China News by Thebittimes.Com

There has been no small amount of uncertainty surrounding Bitcoin (BTC) for approximately a month. After a significant climb in the initial months of 2024 and a new all-time high (ATH) near $73,000 in March, the world’s premier cryptocurrency found itself in a strong downtrend in June and early July. While the decline is widely considered to be at least partially driven by a convergence of events – including the German government’s plans to offload seized BTC and the long-awaited repayments by the collapsed crypto exchange Mt. Gox – the fact that Bitcoin has crashed through multiple support zones has left many investors wary. Though BTC remains 32.44% in the green in the year-to-date (YTD) chart, it has fallen nearly 20% in the last 30 days of trading and is 23.09% below its yearly – and all-time – highs.  Picks for you ...

Bitcoin (BTC) has been trading in a tight range since February, currently at $69,370, with cryptocurrency traders eagerly awaiting the Federal Open Market Committee (FOMC) meeting on June 12 to set the Federal Reserve’s interest rate target. Historically, the FOMC meetings and interest rate decisions have significantly impacted Bitcoin‘s price. Finbold provided technical analysis and finance market projections context to ChatGPT-4o for a BTC price prediction ahead of June 12. Within this context, OpenAI‘s flagship artificial intelligence (AI) model predicts Bitcoin will trade between $68,000 and $73,000. However, a rate cut or hints of an upcoming cut could propel BTC above its range. ChatGPT-4o forecast places the leading cryptocurrency between $73,000 and $75,000 or beyond in this unlikely economic scenario. Picks for you ...

Amid growing economic uncertainties, American economist, staunch gold advocate, and prominent Bitcoin (BTC) skeptic, Peter Schiff, has shared his view that the most substantial impending commodity boom since the 1970s is coming and warned of potential double-digit inflation by 2025.  Specifically, Peter Schiff has sounded the alarm on an impending surge in commodities prices, pointing to a chart of the Commodity Research Bureau (CRB) index, predicting that the world is on the cusp of the largest commodity bull market since the inflationary era of the 1970s . Peter Schiff’s inflation observations Indeed, the CRB index, which keeps track of 19 commodities trading, including gold, crude oil, coffee, cattle, and others, categorized into four groups – energy, agriculture, precious metals, and base/industrial metals, has been exhibiting a notable upward trend, as Schiff explained in an X post on March 21. Picks for you Did North Korea just send crypto to BlackRoc...

While there has been no shortage of excitement when it comes to Bitcoin (BTC)  ever since the beginning of the final quarter of 2023, the 7 days of trading that started on February 26 have, in many ways, been particularly eventful. After holding close to the $51,000 level for multiple weeks, the world’s foremost cryptocurrency suddenly took to the skies and rose more than $10,000 in but a few days to find itself only $4,000 below its all-time high price by Monday, March 4. The sudden and strong rise bolstered the already significant optimism present in the crypto market but also caused many traders to worry if Bitcoin is nearing a major correction as profit-taking opportunities grow better and better. Picked for you How this DOGE trader made from $10K to $100K in 48 hours 16 hours ago Bearish alert: What awaits Bitcoin below $61,000 support 17 hours ago Robert F. Kennedy Jr. accuses Congress Members of ‘being paid’ to ban Bitcoin 18 hours ago Buy sig...

As Christmas approaches, savvy investors are turning their attention to the crypto market, seeking opportunities that could offer substantial returns. Shiba Inu (SHIB), a popular cryptocurrency, stands out as a prime candidate for this holiday investment. Why? Because, beyond its growing popularity, SHIB presents a unique blend of volatility and potential that makes it especially appealing during the festive season. With these factors at play, Finbold reached out to PricePredictions , a platform renowned for employing advanced machine learning algorithm s. These algorithm s carefully examine ever-changing market conditions and analyze pertinent indicators to gauge the probability of Shiba Inu gains by Christmas day. SHIB price prediction for December 25th. Source: PricePredicitons Surprisingly, the algorithms project that SHIB will fall to $0.00000825 by the end of the month, representing a -1.67% decrease from the current asset price at the time of publication. Crypt...