April 2020 was a historic month for the cryptocurrency industry. On April 12th, Bitcoin (BTC) experienced its third halving—a pre-programmed event that reduces mining rewards by 50% every four years in order to ensure scarcity of BTC and control inflation. The much anticipated halving caused a surge in market sentiment as well as prices; within days after the event, the price of one BTC had risen from around $7000 to over $10,000 USD.
At the same time, other major cryptocurrencies such as Ethereum (ETH), Ripple (XRP), and Litecoin (LTC) saw significant increases in their value due to investor enthusiasm surrounding Bitcoin’s success. However, since then some have seen corrections or flatlined while others still remain very strong on hopes of future growth based on long term infrastructure development occurring across many blockchain networks this year alone.
The start of April also marked an increase in institutional interest towards digital assets with large financial firms entering into partnerships with various exchanges offering custodial services for crypto holdings – meaning more safety nets are being put into place for investors who may wish to take part but can’t yet trust themselves with storing their own private keys safely off exchange wallets like Ledger Nano X devices etc..
In addition to these developments taking place during April 2020; it has been reported that countries such as China have begun testing Central Bank Digital Currencies which could revolutionize global finance if adopted widely by governments worldwide – making it easier than ever before for people all over world access digital currencies without having any prior experience trading them directly through exchanges or peer-to-peer platforms like LocalBitcoins etc… This is just one example showing how quickly regulations are changing when it comes down cryptos & how important staying up date is so you don’t miss out!
