Bitcoin Cash Undergoes Halving, Miner Profitability Falls – April 8

📈 30 Second Cryptocurrency Price Summary

Current Bitcoin Price$7,261

Bitcoin price has cooled off slightly from its upward streak, finding resistance just below the $7,500 mark.

Top-20 altcoins also appear to be taking a rest, as Ethereum and XRP fall 2% each. Almost all other top-20 coins appear to be in the red, aside from Bitcoin Cash rising 2.5%, and Bitcoin SV pumping 9%.

Top Stories for April 8, 2020 🔥

👉 Bitcoin Cash Undergoes Halving, Miner Profitability Falls

While Bitcoiners anticipate the BTC halving will occur in just over a month from now, Bitcoin Cash had its own halving event today, which slashed the block reward in half from 12.5 BCH to 6.25 BCH.

Miner profitability has subsequently fallen, an effect reflected in the network’s hash rate during the run-up to the halving, which fell by almost a third since mid-February.

👉 Online Bitcoin Courses Witness 300% Increase in Demand

Online learning platform Udemy has witnessed a surge of 300% in demand for Bitcoin-related classes, during the COVID-19 lockdown period.

They weren’t the only ones, as Coursera also reported a noticeable increase in requests for Bitcoin-based learning over the last month.

👉 Report Dispels Myth that Crypto is Mostly Used for Illegal Purchases

A survey data report by Visual Objects has shown that the items which are most purchased with cryptocurrency are food and clothing, each making up over 34% of all cryptocurrency spending.

The data dispels the myth that cryptocurrency is mostly used to purchase illegal goods, which 30% of people believe is the main use.