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 (BTC) has crashed again below the $60,000 technical and psychological support following macroeconomic developments and recession fears. The negative price action has created significant resistance to BTC, with a massive volume of potential selling walls that Bitcoin must overcome to seek higher grounds above $70,000.   Finbold retrieved on-chain data from IntoTheBlock on August 4, seeking to identify potential seeling walls and price resistance. In particular, we looked at the BTC volume that is out of the money at each price range. These Bitcoin holders could be more willing to sell at a breakeven price to risk-off amid global uncertainties. Notably, nearly 4.15 million BTC have been purchased at prices higher than $60,842, worth over $242.75 billion. These potential selling walls are distributed in five price ranges from $60,900 to $70,035, as follows: Picks for you ...