individuals seeking financial growth. He's also campaigning for a Senate seat, out-raising Senator Elizabeth Warren in fundraising efforts.

• ZKasino's withdrawal issues and banned Telegram channel raise doubts on reliability. A large ETH holding and past fraud accusations fuel skepticism. Changes to the bridge interface deepen transparency concerns. MEXC's postponement of ZKasino listing adds uncertainty, leaving users unable to access funds, questioning the platform's future.

• Bitcoin's fourth halving event halves miners' rewards to 3.125 BTC, slowing its creation rate. Occurring every 210,000 blocks, this event reduces mining rewards, with the latest at block 840,000. Speculation surrounds its impact on Bitcoin's price, with bullish and bearish projections emerging. Miners adapt to maintain profitability post-halving.

• Shiba Inu's marketing lead, Lucie, highlighted Shibarium bridging as a hot trend in India's crypto scene. The emergence of BridgeToShibarium on X sparked curiosity, showcasing Shiba Inu's rising popularity. Recent token launches like PIKA and DAMN enhance Shibarium's capabilities, fostering optimism amid SHIB's price movements.

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Also read - Crypto Prices April 20: $64K Stability Amid Halving Frenzy