China News by Thebittimes.Com

One of the most severe dips in cryptocurrency history occurred in November 2022, when Bitcoin (BTC) plummeted to as low as ~$15,800 — a 72% decline from the all-time high at that time. The coin had been struggling with rising interest rates leading up to the crash, and FTX, one of the largest crypto exchanges, had just filed for bankruptcy, leading investor sentiment to hit rock bottom. “The Crypto Party is Over,” wrote The Wall Street Journal. Fast forward to May 2025, however, and BTC is trading at almost $110,000 despite global economic uncertainty.  Indeed, U.S. Treasury yields have jumped, the 10-year rising to 4.459% , driven by mounting debt concerns, persistent inflation risks, and limited room for monetary easing. America’s debt has likewise surpassed no less than $36 trillion, and interest payments might very well reach $952 billion by 2025.  Meanwhile, “Digital Gold,” i.e., Bitcoin, is increasingly viewed as both a high-performing asset and a poten...

Bitcoin bulls are buzzing after Japan-based investment firm Metaplanet snapped up another 1,004 BTC—its second-largest purchase to date—just as Strategy executive chairman Michael Saylor hinted at yet another massive buy. The back-to-back accumulations come after Bitcoin posted its highest-ever weekly candle close at $106,500, just 3% shy of its all-time high. Analyst Crypto Rover on X says the momentum could signal a “massive breakout” is imminent. Metaplanet’s $104.3 million buy brings its total holdings to 7,800 BTC, fortifying its position as Asia’s largest corporate holder and the 11th biggest globally, according to BitcoinTreasuries. The Japan-based investment firm had also bought 1,241 BTC just a week ago.  Metaplanet bought its latest BTC at an average price of $103,873, CEO Simon Gerovich said in a post on X. Metaplanet has acquired 1004 BTC for ~$104.3 million at ~$103,873 per bitcoin and has achieved BTC Yield of 189.1% YTD 2025. ...

The cryptocurrency market continues its upward momentum. Bitcoin (BTC) has reclaimed the $102,000 territory for the first time since January of this year. Other assets are following BTC’s trajectory. The global crypto market cap has risen 3.1% in the last 24 hours to $3.33 trillion. Dogecoin (DOGE) has rallied 8.2% in the daily charts, 7.6% in the weekly charts, 8.2% in the 14-day charts, 37.2% over the previous month, and 32.5% since May 2024. Also Read: SEC Moves to End Ripple Case as Commissioner Rebels: $75M Returns to XRP Giant Source: CoinGecko Cryptocurrencies Continue Bullish Sentiment Source: Watcher Guru The current market rally is likely due to a boost in investor confidence. BTC breaching the $100,000 level may have led to a surge in sentiment. DOGE’s price is likely following BTC’s path. The sudden bullishness could be due to the Arizona governor signing a “Bitcoin and Digital Assets Reserve Fund” bill into law. The move may have elevated investor hopes af...

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...

Bitcoin held by listed companies surged more than 16% to 688,000 BTC in the first quarter, fueled by 12 new entrants, while Strategy and Metaplanet disclosed additional purchases yesterday. Bitwise said i n an April 14 post on X that listed companies added 95,431 BTC to their books in the last quarter. The total dollar value of the holdings increased by 2.2% to $56.7 billion with BTC trading at $82,445 at the time of the report. Twelve Firms Buy Bitcoin For The First Time In addition to the amount of Bitcoin held by publicly-traded companies increasing, the number of firms holding BTC also rose, Bitwise added.  In the first quarter of the year, 12 companies purchased the leading crypto for the first time, pushing the total number of corporate Bitcoin holders to 79. Hong Kong-based construction firm Ming Shing was the largest first-time buyer in Q1 of 2025 after it bought 833 BTC. Its holdings were accumulated through two purchases. The first, which saw the firm buy 500 BTC,...

On February 27, Michael Saylor encouraged his devotees, “Sell your kidney if you must, but keep the bitcoin.” As of that tweet, bitcoin (BTC) was trading at $79,900, but yesterday, it crashed below $74,500. Nevertheless, Saylor took the opportunity to remind his followers that BTC’s USD price shouldn’t matter anyway. True believers should remember, he posted memetically, that the price of BTC has a constant denomination in Saylor’s preferred currency: BTC. 1 BTC = 1 BTC — Michael Saylor️ (@saylor) April 7, 2025 If you denominate bitcoin in bitcoin, the price cannot decline. People knew Saylor’s kidney advice was hyperbole and that voluntary organ sales are generally illegal, but even major influencers called the tweet irresponsible. Mortgages, kidneys, yet bitcoin still crashes Of course, yesterday wasn’t the first time that BTC declined below a price at which Saylor encouraged irresponsible investing. On March 10, 2021, he encouraged inves...

