China News by Thebittimes.Com

The cryptocurrency market experienced a significant loss in the past day, with $920 billion erased from its total value. This downturn is attributed mainly to a broader market retreat in the technology sector. Introducing a new, open-source AI model by the Chinese company, DeepSeek has escalated competition within the tech space, resulting in sharp declines in American tech stocks.  Consequently, this has influenced the crypto market, which frequently correlates with movements in tech stocks, leading to a similar downward trend. Nonetheless, with the market expected to rebound, investors are searching for more affordable tokens to capitalize on the current market growth, particularly the best altcoins to buy now . 5 Best Altcoins to Buy Now  The community-focused initiative JitoSOL has experienced a remarkable increase in its Total Value Locked, now standing at 15,400,708 $SOL, setting a new record. After prevailing in its legal battle with the SEC, Ripple expands globally ...

The cryptocurrency market once again demonstrated its heightened volatility, with a sharp 7.9% decline in the last 24 hours, bringing the global market cap to $3.51 trillion.  This selloff was triggered by the emergence of the startup DeepSeek and its free AI offering, combined with growing unease ahead of this week’s Federal Reserve meeting.  Despite the prevailing bearish sentiment, a select group of altcoins is leveraging strong fundamentals and market momentum to position themselves as potential contenders to surpass the $5 billion market cap threshold in the first quarter of 2025. Picks for you Ripple obtains Money Transmitter Licenses in New York and Texas 2 hours ago Key gold price levels to watch this week ...