China News Official TheBitTimes.com

Explore the transformative 15-year journey of Bitcoin, from its humble beginnings in a nine-page whitepaper to its current state as a billion-dollar asset class, as we delve into key milestones, technological advancements, and what the future holds. Although Bitcoin’s official birthday is often celebrated on Jan. 3, when the token was first launched, it was actually 15 years ago today that Bitcoin’s journey started from a nine-page white paper . By all means, 2008 was not a year to remember for most individuals. A historic recession, crippling natural disasters, war, and so much more. As some would argue, the only positive to come from the year of the “great depression” was Bitcoin. Of course, nobody had realized its revolutionary potential just yet. Satoshi Nakamoto’s Bitcoin white paper laid the foundation for a financial transformation that significantly changed the face of digital finances today. From trading at less than a dollar to reaching nearly $70,000 in value,...

Macroeconomic headwinds continue to pressure the crypto market, but bulls appear steadfast on holding $28,000 for support and this could provide tailwinds for altcoins. Bitcoin’s (BTC) price initially dipped, but then recovered on April 3. The volatility happened after several OPEC+ members announced plans to cut oil production totaling 1.65 million barrels per day until the end of the year. Some analysts expect this move to tighten supply, resulting in higher prices at the pump. That may in turn boost inflation, warranting a continued hawkish stance from central banks. Initially, the United States Dollar index (DXY) rose but it could not sustain the intraday rally. This suggests that the market participants believe the event will not cause any major deviation in the Federal Reserve’s policy. A weaker DXY is generally considered a positive for risky assets. Daily cryptocurrency market performance. Source: Coin360 Cryptocurrencies have remained strong in the face of adverse macroeconom...

Bullish crypto momentum fizzled after Fed Chair Powell poured cold water on investors’ hopes that a positive CPI report would trigger a trend change, but higher time frames remain interesting. Crypto Markets threw a nice head fake this week by rallying into resistance on a “positive” Consumer Price Index (CPI) report, before retracing the majority of those gains right after Federal Reserve Chair Jerome Powell took on a surprisingly hawkish tone during his post-rate-hike presser.  The Fed hiked interest rates by 0.50%, which was well within the expectation of most market participants, but the eyebrow-raiser was the Federal Open Market Committee consensus that rates would need to reach the 5%–5.5%+ range in order to hopefully achieve the Fed’s 2% inflation target. This basically threw cold water on traders’ lusty dreams of a Fed policy pivot taking place in the first half of 2023, and the damper on sentiment was felt throughout crypto and equities markets. As the charts below show, Bit...