China News by Thebittimes.Com

The Helium price surged 12% in the last 24 hours to trade at $5.90 as of 02:39 p.m. EST on trading volume that rose 7% to $66 million. This follows the trend of many Decentralized Physical Infrastructure (DePIN) tokens, which have been on a continuous rise in recent months. DePINs are projects that utilize blockchain technology to enable users to take ownership of their data. Helium Price Set To Soar Over The Rounding Bottom Pattern HNTUSD Chart Analysis Source: Tradingview.com The Helium price dropped in March from the $10 resistance level to the support level of $6.0. HNT then went to a consolidation phase at the beginning of April, with the bears winning the struggle for dominance to push the price down to the $3.6 support level. The $3.6 support level allowed the bulls to propel the price through a markup phase to the resistance around $6.0, forming what resembles a rounding bottom pattern. HNT is currently trading over both the 50-day and 200-day Simple Moving Averages (SMA

The US dollar has emerged victorious among its competitors, driving the currency dominance game to new levels. The USD has managed to gain prominence against global contenders, defeating competitors like the Yuan and Ruble in its wake.  However, the ongoing USD surge spell might get jinxed sooner or later as competitors around the world are inching towards magnifying the ditching dollar narrative. With ballooning US debt metrics, credit scores, and inflationary pressure, how long would one assume USD’s dominance to stay unscarred?  Also Read: What’s Happening Between the US Dollar & Japanese Yen in 2024? US Dollar’s Rise, Zenith, and Fall Source: stock.adobe.com The US dollar has emerged as one of the strongest currencies to lead the global financial space. The USD has been performing its best since the start of 2024, despite encountering eroding economic narratives. Per NYT, every major currency has fallen against the USD. Nearly 150 global currencies have weakened a

The Swiss National Bank is known exclusively for putting in robust measures to boost the value of the Swiss Franc. The Swiss currency is dubbed one of the strongest currencies to trade and interact with globally, boosting prospects for France to gain wider momentum. With Bitcoin gaining global prominence, several crypto stakeholders have been pushing SNB to explore BTC as a reserve currency. But SNB seems to have other plans.  While speaking at the bank’s annual meeting on Friday, Thomas Jordan, chairman of SNB, expressed his skepticism about Bitcoin, sharing his qualms about the digital asset. Also Read: China and Russia Limit Trading In The US Dollar No Bitcoin for Swiss Bank, adds Thomas Jordan, Chairman of SNB Source: PYMNTS.com The chairman of the Swiss National Bank, Thomas Jordan, has shared his novel view on Bitcoin. While speaking at the central bank’s annual general meeting, Jordan shared his qualms about adding Bitcoin as a reserve currency, outlining the flaws

Ethereum (ETH), a leading player in the cryptocurrency market, is currently facing a formidable resistance level at $3,200. This specific ETH price point has emerged as a significant barrier due in part to the substantial holdings of approximately 2.43 million addresses, which collectively possess 5.14 million ETH as detailed by crypto analyst Ali Martinez using IntoTheBlock data on X (formerly Twitter). #Ethereum faces a brick wall resistance at $3,200, where 2.43 million addresses hold 5.14 million $ETH. pic.twitter.com/44MEA0Xge3 — Ali (@ali_charts) April 29, 2024 As of the latest market data on April 29, Ethereum is priced at $3,172.98, marking a decrease of 4.5% within the past day and a modest retreat of 0.9% over the last week. Picks for you Recharging required: Can EV stocks bounce back from recent lows? 58 mins ago 3 cryptocurrencies under $0.10 to buy in May 59 mins ago Dolomite to launch its Lending Protocol with X Layer 2 hours ago B

A closely followed crypto strategist thinks that Bitcoin (BTC) is presenting a golden opportunity to long-term holders. Pseudonymous analyst Inmortal tells his 212,900 followers on the social media platform X that he sees Bitcoin rallying to a fresh all-time high in the coming weeks. According to the trader, the current Bitcoin consolidation is giving long-term BTC bulls a chance to accumulate at a level that offers a very favorable risk-to-reward ratio . “Gene ratio nal long entry BTC.” Source: Inmortal/X Based on the trader’s chart, he appears to predict that Bitcoin will rally to as high as $76,000 in the near term as long as support at $60,000 holds. The analyst also thinks that Bitcoin will not end its rally below $80,000, and believes BTC can print gains of as much as 119% from current levels before the bull market hits its highest note. “Three KEY IDEAS ON BTC: 1. We are NOT early, but if you already have bags, I think we still have a trend to ride.

Influe͏ntial figures such as Jac͏k͏ D͏or͏sey are endorsing c͏utting-͏edge start-ups͏ t͏ha͏t ar͏e ͏at ͏the fore͏front of i͏ntegrating sustainable energy solut͏ions int͏o ͏͏Bitcoin͏ ͏mining pro͏cesses. T͏his pivotal transition i͏s indi͏cative of a͏͏ trend to͏wards eco͏-cons͏ci͏ous practices wi͏͏th͏in a sector fr͏equen͏t͏ly ͏lambasted f͏or its ͏eco͏l͏o͏g͏ic͏al͏ to͏ll.͏ A͏ notable ex͏ample is Block’͏s ͏͏inn͏͏ovation of ͏a 3͏n͏m min͏ing chip,͏ steere͏d by Dorsey, which represents a significa͏nt stri͏d͏e towards establ͏ishin͏g an eco-͏efficien͏t and͏ planet-friend͏ly Bitcoin͏ mining in͏fra͏͏str͏uctur͏e. Such endorsements from influential figures signal a trans͏formative phase in the cryptocurrency mining domain, aligning with the global push for sustainability.  It is noteworthy that  three (3)  crypto stocks  have gone up more than 500% since 2023, which is a clear indicati͏on that this sector is evolving, prioritising ecological considerations alongside technological progress. New Crypto

