Bitcoin News Daily Official TheBitTimes.com

China’s government likely sold nearly $20 billion worth of Bitcoin seized from the PlusToken Ponzi scheme. Bitcoin’s price remained relatively stable despite the massive sell-off of around $101,000. Institutional investors like BlackRock continue purchasing significant amounts of cryptocurrency. Market sentiment remains cautious due to potential global interest rate hikes. Investors anticipate potential Federal Reserve rate cuts by June 18th. Ongoing institutional support from major firms helps stabilize Bitcoin’s price during market uncertainties. New Cryptocurrency Releases, Listings, & Presales Today DEXAI empowers traders with AI-driven intent protocols, simplifying complex strategies into precise, automated actions. Backed by Banter Capital, E Money infrastructure advances DeFi with staking, lending, and insurance offerings. COREx redefines decentralized trading with intuitive interfaces and AI-powered market insights for seamless participation. Solaxy tran...

With all eyes fixed on the growing geopolitical turmoil, China, a key member of the BRICS alliance, has officially broken its silence on the growing US tensions amid US President Donald Trump’s impending tariff threat. Indeed, the country has been among the few to speak out regarding the West’s warnings. After being inaugurated Monday, Trump wasted no time in targeting the BRCIS group. Specifically, he reassured previous threats that he would impose a 100% tariff on the economic alliance. The action was meant as retaliation for the bloc’s ongoing de-dollarization efforts. Source: AtlanticCouncil.org Also Read: BRICS: Analyst Calls US Dollar ‘Grossly Overvalued’ & Here’s Why Trump Tariff and US Tensions Get Response From China as West & BRICS Faceoff Continues For the last two years, the BRICS economic alliance has committed to lessening international reliance on the US dollar. Specifically, the bloc has sought out ways to avoid sanctions on various members. That proces...

The Bitcoin price has slumped 2% in the last 24 hours to trade at $102,628 as of 3:30 a.m. EST on a 20% drop in trading volume to $61 billion. This plunge in the BTC price comes despite BlackRock CEO Larry Fink predicting Bitcoin could soar to $700,000 per coin, driven by small allocations of 2%- 5% from asset managers and amid fears of currency debasement. 🚨JUST IN: $11.5 trillion BlackRock CEO Larry Fink says Bitcoin could go up to $700,000 if there is more fear of currency debasement and economic instability. pic.twitter.com/V58UQHkEbU — Bark (@barkmeta) January 22, 2025 Fink described Bitcoin as an international instrument to counter economic or political instability concerns but clarified he was not promoting it. Fink also warned of persistent inflation risks over the next year, cautioning against assumptions that inflation has already peaked. Bitcoin Price Encounters A Slight Pullback The BTC/USDT price action on the 1-day timeframe indicates a strong bullis...

The Pudgy Penguins price jumped more than 3% in the last 24 hours to trade at $0.02504 as of 10:46 a.m. EST as investors start to accumulate the meme coin. This rise in the PENGU price comes amid a broader crypto pullback in the last 24 hours. Throughout the past day of trading, the digital asset space’s collective valuation dropped more than 2%. Pudgy Penguins Price Hovering Above The $0.02383 Support 4-hour chart for PENGU/USD (Source: GeckoTerminal ) The Pudgy Penguins price is hovering above the $0.02383 mark, which was flipped into support in the last 24 hours. PENGU once again dropping below this price point could lead to a plunge to as low as $0.02206 in the short term. On the other hand, the Pudgy Penguins price entering into a bullish move might lead to the altcoin overcoming the $0.02672 barrier. A 4-hour candle close above this technical threshold could then give the crypto the foundation needed to keep rising, and potentially reach $0.02955. Technicals Suggest ...

The Mr Miggles price skyrocketed 72% in the last 24 hours to trade at $0.08735 as of 2.30 a.m. EST on trading volume that soared 412% to $25.62 million. The MIGGLES price skyrocketed alongside Bitcoin, which once again surged yesterday from $101k to a resistance at $107k, causing many cryptos in the altcoin market to follow its increase. MIGGLES itself rose from $0.05172 to $0.09565, which is the highest point it reached in a month before its price saw a slight correction to $0.08735, where it sits at the time of writing. Here’s the reason i’m bullish on Mr Miggles You’re not bullish enough Coinbase mascot = 50m MC? Makes no sense Anyway i’ll remind u in 3-4 months While you’re too busy chasing pumpfun rugs, i’m busy building my 9 figs portfolio pic.twitter.com/UzT94S1qFF — Crypto Beast (@cryptobeastreal) January 21, 2025 The meme coin, which launched in July 2024, previously reached its all-time high (ATH) in November last year, when...

