China News Daily TheBitTimes.com

Bitcoin’s (BTC) losing streak deepened on October 17, with the flagship cryptocurrency plunging to just above $104,000 and shedding almost $150 billion in market value in less than 24 hours. The decline pushed BTC’s market capitalization from $2.216 trillion on October 16 to $2.07 trillion, raising fears that the $100,000 threshold could be tested in the coming days. The latest drop was triggered by a renewed escalation in U.S.–China trade tensions. President Trump’s threat of 100% tariffs on Chinese imports sent shockwaves across global risk assets, driving investors toward gold while draining liquidity from crypto. Spot Bitcoin ETFs recorded $536 million in outflows on October 16, the largest single-day withdrawal since August, underscoring that even institutional players are retreating in the face of heightened uncertainty. Derivatives markets added fuel to the fire. More than $1.15 billion in leveraged Bitcoin longs were liquidated within 48 hours, cre...

Stablecoin’s adoption surge has actually reached over $35 billion in transaction volumes right now as USD crises are devastating Egypt, Nigeria, and Argentina . Citizens across these nations have been turning to digital dollars to escape the hyperinflation and currency devaluation that’s taking place. Annual stablecoin transaction volumes by country – Source: Coinpedia The USD crisis in Egypt and USD crisis in Nigeria have been pushed forward as local currencies lose their purchasing powerful and Argentina stablecoins adoption has now reached figures close to 3% of the entire M1 money supply. Emerging markets crypto solutions are substituting traditional banking because financial systems are seeing some complete transitions due to he high take-up of stablecoins. Inflation rates vs stablecoin penetration comparison – Source: Coinpedia How Stablecoin Adoption Surge Solves USD Crisis in Egypt, Nigeria & Argentina Argentina’s $11B Digital Economy Actually Growi...

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 ...

Two artificial intelligence (AI) models have shared their outlook for Shiba Inu (SHIB) price target, as the meme coin trades in the red alongside the broader cryptocurrency market. As of press time, SHIB was valued at $0.000014, down 5% in the last 24 hours, with weekly losses of over 12%. SHIB one-week price chart. Source: Finbold The coin’s 50-day simple moving average (SMA) stands at $0.00001332, slightly below the current price, suggesting a mild upward trend in the recent past. Meanwhile, the 200-day SMA at $0.00001657 indicates SHIB is trading below its longer-term average, hinting at a broader downtrend. On the other hand, SHIB’s 14-day Relative Strength Index (RSI) is at 54.24, placing the meme coin in neutral territory, neither overbought nor oversold, implying balanced momentum. AI predicts SHIB price  Finbold consulted OpenAI’s ChatGPT and xAI’s Grok for the price prediction, which offered various scenarios for SHIB on June 1.  ChatG...

The cryptocurrency market is experiencing one of its most significant rallies in recent times. Dogwifhat (WIF) is following the latest market trend. The asset is among the best-performing cryptocurrencies right now. WIF’s price has risen 35.5% in the last 24 hours, 126.4% in the weekly charts, 86.9% in the 14-day charts, and 190.9% over the previous month. Despite the explosive rally, the memecoin’s price is still down 59.4% since May 2024. The asset could be on its way to breach the $2 mark next. Also Read: Michael Saylor’s ‘Strategy’ Buys 13,390 Bitcoin Worth $1.34 Billion Source: CoinGecko Cryptocurrencies Experience Market-Wide Surge Source: Watcher Guru Dogwifhat (WIF) is not the only crypto experiencing a surge today. The entire market has seen an upswing over the last few days. Bitcoin (BTC) is leading the market with its recent climb to $104,000. The original crypto is currently testing the $105,000 mark. There is a high probability that BTC will hit a new all-time h...

In what is a rather surprising global development, North Korea has reported surpassed El Salvador in total Bitcoin holdings after its most recent $1.4 billion Bybit hack. Indeed, Arkham Intelligence reported that the Lazarus hacker group currently holds 13,518 BTC, more than the governments of the Central American nation and Bhutan. The Lazarus group completed the $1.4 billion theft in February, and it has propelled the nation’s Bitcoin holdings. El Salvador currently holds just 10,635 BTC, while Bhutan holds more than 6,000 BTC. Indeed, both countries have sought to integrate the leading cryptocurrency in their financial operations as a nation. Source: Watcher Guru Also Read: BRICS: Russia and North Korea Announce Historic Agreement North Korea BTC Holdings Surpass El Salvador & Bhutan After Bybit Attack Although prices have not benefited, there is no denying that 2025 has been a massive year for the cryptocurrency market. The United States has led its own overhaul of its crypto ...

Bloomberg Intelligence Senior Commodity Strategist Mike McGlone has made a doomsday prediction for Bitcoin. The strategist predicted that BTC could crash to the $10,000 level if a series of events occurred in the markets. He warned that gold prices above the $3,000 mark are a triggering point for other assets to plummet in value. The development puts pressure on the broader stock and cryptocurrency market, which could lead to a downward trajectory. Also Read: Ripple Rebounds 4% to End the Week: Can XRP Target $4? Source: Coingecko Bitcoin is currently hovering around the $83,750 level and remains trading sideways in the charts. It has dipped close to 15% in the last 30 days and is exactly opposite to gold where it rose nearly to 15% year-to-date. The inflow of funds from institutional investors is moving into gold and the commodity markets leaving stock and cryptocurrencies in the limbo. The move could put BTC on a slippery slope with higher chances of a price dip. Also Read: Solana: W...

Shiba Inu is currently under pressure, unable to break out above the $0.00002 price level. The token is currently sitting at the $0.00001580 level and is down 3% in the last 24 hours. Will the token be able to surge ahead and claim new price marks amid the plethora of new developments that the token is currently a part of? Let’s find out. Also Read: De-Dollarization Surge: A New 12-Nation Bloc Has Abandoned The US Dollar Shiba Inu: New Developments Source: Watcher Guru Shiba Inu is currently sitting at a low price point of $0.00001580, down 3%. The cryptocurrency market in particular is feeling Monday blues as the new Trump regime has been practicing an aggressive tariff regime, putting out tariffs on nations, which have lately been impacting the price of Bitcoin. In the middle of this, the Shib Ecosystem has been busy on its own, launching key partnerships with the UAE government. “Shiba Inu has joined forces with the UAE Ministry of Energy and Infrastructure (MoEI) in a historic...

The cryptocurrency market has experienced one of its most severe liquidations in history, wiping out $2.24 billion in value within 24 hours, with total estimates reaching as high as $10 billion.  Bitcoin (BTC) continues to struggle past the $100,000 mark, as risk-off sentiment grips investors amid escalating global tensions.  Yet, even as panic selling dominates certain mid-cap cryptocurrencies—those with market capitalization between $1 billion and $100 billion, are emerging as strong picks for long-term growth.  Picks for you Enso surpasses $3.1 billion in crypto transaction volume 43 mins ago Crypto trader makes $600k in 2 hours with amazing short position 1 hour ago ...