China News by Thebittimes.Com

The cryptocurrency market recorded a major shift in trend during this week. After a rather slow period over the last few weeks, Bitcoin (BTC) was moving above the $90,000 mark. The king coin was entangled in a rut that started in the month of March. This came as a major shock to the market as BTC began the year on a bullish note. The asset even went on to record an all-time high of $109,114.88. But Bitcoin failed to retain this momentum and came crashing down to a low of $74,436. This caused increased chaos in the market. Also Read: If You Invested $4,000 in XRP When Trump Took Office, Here Are Your Returns Today Bitcoin Kickstarts Recovery Phase Source: Watcher Guru During the past 24 hours, Bitcoin recorded a notable rise of 6.14%. This increase took the king coin from trading at a low of $88,255.83 all the way to a high of $94,459.61. At the time of writing, after encountering slight correction, BTC was priced at $93,906.98. Source: CoinMarketCap The asset’s latest rise further...

With the cryptocurrency market remaining relatively calm at the moment, investors who identify undervalued digital assets can unlock significant profit potential. In this context, an Analysis shared by DBCrypto on August 15, 2024, highlighted a promising cryptocurrency that appears to be undervalued based on the Market Cap per Daily Active Address (MCDAA) metric. DBCrypto’s Analysis drew attention to four cryptocurrencies—Avalanche (AVAX), Polkadot (DOT), MultiversX (EGLD), and Cardano (ADA)—by comparing their market capitalization with the number of daily active addresses to derive the MCDAA. Picks for you 2 cryptocurrencies to reach $100 billion market cap in September 18 mins ago Analyst warns Bitcoin chart 'indicates more ...

In the quest͏ for the best m͏eme͏ coin͏ , pr͏ojects like͏ The͏ M͏eme Games are intr͏oducing i͏nnovati͏ve concepts ͏th͏at bl͏end comp͏etition͏ and gamificat͏ion͏. ͏Do͏gwifh͏at ($W͏I͏F) h͏as emerged as a st͏rong ͏contender, b͏uilt͏ on So͏l͏ana ͏and garneri͏ng att͏e͏ntion fro͏m ma͏j͏or ͏cryptocu͏r͏rency exchanges͏. ͏These dev͏elop͏ments highlight͏ the grow͏i͏ng sophistica͏t͏ion and ͏di͏vers͏ification withi͏n ͏the me͏m͏e coin s͏pac͏e͏,͏ a͏s p͏rojects stri͏ve to͏ offer more t͏han just nov͏e͏lty. Market respons͏e to ͏thes͏e ͏mem͏e c͏o͏ins͏ h͏as been͏ gener͏a͏l͏ly positi͏ve, with sig͏nif...

Kaspa’s market performance suggests potential growth as it attempts to rebound from a recent drop. KAS is currently trading at $0.187578, representing a 1.38% increase.   Kaspa Key Statistics: Current Price: $0.187578 Market Cap: $4.51 billion Circulating Supply: 24.35 billion KAS Total Supply: 24.36 billion KAS CoinMarketCap Ranking: 22   KAS/USDT Market Kaspa has shown a recent upward trend with periods of consolidation. With a current trading volume of $126.34 million, involving 653,411,818 KAS. Its market engagement is moderate. Over the last 30 and 7 days, Kaspa’s price has decreased by 8.71% from its peak, but surged by 28.63% and 7.54% from the minimum prices, respectively. Key Resistance and Support Levels: Resistance Levels: $0.1900, $0.2000, $0.2100 Support Levels: $0.1670, $0.1570, $0.1470 A detailed Analysis of the daily chart reveals that Kaspa’s upper Bollinger Band is at $0.1914, the middle band at $0.184120, and the lower ba...

Sports apparel giant and a pioneering brand in Web3, Adidas, has revealed the very first look of the upcoming Alts by Adidas non-fungible token avatar, set to be released in Q4 this year. ALTS by Adidas is a Web3 loyalty program with a digital collectable avatar at the heart of it. Adidas Sets To Launch An NFT Avatar Series In Q4,2024 In an August 02 blog post, Adidas, via the ALTS by Adidas X handle, teased the very first look of its upcoming ALTS by Adidas avatar, set to be released in Q4 this year. The much anticipated ALTS by Adidas avatars are scheduled to launch between September – October 2024. ALTS COMMUNITY UPDATE: AUGUST 🔥 We’re excited to show you the very first look of the upcoming @altsbyadidas avatar, set to be released in Q4 this year. 👀 pic.twitter.com/i3HEMU0wYk — ALTS by adidas (@altsbyadidas) August 2, 2024 Styled as “Adidas” since 1949, Adidas is a sports apparel brand founded and headquartered in Herzogenaurach, ...

MicroStrategy ( MSTR ) said it’s “extremely optimistic” following the Bitcoin 2024 conference amid increasing “bipartisan” political support for the crypto ecosystem. “We are extremely optimistic with the improved understanding of bitcoin and the increasing support for the ecosystem from bipartisan politicians and institutions on display at the Bitcoin 2024” conference in Nashville last weekend, the firm said in a press release  in connection with its second-quarter earnings. MicroStrategy Purchases An Additional 12,222 Bitcoin In a Q2 earnings call, the firm revealed that it purchased an additional 12,222 Bitcoin for $805 million in Q2 2024. This latest purchase has pushed the firm’s holdings in the leading crypto to 226,500 BTC, worth approximately $14.7 billion at current prices. MicroStrategy also shared that its BTC was acquired at an average purchase price of $36,821 per coin.  The best strategy is a #Bitcoin Strateg...

The Solana price climbed 1.5% in the last 24 hours to trade for $179.90 as of 00:09 a.m. EST on trading volume that plunged 24%. This follows news that the US Securities and Exchange Commission (SEC) withdrew its request to classify Solana, MATIC and ADA as securities as it revised a complaint in its lawsuit against Binance. According to the SEC, tokens like $MATIC, $ADA, and $SOL were classified as securities. However, they have retraced this from the court case against Binance, making it likely that their stance against those projects has changed. If these are no securities, it's great news. pic.twitter.com/G2a7fzFpZq — Michaël van de Poppe (@CryptoMichNL) July 30, 2024 This action by the US SEC suggests a change in how they will demonstrate that some tokens are, in fact, securities. Initially, the regulator had classified them as Third-Party Crypto Asset Securities. BREAKING: 🇺🇸 SEC amends the lawsuit against #Binance. $SOL, $ADA, $MATIC, $FIL, ...

As blockchain technology and cryptocurrencies gain prominence, many governments show increased support for their adoption. The global cryptocurrency market cap has risen to $2.48 trillion, marking a 2.63% increase over the last day. Meanwhile, Bitcoin is nearing $70,000 following a pro-crypto speech by Former U.S. President Trump, which also boosted US-listed crypto stocks. These developments have led to gains in altcoins, turning their charts green. As a result, investors are now seeking the top cryptocurrencies to buy. Top Cryptocurrencies to Buy Now TON has recently introduced the W5 Smart Wallet to enable gasless transactions on its blockchain. Meanwhile, Injective Labs has integrated Mountain Protocol, bringing USDM, a yield-bearing stablecoin, into its ecosystem. Additionally, Avalanche has partnered with Folks Finance to improve cross-chain lending. 1. Injective (INJ) Injective Labs has integrated Mountain Protocol, introducing USDM, a yield-bearing stablecoin, into its eco...