China News by Thebittimes.Com

A spike in upside liquidity suggests that Bitcoin (BTC) may be positioning for another short squeeze.  Trading above $116,506 at the time of writing, Bitcoin faces nearly $18 billion in leveraged short positions, with the heatmap showing a liquidation zone near $120,000, according to CoinGlass data gathered on August 7.  The chart below pinpoints the regions with the highest density of leveraged short positions and highlights the zones most prone to liquidation. More precisely, the steepening green curve on the right visualizes where short sellers face the greatest risk of being wiped out. BTC exchange liquidation map. Source: CoinGlass The data shows a sharp uptick in the curve just above the $119,000 level, after which a dense concentration of leveraged short positions clearly appears. What that means is that if Bitcoin begins to push toward that zone, we might see a chain reaction trapping late short sellers and potentially driving the price even higher...

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

Robinhood (NASDAQ: HOOD) officially launched its tokenized equities offering in the European Union (EU) on June 30, enabling users to trade more than 200 U.S. stocks and exchange-traded funds (ETFs) 24/5 with zero commissions.  The new system Features tokenized versions of real-world assets (RWAs), fully backed and settled on-chain, while offering transparent audit trails and promising to blend blockchain and traditional finance (TradFi). A significant milestone for blockchain finance, the rollout led to a 13% surge in Robinhood’s share price.  Tokenized equities As blockchain adoption expands, more businesses are turning to tokenized shares as a new way to raise capital.  Namely, instead of issuing traditional stock certificates, companies can now offer equity in the form of digital assets, such as crypto, to expedite their operations and potentially expand their global reach. Robinhood’s tokenized trading platform runs on the Ethereum (ETH)...

Summary ⚈ Nexo and Quant are showing overbought RSI levels, signaling possible corrections ⚈ Nexo has gained after reentering the U.S. market amid bullish sentiment ⚈ Price outlook depends on the broader market, especially Bitcoin crossing $95,000 The cryptocurrency market is in a consolidation phase, but several digital currencies are witnessing increased buying pressure, pushing them into the overbought zone. Indeed, these cryptocurrencies are recording high Relative Strength Index (RSI) readings, which point to a potential crash in the coming week. Nexo (NEXO) and Quant (QNT) are among those showing signs of being overbought, making them risky bets for traders. Nexo (NEXO) Crypto lending entity Nexo is witnessing increased activity after announcing its re-entry into the U.S. market. Co-founder Antoni Trenchev has credited the move to a more favorable regulatory environment under the Donald Trump presidency.  Notably, Nexo exited the U.S. in 2022 fo...

The global non-fungible token market exhibits cyclical behavior, with “seasons” characterized by periods of strong interest and activity followed by periods of cooling and reassessment. This market pattern is often influenced by various factors, including geopolitics, negative crypto market sentiment, media coverage, and the underlying value proposition of specific non-fungible token projects. The NFT market has experienced a significant downturn in the past four months, primarily due to a combination of factors, including declining investor interest, falling cryptocurrency prices, and market saturation. Fortunately, the non-fungible token buying spell has started building up, with top NFT coins leading the recent surge. NFT coins are the native coins or tokens of a specific NFT ecosystem. Below, we have listed some of the top-selling NFT crypto coins in the NFT market. 1. FLOKI FLOKI, a utility token that forms the backbone of the Floki Ecosystem, is this week’s to...

Thanks to numerous factors, cryptocurrency regained some legitimacy in 2024 following the calamities of the ‘crypto winter.’ These include the industry’s massive lobbying expenditure, approval of investment vehicles such as spot Bitcoin (BTC) exchange-traded funds (ETFs), and the anticipated crypto-friendly nature of the incoming Trump administration. Under such circumstances, it is hardly surprising that many U.S. politicians – generally known as savvy and prolific traders – have started engaging with the sector. Picks for you Can gold hit $3,000 in 2025? 1 hour ago 4 altcoins to buy under $1 at the start of 2025 2 hours ago We...

