Cryptocurrency News Today TheBitTimes.com

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 ...

Alphabet Inc. (GOOGL) stock has seen struggles in 2025 thus far compared to its magnificent-seven rivals, Microsoft and Meta. Alphabet shares are in a risky position on their daily price chart. Experts are worrying that the Google developer’s revenue could dip by 56%, tanking shares. GOOGL stock took a hit earlier this month, reversing a 20% climb down to just a 6% one in 30 days, after Apple’s announcement of looking into its own AI search engine . Alphabet’s partnership with Apple is a very profitable one, and should the partnership be cut or revenue from it drop, it could cause Alphabet stock to fall further. Fortunately, Alphabet’s Google has been making strides in a different direction in order to bring in more revenue. The company faced concerns about tariffs back in April that harmed GOOGL and other top stocks. Now, Google is looking to advance its powerful Pixel smartphone software development in India. Indeed, Google began direct online sales of its popular hardware...

Dogecoin (DOGE) has garnered quite a following over the last decade. The original memecoin has attained a cult-like status within the crypto space and the larger online community. DOGE’s incredible success has led to the asset finding fans in tech moguls like Elon Musk. Why Elon Musk’s Favorite Crypto, Dogecoin, May Surge in 2025 Source: The Indian Express Musk has publicly stated that Dogecoin (DOGE) is his favorite crypto project. The world’s richest person has cited the project’s non-serious nature as one of his reasons for liking the cryptocurrency. Musk has gone as far as to enable DOGE payments for Tesla and SpaceX merchandise. Also Read: Elon Musk’s xAI Joins Telegram in $300M Grok Partnership We already know that a DOGE ETF application is currently awaiting approval at the SEC. There is a high chance that the financial watchdog will greenlight a spot DOGE ETF sometime this year. There is also a high chance that Musk’s X social media platform will ac...

Tanzania took a leaf from the BRICS alliance and announced a ban on US dollar transactions within the country. Only the Tanzanian Shillings (TZS) are made a legal tender while all foreign currencies are deemed illegal. The government decided after foreign currencies were used for all local transactions among residents. To curb the influence and strengthen the TZS, President Samia Suluhu Hassan took the bold step of leaving other currencies behind. Also Read: Can BRICS Topple the US Dollar? Brazil Central Bank Director Explains BRICS: Tanzania’s New update, Businesses That Deal With Foreigners Can Transact in the US Dollar Source: altezzatravel.com Johnson Nyella, Principal Secretary for the Ministry of Finance made a major announcement that businesses in Tanzania that deal with foreigners are allowed to accept the US dollar for transactions. The decision came after businesses showed concerns that foreign clients are reluctant to conduct business in local currencies. Therefore, the...

Ripple’s XRP is currently hovering around the $2.3 mark after rising more than 300% in a year. It is among the top-performing cryptocurrencies in the markets and is the most sought-after altcoin in the sector. The markets are bullish currently as Bitcoin is trading at the $109,500 range which led the cryptocurrency sector to see a surge in value. Also Read: Last Chance to Buy XRP Under $3, Warns Top US Exchange If Bitcoin spikes, Ripple’s XRP also moves in tandem as the leading altcoin is closely integrated into its volatility. Not just Ripple’s native token, even Ethereum, Cardano’s ADA, and VeChain all sustainably scale up in the indices. Therefore, the broader cryptocurrency market now depends on Bitcoin’s price performance as they are all intertwined in the digital assets sector. Ripple: Finder’s Give $13 Price Target For XRP Source: Watcher Guru XRP has received a bullish price prediction from the Finder’s panel of experts with a price targ...

BlackRock and Mukesh Ambani have officially launched their India mutual fund operations after receiving SEBI approval. The Jio BlackRock launch represents a significant milestone for India’s asset management sector, and the Ambani BlackRock India partnership appointed Sid Swaminathan as CEO to lead their digital-first asset management approach. This collaboration combines Jio Financial Services’ extensive digital reach with BlackRock’s global expertise worth $10 trillion. Also Read: How Much Bitcoin Did BlackRock Purchase in May 2025? How BlackRock’s India Entry With Jio Redefines Mutual Fund Growth Source: Business Standard SEBI Grants Official Approval On May 27, 2025, the Securities and Exchange Board of India gave its approval to Jio BlackRock Asset Management’s mutual fund operations. Mukesh Ambani‘s Jio Financial Services and BlackRock have structured this BlackRock India mutual fund venture as a 50:50 partnership. The companies initially annou...