The ai16z price surged more than 35% in the last 24 hours to trade at $1.18 as of 10:47 a.m. EST as investors go long on the altcoin. Despite the recent gain by the AI16Z price, the crypto’s weekly performance remains over 10% in the red. ai16z Price Trying To Overcome Resistance 4-hour chart for AI16Z/USD (Source: GeckoTerminal ) The ai16z price is attempting a challenge at the $1.3011 resistance level. Should it close a 4-hour candle above this technical barrier within the next 8 hours, the crypto could gain the space needed for it to rise to the subsequent threshold at $1.6158 in the following 24 hours. On the other hand, AI16Z failing to clear the $1.3011 resistance level within the next 8 hours might lead to a more bearish scenario playing out in the short term. Traders might start to exert sell pressure on the crypto in this alternative case, which could result in a test of the immediate support level at $0.9734. Continued sell pressure might then lead to a plunge to ...

The cryptocurrency market has seen slight fluctuations following the recent swearing-in of the US President. Bitcoin (BTC), a major player in the space, dropped to $89,216 earlier this week but has since rebounded to around $103,000. This recovery has created a sense of optimism, sparking increased interest in the altcoin market. Altcoins are also showing signs of growth. Flare (FLR) and Decentraland (MANA) are among the notable tokens gaining traction. Investors seeking the best crypto to buy right now are closely monitoring these trends. This article analyzes the top cryptocurrencies market participants can invest in. Best Crypto to Buy Right Now Wall Street Pepe has gained notable attention in the cryptocurrency market, securing $54 million in funding. This achievement has positioned it as a topic of interest among investors monitoring emerging market trends. Meanwhile, Tezos (XTZ) has experienced a slight dip, trading at $1.21, marking a 5.16% decline. Additionally, ORDI, anoth...

The Dogwifhat price plunged more than 5% in the last 24 hours to trade at $1.34 as of 9:54 p.m. EST as investors dump their holdings in the canine-themed meme coin on the market. Along with the drop in the WIF price, the crypto also experienced an over 33% decrease in 24-hour trading volumes to around $662.04 million. Dogwifhat Price Resting On Key Support Daily chart for WIF/USD (Source: GeckoTerminal) The Dogwifhat price is resting on the $1.2504 support level after trading in a negative sequence of lower lows and lower highs over the past couple of days. Should the meme coin drop below this technical safety net, it could stand the risk of falling to the subsequent support at $0.7697. On the other hand, a rebound from the $1.2504 support level in the next 48 hours might invalidate the bearish thesis. In this alternative case, the crypto could try to reclaim a position above the $1.6734 mark. Thereafter, continued pressure from buyers might push the Dogwifhat price up to as hi...

The Ethereum Foundation, de-facto figurehead of the Ethereum ecosystem, has responded to community frustrations by proving that it does in fact use the chain… to dump ETH. The complaints have generally been focused on the foundation’s lack of leadership, which many feel is to blame for Ethereum’s limited price action compared to bitcoin (BTC), SOL, and other major cryptocurrencies. #PeckShieldAlert #EthereumFoundation has swapped 100 $ETH for 336.5K $DAI pic.twitter.com/gdFkTAbebh — PeckShieldAlert (@PeckShieldAlert) January 20, 2025 Read more: Ethereum Foundation blasted for EigenLayer conflicts of interest However, the foundation’s efforts to engage with the criticism have largely come across as being out of touch . Initial attempts were seen to be missing the point when the official Ethereum X account simply posted “hello world computer.” While later examples of how the foundation actively uses the chain essentially boiled down to selling ETH (and sending...

The Solana price plunged over 8% in the last 24 hours to trade at $232.35 as of 10:04 p.m. EST as investors decrease their exposure to the altcoin. This drop in the SOL price comes after the crypto was able to set a new all-time high at $294.33 yesterday.  Solana Price Drops Below Support 4-hour chart for SOL/USD (Source: GeckoTerminal) The Solana price dropped below the support level at $280.68 in the last few hours, according to GeckoTerminal data . If sellers continue to exert sell pressure on the altcoin, it could stand the risk of testing the $245.89 support soon. A break below this second technical crutch might then expose SOL to the risk of plummeting all the way down to $214.66. On the other hand, the Solana price reclaiming the $280.68 support within the next 12 hours might invalidate the bearish thesis. In this alternative scenario, the altcoin could try to flip the resistance level at $316.37 into support. A 4-hour candle close above this level might then give SOL...