China News by Thebittimes.Com

The Altcoin Season Index has risen to 48, indicating a balanced market between Bitcoin and altcoins. This neutral position reflects a market that does not strongly favor either Bitcoin or altcoins. Over the past month, the index has fluctuated, peaking at 52 before dropping to 47 last week and recovering slightly to its current level on December 26. Although Bitcoin continues to maintain dominance, altcoins have shown signs of regaining market strength. Analysts anticipate a potential shift toward altcoins, with predictions of an Altcoin Season possibly starting in 2025. Ethereum, in particular, is noted as having growth potential. As these trends unfold, market participants closely monitor cryptocurrency market opportunities. As such, investors are looking for the best crypto to buy now . Best Crypto to Buy Now Uniswap has announced Unichain, a new Layer 2 solution developed using the OP Stack infrastructure. Meanwhile, WEPE has drawn significant interest from the cryptocurrency co...

A widely followed cryptocurrency analyst and trader is saying that an altcoin in the Solana (SOL) ecosystem is at a critical juncture. The analyst pseudonymously known as Sherpa tells his 234,700 followers on the social media platform X that the memecoin Popcat (POPCAT) is at a “do-or-die” level. Based on Sherpa’s POPCAT chart, it appears that the Solana-based memecoin has formed a head and shoulders pattern on the daily time frame and could plunge if the support level fails to hold. A head and shoulders pattern is typically considered a bearish pattern in technical Analysis . Source: Sherpa/X POPCAT is trading at $0.802 at time of writing, up by 21,147% since the January 5th low of $0.00379. Next up is Bitcoin (BTC). According to Sherpa, there are several reasons to remain bullish on Bitcoin and other crypto assets, even after a recent correction that saw the flagship digital asset briefly dip below the $100,000 price. “Bitcoin dominance has yet to come ...