Top cryptocurrency trader James Wynn has suffered a staggering loss after closing $1 billion worth of short positions on Bitcoin (BTC) in less than a day. Details of the trade indicate that the transaction occurred on the decentralized exchange Hyperliquid, where Wynn incurred a $15.86 million loss after closing a short position on Bitcoin, according to the latest on-chain data obtained by Finbold from HyperDash . James Wynn losing Bitcoin short position. Source: HyperDash The loss was recorded on May 25, following the closure of Wynn’s BTC short. He took a $15.53 million hit on the position itself, along with nearly $940,899 in fees, resulting in a net loss of $15.86 million. Notably, after the trade, data shows that Wynn had opened a $1 billion short position using 40x leverage, risking his entire $50 million wallet. This stands as the largest on-chain bet ever placed. The short position was entered at an average price of $107,077. If BTC rises above $110,446...

Large holders of the Avalanche token, aka AVAX Whales, are increasing their net inflows of the cryptocurrency, with inflows up 380%. The asset is being picked up in large volumes as investors expect a price climb to come soon. Analysts suggest the continued accumulation could help AVAX clear the next resistance, around $24, and push toward $30. Avalanche (AVAX) seems to be following the crypto market’s current positive trajectory. The project’s market cap is very close to overtaking Chainlink (LINK) as the 13th most valuable cryptocurrency. AVAX has a valuation of $10.025 billion, while LINK has a valuation of $10.45 billion. AVAX is now less than $50 million away from taking the 13th spot. The asset is also up following FIFA’s blockchain partnership and the $100 million Avalanche Fusion initiative launch. FIFA officially selected Avalanche to power its dedicated blockchain network, and this represents a major shift in the sports organization’s Web3 strategy. If projects like FIFA...

The cryptocurrency market has certainly struggled with consistency just four months into the new year. Moreover, this has created a rather concerning problem for the memecoinmarket, as sluggish price performances have been the norm. However, that may be changing, as Solana has seen its daily meme coin trading volume jump by $1 billion in May as it dominated activity. The development shows that the asset class on the Solana network may be tracking Bitcoin. Indeed, the leading cryptocurrency surged to a $111,000 all-time high this week amid a historic jump. Now, that could be propelling a host of other digital assets up in the same way. Source: Mudres Also Read: SOL Strategies Purchases 122,524 Solana (SOL) worth $20 Million Solana Memecoin Trading Volume Jumps 46% Between April and May Entering 2025, there were few cryptocurrencies that had the kind of hype Solana had. The token was set to be the subject of several ETF filings. Moreover, there was a good chance that it would soon join B...

The cryptocurrency market has resumed its bullish trend, led by Bitcoin (BTC), which is trading at a new record high above $110,000. However, this optimism, driven by increased buying pressure from investors, has led to overbought conditions for specific cryptocurrencies, making them risky bets for traders heading into the weekend. In this context, below are two overbought assets to hold off on trading, as they currently exhibit elevated Relative Strength Index (RSI) levels. Bitcoin (BTC) Bitcoin is trading at $110,975, surpassing its last record high. However, the asset’s RSI values across multiple timeframes suggest caution.  For example, the RSI reads 50.82 on the one-hour chart, 65.38 over four hours, 69.28 over 12 hours, and 74.53 over the past 24 hours. BTC RSI reading. Source: Coinglass Notably, an RSI above 70 typically indicates overbought conditions, and Bitcoin’s 24-hour RSI signals the potential for a pullback as buying press...

VeChain’s groundbreaking cross-chain bridge launch on May 21, 2025, positions VET for explosive 150-200% gains throughout 2025. The VeChain partnership with Wanchain enables blockchain interoperability across 40+ networks including Bitcoin and Ethereum, and also sparks bullish VET price prediction forecasts that could see the token reach $0.15 by year-end, right now making it one of the most watched cryptocurrencies. https://t.co/dvCvD2A3mx — VeChain (@vechainofficial) May 21, 2025 Also Read: Pi Coin Price Prediction: $600 Investment Could Make You a Mini-Whale by 2030 VeChain Blockchain Interoperability And Vet Price Prediction Amid Market Volatility Source: Invezz.com VeChain’s first-ever cross-chain bridge represents a pivotal moment for blockchain interoperability, and also marks a significant shift in how the network operates. The bridge connects VeChain with major networks including Ethereum, Bitcoin, and Solana, allowing seamless asset transfers of ETH, USDC, USDT, VE...

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 ...