Market overview: March 30 — April 3, 2020

Friday is finally here, and here’s our new weekly digest for you. Check out our market analysis of the first week of April with the biggest stories of cryptocurrency and blockchain spheres.

Binance aquires CoinMarketCap

Cryptocurrency exchange Binance will acquire the biggest crypto market data provider CoinMarketCap. Binance CEO Changpeng Zhao announced that the deal was closed on March 31, although a verbal agreement had been reached “a few months ago.”

In an interview with CoinDesk, Changpeng Zhao stated: “It’s a really good website and I think we can help grow it further”. He also added that this deal “is the largest we have done so far”.

Mike Novogratz plans to “hang his spurs” if BTC doesn’t reach $20k in 2020

During his latest CNBC interview, the CEO of Galaxy Digital believes that 2020 could be Bitcoin’s big year. He also predicted that Bitcoin has a great chance to skyrocket by the end of this year, but Novogratz might give up on Bitcoin if its price doesn’t hit new all-time highs.

So, If you think that his prediction is accurate, and BTC is ready to skyrocket again, buy Bitcoin and hodl funds on Quantum.uk.

CoinMarketCap published a token which is “out of stock”

Toilet Paper Token was listed as an April Fools’ joke from CoinMarketCap team. Its price exceeded Ethereum and Bitcoin with the biggest volume, and a 1000% growth in 24 hours:

“Although modern industrialization has been able to successfully produce toilet paper for decades, the alarms sounded by the COVID-19 pandemic have made toilet paper a commodity of extremely high demand — so high, in fact, that it was out of stock in stores worldwide and caused societal unrest among customers.”