BCH, BSV Block Halvings Will Force Miners to Bitcoin (BTC) — Report

Bitcoin (BTC) miners will continue to capitulate due to low prices, but upcoming events for Bitcoin Cash (BCH) and Bitcoin SV (BSV) will fuel the turmoil, says a new forecast. In the latest edition of its State of the Network reports on March 31, Coin Metrics argued that Bitcoin was in a spiral of miner capitulation. This, it said, would get worse before it got better. Coin Metrics expects “pattern of capitulation” Despite BTC/USD recovering over 70% in two weeks since hitting lows of $3,700, prices are still “almost certainly…

Bitcoin (BTC), DASH, BSV, BCH, CRO

The world is in a state of panic due to the coronavirus pandemic. People are fighting over toilet paper, which shows the extent of nervousness. At such a time, even investors are likely to show irrational behaviors. The governments are attempting to calm the markets by supplying enough liquidity, which is likely to run into trillions of dollars. However, even after that, the world economy might slip into a global recession. The head of operations at Genesis Mining Philip Salter said that if the economic crisis does not deepen further,…