While many of his X posts and other business activities have been controversial, the success of Robert Kiyosaki’s investment portfolio in 2024 is impossible to dispute as it appreciated 62.38% within the 12 months..  In 2025, however, some of the ‘ Rich Dad Poor Dad’ author’s top picks have been trading either lower or mostly sideways, and Finbold decided to examine if the Kiyosaki cryptocurrency and commodity-focused strategy continued working through the just-ended first quarter (Q1). Here’s how much investing in BTC, gold, and silver in Q1 would return While his holdings extend beyond the big three – Bitcoin (BTC), gold, and silver – for most of his followers, these are the assets that first come to mind when Kiyosaki’s name is mentioned. Picks for you AI predicts Bitcoin price for April 30, 2025 ...

The world’s largest cryptocurrency, Bitcoin (BTC), was recently hit with a major downfall. The asset brought immense hope to the community after it surged beyond the $100,000 mark. Throughout the last couple of months in 2024, BTC managed to record a notable uptick. Carrying this trend onto 2025, the king coin surged to an all-time high of $109,114.88 in January. But February turned out to be immensely bearish for the asset. The real question is if the king coin can break its current rut and move to the next level. Also Read: Cryptocurrency: LIBRA & MELANIA Teams Accused Of Laundering A Dive Into The Bitcoin Market Source: Watcher Guru Earlier today, Bitcoin dipped to a low of $82,131.90 causing chaos in the market. The asset has recorded a 10% drop in its price over the past seven days. Just a week ago, BTC was trading at a high of $99,000. But in no time, the asset was dragged below $90,000. At the time of writing, the king coin was trading at $86,719.73 following a 2.70% drop o...

The world’s largest cryptocurrency, Bitcoin (BTC), had a notable couple of months. The king coin managed to rise all the way to a high of $109,114.88. The asset did not trade at this level or even maintain its position over $100,000. This was followed by a massive downfall that caused chaos in the entire market. BTC’s dip below $90,000 came as a shock to the community. Will the king coin redeem itself in March 2025? Also Read: M2 Money Supply Goes Parabolic—Is a Massive Bitcoin Rally Incoming? Bitcoin’s Current Market Source: Watcher Guru Bitcoin witnessed a massive drop of 8% throughout the past seven days. The asset went from trading at a high of $99,000 last week to a low of $86,008.23 just yesterday. At the time of writing, BTC was trading at $88,332.94, following a 1.70% drop in the last 24 hours. Due to this plummet, the asset is currently 19% below its peak. Source: CoinMarketCap Currently, 3,000,000 BTC are losing money, which is the highest since 2018. This im...

The Bitcoin price climbed 1% in the last 24 hours to trade at $97,531 as of 11 p.m. EST on a 15% slump in trading volume to $31.35 billion. This follows Abu Dhabi’s bold $436.9 million investment in BlackRock’s iShares Bitcoin ETF (IBIT), signaling growing institutional confidence in digital assets. The investment, made through Mubadala Investment Company, a $280 billion sovereign wealth fund, aligns with the Middle East’s increasing adoption of cryptocurrencies. Abu Dhabi just dropped $437M into BlackRock’s Spot Bitcoin ETF. 🤑 Big money is making moves while retail watches from the sidelines. Smart money or nah? 👀 pic.twitter.com/znroCvXATH — damaze 😵 (@damaze_bro) February 14, 2025 Notably, the move came as BlackRock secured a commercial license in Abu Dhabi. Abu Dhabi has been expanding its crypto presence, including a 2023 Bitcoin mining project with Marathon Digital and Zero Two, highlighting the region’s commitment...

Metaplanet, known as Japan’s MicroStrategy, has revealed plans to raise $745 million to increase its Bitcoin holdings by two times within the next two years. The Japanese firm has been actively raising funds, securing over 1,700 Bitcoins in the last eight months. This aggressive BTC accumulation has benefited the company’s stock price, which has skyrocketed more than 2,000% since the company started investing in the leading crypto.  MicroStrategy’s Bitcoin strategy has influenced Metaplanet, whose goal is to accumulate a substantial amount of Bitcoins as part the firm’s 2025-2026 plan. Metaplanet Prepares For  ¥116 Billion For BTC Purchase In a Jan. 28 announcement, Metaplanet revealed that it issued 21 million shares of 0% discount moving strike warrants in a landmark capital raise. Through this issuance, the company is set to generate approximately ¥116 billion, which is around $745 million. These funds will be directed towards additional...

Michael Saylor, an active BTC proponent, is once again echoing calls to buy Bitcoin. In one of Saylor’s recent interviews, the former CEO of Microstrategy was noted giving a new, compelling Analysis on why the United States should dump its gold and invest in Bitcoin, a move that would help America become the new superpower in all sorts of ways and mannerisms. Also Read: Ripple: New Price Analysis Claims XRP To Hit $8, Here’s How? A New Financial Anatomical Structure To Emerge? Source – CryptoSlate Michael Saylor is an ardent Bitcoin enthusiast. He is known exclusively for his firm adoration for BTC, and he leaves no stone unturned to promote Bitcoin proceedings on the global front. Saylor was recently documented stating Bitcoin facts in a new interview, commenting on how the era of Trump presidency is transformative for the domain of Bitcoin. The former CEO of Microstrategy was quick to suggest how the US must dump their gold to invest in BTC, due to the array of benefits the cr...