Price Analysis
Bitcoin showed signs of decoupling from stocks last week, but today’s drop below $80,000 suggests BTC and altcoins are primed for a sell-off when US equities markets open.
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China Crypto News
China, a global economic powerhouse with the world’s largest population, drives significant global trade marked by rapid industrialization and economic growth. China once served as a center for crypto trading and had a vibrant ecosystem of exchanges. However, in 2017, the Chinese government outlawed domestic cryptocurrency exchanges and initial coin offerings (ICOs) because of concerns about financial stability.
China intensified its regulations in 2021 by focusing on crypto mining — once a massive industry in the nation — citing concerns about speculative risk, financial stability and energy usage. Despite its hardline stance on cryptocurrencies, China is actively pursuing blockchain technology adoption across various sectors, including finance, supply chain and urban planning.
Blockchain parks and incubators have been established in various provinces and towns to aid new businesses and established firms specializing in blockchain technology. With its Digital Currency Electronic Payment system — a state-backed digital currency managed by the People’s Bank of China — China is at the forefront of central bank digital currency development. China wants to internationalize its currency and lessen reliance on the United States dollar in international trade and finance, and its CBDC, the digital yuan, is a component of that effort.
- Market Update
Bitcoin adds gains as US stock markets drop a record $3.5 trillion in value and Federal Reserve Chair Jerome Powell warns of “higher inflation and slower growth.”
20153 - Price Analysis
Bitcoin and select altcoins hold steady even as the threat of a global trade war crushes the stock market.
5467 - Market Analysis
Will the US-led trade war lead to a golden buying opportunity in Bitcoin price or further downside in the short term?
5291 - News
The company reportedly sold its China operations to an entity associated with Bitmain for $352 million.
6374 - News
A law passed in the previous session of the US Congress requires ByteDance to divest ownership of TikTok or face a potential ban starting on April 5.
5747 - Market Analysis
The US-led tariff war gets all the blame for Bitcoin’s year-to-date weakness, but there are other factors weighing on BTC price.
14531 - News
OpenAI expects revenue to reach $12.7 billion this year, driven by its paid AI subscription offerings — but Chinese AI rivals are spinning up in droves.
2868 - News
The recent trade tensions could present an opportunity for American hardware manufacturers to help ramp up onshore Bitcoin mining, according to a US Bitcoin mining supplier.
1929 - News
Global tariff concerns are “the biggest driver” for both crypto and traditional markets, Nansen analysts told Cointelegraph.
13272 - News
Hong Kong’s fintech market is projected to hit $606 billion by 2032, driven by blockchain, digital assets, AI and a proactive Web3 licensing regime.
11242 - News
Russian oil firms are using Bitcoin and USDt for trade with China and India despite global sanctions, according to Reuters.
12948 - News
An Arkansas crypto mining group has taken action against two state officials who they claim enforced an unconstitutional law restricting a foreign-born US citizen’s mining activities.
2081 - News
If China has not yet sold its 195,000 Bitcoin seized from the PlusToken Ponzi scheme, it could use the funds to make a reserve rivaling the US.
8891 - Market Analysis
Bitcoin’s upside appears to be capped by recession risks, geopolitics and investors’ anxiety over Friday’s crypto summit at the White House
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