Similar to the rest of the cryptocurrency market, Ripple’s XRP witnessed a massive uptick in its price. The asset stunned the globe with its ascent over the $1 mark. The sixth-largest cryptocurrency reached this level for the first time in three whole years. This further instilled hope back into the XRP market and even led to investors making much more ambitious bets. Also Read: Bitcoin: MicroStrategy to Raise $1.75B For BTC Purchase How High Did XRP Surge? Over the past month, Ripple’s XRP rose by over 100%. The asset went from trading at a low of $0.50 all the way to a high of $1.19. After a weekly uptick of 81%, the altcoin was trading at $1.11, at press time. Sadly, over the last 24 hours, the asset had dropped by nearly 5%. Source More recently, the asset even reclaimed its position over Dogecoin (DOGE). Last week, DOGE took over XRP as the sixth-largest cryptocurrency. But now, the latter was back on top with a market cap of $63.05 billion. Despite its recent uptrend, ...

Bitcoin’s value hit $1.8 trillion, passing Saudi Aramco and moving closer to tech giants like Google. The price jumped above $91,000, showing strong growth with few rules holding it back as big investors keep buying. More people and companies buying Bitcoin shows it’s becoming a normal part of finance. Also Read: Revolut X and VanEck’s SUI ETN: Expanding Crypto and Blockchain in Europe Bitcoin’s Market Surge: Navigating Risks and Opportunities Racing Past Traditional Assets Bitcoin ranks seventh in the world by value, behind Google’s parent company at $2.2 trillion. Investment risks haven’t stopped Bitcoin’s rise among top tech companies. Bitcoin is changing how money works as big investors put billions into digital money. Major banks and firms are buying more cryptocurrency, changing how people invest their money. Global Market Impact All cryptocurrencies together are worth $3.02 trillion, making them the world’s eighth-largest economy. Bitcoin...

Ripple (XRP) has been making headlines for its latest development. The firm announced it will be launching its very own stablecoin called RLUSD. This asset leverages XRP and has been under wraps. The firm began working on it in April. This news barely had any impact on XRP as the asset continued trading at the $0.54 range, with a drop of over 0.82% throughout the past 24 hours. Also Read: How High Will Shiba Inu Rise If Its Market Cap Hits $500 Billion? Ripple’s Decade-Long Performance And Future Potential Source Despite its current price drop, it should be noted that the altcoin has witnessed a fairly positive decade. XRP dipped to an all-time low of $0.002802 back in 2014. Ever since, the asset has surged by 19107.63%. Diving deeper, XRP has had a remarkable 10,300% price gain from the end of August 2013 when it was trading at $0.005. This is about a year post its launch when the asset slowly began to boom. This further highlights the impeccable growth rate of XRP even though it...

London, United Kingdom, April 10th, 2024, Chainwire Mere weeks after hitting seven figures, Bitbot has continued its presale success, now with over $2.1 million in the bag, 80k Twitter/X followers, and over 27k in its Telegram community. For the Bitbot team, familiar with the market landscape and confident in their compelling product offering, this level of engagement and support comes as no surprise. Bitbot (BITBOT) is available to buy on the official site . Back in October, the Telegram trading bot market had under 10k daily active users. However, it has grown to around $1.4 billion in market cap since last summer. What’s more, out of the $18 billion cumulative trading volume, $12 billion of that was generated in 2024 alone, indicating that the industry is multiplying its momentum every single day. Competitors Banana Gun (near +300% token price gains this year) and Maestro (lifetime trading volume, $4.7 billion) have proven popular despite both sufferi...

Record trading volumes on spot ETFs have been linked to profit-taking.  Bitcoin Dogs rides Bitcoin price trends cemented by its Web 3.0 utility. Over $7.7 million has been raised in Bitcoin Dogs presale. Record ETF trading volume s and BTC cooling off from its record price are two events keenly watched this week. The latest data shows the total trading volume on the 10 spot ETFs surpassed $10 billion. The record trading volume s highlight increased activity on Bitcoin. Nonetheless, buying trends are observed on Bitcoin Dogs , which saw more than $7.7 million in presale. With 9 days to the end of the presale, analysts expect Bitcoin Dogs price to skyrocket after listing. Record trading volumes spot ETF volumes vs. Bitcoin price It has been a busy week for Bitcoin after it reached its all-time high above $69,000. However, BTC price cooled off at this crucial market level. At the time of this publication, the world’s largest cryptocurrency had l...