Here are the results of the first week of Up&Down accomplished by the Stepdrop Community and the weekly market trend

BTC Market

Analysis:

On Monday 11 Bitcoin successfully celebrated its third halving: this means that for the next 4 years (approximately), for each newly mined block the reward for miners will be 6.25 Bitcoins, compared to the previous 12.5.

This real “supply shock” (which brings the number of Bitcoins produced per day to 900), has not led to significant price movements.
At the moment the queen cryptocurrency is around $9600, always close to the psychological threshold of $10,000 (which it tried to overcome in the past days but without success).

In the next few weeks, an increase in volatility is definitely expected.

Bitcoin’s halving has brought great interest and hype to the entire cryptocurrency market, with international media coverage.

Rank: 1st

Market Cap: €162,573,452,728

Circulating Supply: 18,368,925 BTC

ETH Market

Analysis: 

Ethereum right now is at about $200.
Vitalik Buterin, its founder, has declared that the long-awaited Ethereum 2.0 will see the light by the end of the year.

After the halving, Eth 2.0 will certainly be the event to follow with more attention in a 2020 that is proving to be full of surprises for the cryptocurrency market.

Rank: 2°

Market Cap: €20,504,178,467

Circulating Supply: 110,938,029 ETH

We remind you that throughout the month of May you can buy on Young Platform Bitcoin with 50% discount on fees!

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