The presence of the Solana network is back as one notable trader has earned $23 million through BONK , Dog WIF hat ( WIF ), and other meme coins . Indeed, LookonChain reported the massive profit earned by one trader who took full advantage of Solana ’s meme coin mania that has dominated most of the year. The trader reportedly realized profits on Friday for positions held in the two aforementioned meme coins along with Jeo Boden (BODEN). Throughout his investment journey to amass profits, the trade received $6.28 million from BONK , $9.51 million from WIF , and finally more than $7 million from BODEN. Source: Coinpedia.org Also Read: Solana (SOL) Falls Below $150, But a Rally May Still Be Forming Solana Meme Coin Trader Cashes Out $23 Million The debate within the digital asset market regarding the long-term viability of meme coins has been ongoing. Yet, it has not stopped the assets from leading investors to tremendously high profits. That was especially true for one in

The Bitcoin price is up a fraction in the past 24 hours to trade for $64,225 as of 06:50 a.m. EST. Trading volume has dropped by 7%, however, amid a broader market gloom. Despite the lull in the market, Bitcoiners and crypto enthusiasts remain strong in the market as some anticipate a parabolic move up. #Bitcoin getting ready for the next parabolic move up! pic.twitter.com/IRvzMNqcrZ — Mister Crypto (@misterrcrypto) April 26, 2024 Crypto Tony, a popular trader and analyst, says Bitcoin still has some upside potential left despite the recent all-time high of $73,777. New highs for #Bitcoin is inevitable IMO. I cannot see how that was the top — Crypto Tony (@CryptoTony__) April 26, 2024 Elsewhere, crypto market watchers are bewildered by the epic sale of the “Buy Bitcoin” sign shown behind Janet Yellen at a congressional testimony in 2017. Based on a Bloomberg report, the sign has sold for $1 Million at an auction conducted by Scarce City at PubKey. Pubkey is a Bitcoin-themed

The Grayscale Bitcoin Trust (GBTC) has broken an ETF record with its 72-day outflow streak. Indeed, the consecutive day’s mark has not been matched by any exchange-traded fund in history. Moreover, according to Bloomberg analyst Eric Balchunas, no ETF has ever come close to the mark. That record places Grayscale in rarified air as one of the most underperforming ETF products ever established. The investment vehicle has seen investors pull funds out of the offering consistently since its approval in January of this year. The record shows that it has observed outflows for more than 10 weeks. Source: embca.com Also Read: Grayscale CEO: Spot Ethereum ETF is a “Matter of When” Not If Grayscale Bitcoin Trust Breaks ETF Outflow Streak The digital asset industry had immensely high hopes for the market’s performance since the start of 2024. A significant part of that optimism was connected to anticipation regarding Spot Bitcoin ETF approvals. The investment products were greenlit

zug, SWITZERLAND, April 25th, 2024, Chainwire Velocity Labs is proud to announce a fiat to crypto onramp using Ramp Network through the integration of Asset Hub. Through it, Ramp will be able to service any parachain in the Polkadot ecosystem. Onramps from fiat to crypto have historically been one of the biggest pain points with regard to DeFi accessibility. Thanks to the tireless builders who identified this issue early on, and have been working with regulators, credit card issuers and other payment infrastructure providers, the high barriers to crypto entry are about to be a thing of the past. In November of last year, Velocity Labs began talks with Ramp, the leading onramp infrastructure provider for web3. The objective was simple: maximize Asset Hub’s accessibility, and to get it to its full potential. Asset Hub is a system parachain considered the “home base” of assets in the Polkadot blockspace ecosystem. It enables the creation, management, and use

The Dogeverse meme coin presale surged beyond the $10 million milestone with aspirations to lead the market through its multichain compatibility. The swift fundraising success of Dogeverse underscores its status as one of the top crypto presales to consider right now, reflecting significant investor interest. Setting itself apart from conventional meme coins, Dogeverse operates on a multi-chain architecture, enabling $DOGEVERSE tokens to traverse six blockchains seamlessly, including Ethereum, Binance Smart Chain, Polygon, Solana, Base, and Avalanche. This innovative approach offers users a multitude of advantages, including enhanced flexibility, as holders can effortlessly transfer their tokens across networks, minimizing transaction fees and maximizing convenience. Additionally, Dogeverse’s presence across multiple blockchains grants users exposure to diverse ecosystems, allowing them to access a broader user base and leverage unique functionalities offered by each blockchain. Wh

Cristiano Ronaldo, an acclaimed football player, recently made waves in the news for reasons aside from his prowess on the field. He has expanded his involvement in Non-Fungible Tokens (NFTs) by presenting his second NFT collection. This offering aims to celebrate Ronaldo’s exceptional accomplishments throughout his illustrious career, particularly showcasing his unique goals in soccer. Celebrating Cristiano Ronaldo’s Illustrious Career Goals Set to launch on July 3, this new collection will present a diverse selection of 20 unique designs that symbolize significant milestones from Ronaldo’s impressive journey. These designs have been divided into four levels of rarity, ensuring collectors have various options based on their preferences. Each design elegantly captures memorable moments from Ronaldo’s goal-scoring genius—whether a breathtaking bicycle kick or a powerful long-range strike. Each piece encapsulates the essence of Ronaldo’s outstanding abilit