China News by Thebittimes.Com

Emerging economies are at the forefront of global cryptocurrency ownership, with the UAE leading at 25.3%. Demographic data reveals that 61% of crypto holders are male, while 34% fall within the 25-34 age range, indicating strong interest among younger generations. Cryptocurrency adoption has experienced rapid growth, expanding at an annual rate of 99% and outpacing traditional payment systems. Triple-A data highlights that cryptocurrency ownership has reached significant global penetration, with over 562 million individuals holding digital assets worldwide.  Binance executive Richard Teng has also acknowledged this widespread adoption. This data underscores the increasing prominence of digital currencies. Meanwhile, investors are searching for affordable tokens, particularly the best cheap crypto to buy now under 1 dollar . 5 Best Cheap Cryptocurrencies to Buy Under 1 Dollar Sei (SEI) is advancing its presence in the DeFi space by introducing streamlined token swaps on Compass...

A widely followed crypto analyst thinks one Solana (SOL) challenger is gearing up for more rounds of upside bursts. Pseudonymous analyst Altcoin Sherpa tells his 232,200 followers on the social media platform X that Sei (SEI) looks bullish after breaking out of a rounding bottom pattern on the weekly chart. A rounding bottom formation is a bullish reversal structure suggesting that an asset is ready to witness a new uptrend. Says Altcoin Sherpa, “Fundamentals-wise, I think there needs to be a bit more built on there for people to gamble on but all in all, it looks really good for higher. Grabbing a bag a bit lower if it comes. Something like $0.60 would be a decent entry in my opinion.”  Source: Altcoin Sherpa/X At time of writing, SEI is worth $0.66. Another altcoin on the trader’s radar is the smart contract platform Fantom (FTM). According to the crypto strategist, FTM looks solid for long-term investors given its strong fundamentals. He a...

A widely followed cryptocurrency analyst believes Bitcoin (BTC) is on the verge of rallying to fresh record highs. Pseudonymous analyst Bluntz tells his 270,000 followers on the social media platform X that he thinks Bitcoin has started a fresh five-wave surge that could propel BTC to a new all-time high after taking out resistance at $62,000. The trader practices the Elliott Wave theory, which states that a bullish asset often witnesses a five-wave upside move before a significant correction. Says Bluntz, “We got the breakout, pretty confident this is the all-time high run starting now.” Source: Bluntz/X Based on the pseudonymous analyst’s chart, it appears that Bluntz is suggesting that Bitcoin could go up to a price of $84,000 in a series of waves by mid-September. At time of writing, Bitcoin is trading for $63,888, up over 5% in the past day. Looking at Solana (SOL) competitor Sei, the analyst believes SEI is about to erupt against Bitcoin and...