The first week of April was phenomenal for Bitcoin traders who managed to keep their spirits up since the early days of the year. There were no April Fools pranks on the cryptocurrency markets for 2019; nearly all major tokens enjoyed gains, and Bitcoin trading volume was particularly inspiring. Heading into the first weekend of the month, BTC/USD had already touched the $5,000 mark a couple of times, and volatility was mostly measured. April Fools turned into April Bulls, and technical analysts who thought a pullback towards $4,096 was imminent were ultimately disappointed.
The Latest Developments of Bitcoin Investment
There are a couple of fundamental developments to discuss in April; even though they may not be the strongest signals of a rally, they are still on the horizon. The first development is the number of active Bitcoin wallets, which has been climbing in recent weeks, a clear sign that the world’s most valuable cryptocurrency is still getting the attention of new investors. The second development is related to the BTC blockchain; Bitfury, a renowned provider of enterprise blockchain solutions, announced a new partnership with a medical data tech firm that seeks to improve the management of consent agreements issued by patients participating in clinical research studies. This partnership will run on a legacy Bitcoin blockchain, and this is unusual because most medical smart contract applications prefer the Ethereum blockchain.