TL;DR
- April will be a crucial month for the crypto market, with several significant events expected that could chart new courses for the industry.
- Among them are halvings for BCH and BTC, delistings of some pairs, and token mergers.
- Additionally, the release of US CPI data, various SEC decisions, and CZ’s trial will be announced.
The month of April is filled with crucial events for the crypto industry. It is marked by a series of events that could influence the market direction. Among them, the highlight is the Bitcoin Cash (BCH) network halving, scheduled for the first week of the month. This event will halve the block rewards on the BCH network. It could impact BCH supply dynamics and mining profitability.
In addition to the BCH halving, the first week of April will also see the delisting of certain token pairs on major exchanges like Binance and Coinbase. There is also anticipation for updates regarding rumors of mergers between artificial intelligence tokens such as Fetch.ai, Ocean Protocol, and SingularityNET.
🗓️2024 Crypto April Calendar
Mark your Crypto events!1 Apr : Coinbase – $UNFI Delisting
2 Apr : $APT – "DeFi DAYS" Conference
2 Apr : FET·AGIX·OCEAN – Merger proposal
3 Apr : Binance – DREP·MOB·PNT Delisting
4 Apr : $BCH – Block Reward Halving
4 Apr : $JUP – $ZEUS Launchpad
5… pic.twitter.com/qfRAf1nrMg— Layergg (@layerggofficial) April 1, 2024
In the second week of the month, all eyes will be on the March Consumer Price Index (CPI) data in the United States. This index typically influences market sentiment, especially concerning Bitcoin. Additionally, this week also marks the deadline for the Securities and Exchange Commission (SEC) and Coinbase to reach a settlement in their litigation, after the US court ruled in favor of the SEC to proceed to trial.
Awaiting the Halvings in BTC and BCH
However, the most anticipated event by the entire community will arrive in the last week of April, with the scheduled halving for Bitcoin. The halving, which occurs approximately every four years, will halve the block rewards on the Bitcoin network. Historically, this event has led to an increase in Bitcoin’s price in the months following, as it introduces a scarcity factor into the cryptocurrency’s supply.
Finally, the last day of April will mark the scheduled date for the US government’s decision on the trial of Changpeng Zhao (CZ), founder of Binance. The trial and potential verdict are likely to have significant implications for the future of Binance and its position in the crypto market.
Key days are ahead for the crypto industry. From halvings to litigations, regulatory frameworks, and governmental decisions. We will be monitoring all developments to keep all community members informed.
