Oil Trading Negative for May Futures Contracts!

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This pandemic has been a first for everyone on the planet in lots of different ways: having to stay home all the time, no concerts, picnics, or parties — everyone is stuck in the same long tiresome loop.
However, we think the most unprecedented experience of this whole COVID-19 international meltdown has been the collapse in the price of oil. Who among our newsletter readers ever believed that oil prices would dip to -$35 for May futures contracts? They've been pumping so much oil they have to pay to give it away — which might be cheaper than turning off their wells.
Meanwhile, the price of Bitcoin has stayed in the same $6,000–$7,200 range for the past month since the March 12 crash. What's next?
Thank you all for listening to our first ever "Cointelegraph Talks," and a special thanks to Catherine Coley of Binance.US, Adam Traidman CEO of BRD and more. Join us again soon!
Here are some stories about how the tanking of the price of oil has affected crypto: 

4/22/20: Peer into the crystal ball: Will BTC halving echo fate of BCH and BSV?

Several crypto pundits point to the halving potentially having a significant impact on the BTC spot price. Indeed, Bitcoin's two previous halvings — November 2012 and July 2016 — have each been precursors to a new all-time price high for BTC.
Read more

4/22/20: Power Ledger rolls out blockchain-based solar energy trading in Western Australia

Australian blockchain firm Power Ledger has just signed a deal with the largest medium-density residential developer in Perth to roll out its blockchain-based solar energy trading platform for local residents over the next three years.

Read more

4/22/20: Bitcoin price hangs on to key support level as stocks and oil tip over 

The shockwaves from yesterday's explosion in the oil markets continued to damage oil prices, and shrapnel from the blast caused damage to equities today as U.S. markets closed in the red after a nearly three-week rebound.
Read more

4/22/20: Bitcoin price breaks $7,000 as U.S. stock market sees minor uptick

An experienced trader told Cointelegraph that it is important that Bitcoin broke the $6,950 level. He also explained that keeping the price over $6,400 is important to avoid a major downward movement, adding that if it manages to break $8,200, the upward volatility of the asset could increase greatly.
Read more
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