Cryptocurrency News Today TheBitTimes.com

An under-the-radar Nasdaq-listed company is reportedly raising hundreds of millions of dollars to acquire crypto assets, including Official Trump (TRUMP), the President’s own meme token. According to a new report from The Wall Street Journal, GD Culture Group – a New York-based artificial-intelligence (AI) software firm with a market value of about $26 million – has raised $300 million to purchase digital assets such as Bitcoin (BTC) and TRUMP. The report says that the firm’s main investor is based in the British Virgin Islands, but no specific entity or person was named. The deal appears to be structured as an equity line of credit, meaning the investor will purchase $300 million worth of the firm’s stock over time at a discounted price and then sell the shares on the open market. News of the fundraise boosted GD Culture Group’s (GDC) stock price, pushing it from a low of $2.14 on May 13th to a peak of $2.31 on the 14th. GDC has since ret...

A widely followed crypto analyst says that one catalyst could spark a bull run for Bitcoin (BTC) and other digital assets. In a new video update, crypto strategist Jason Pizzino tells his 334,000 YouTube subscribers that the latest BTC crash can be attributed to the US dollar breaking out of its slump. “Bitcoin also dropped for a few days but then found its peak when the US dollar found its low… Now we find ourselves at the present day where we’ve just seen the US dollar break out of its downtrend… And this seems to have put pressure on Bitcoin, at least in the short term.” Looking at the U.S. Dollar Index (DXY) chart, Pizzino says that while it may have some more room to rise, traders should keep an eye out for a rejection near a specific area as that could spark a massive bull market for digital assets and possibly the stock market. “I think [the DXY has] got a little bit more upside here… Now we come up to test around the 101.8 top, 10...

A closely followed analyst believes that one Ethereum (ETH) challenger is gearing up to spark massive rallies and play catch-up with other high-flying crypto assets. In a video update, pseudonymous analyst Rager tells his 197,800 followers on the social media platform X that Fantom (FTM) is one of his highest conviction trades for the coming year. Rager says Fantom’s upcoming migration to Sonic could push the altcoin to revisit all-time high levels. “If you just look at the Fantom chart, you’re going to have an idea of how high this can go. All-time high close [is] around $3.30, $3.50 as the all-time high. That only puts it at around $10-$11 billion market cap.  Currently, Fantom is sitting around not even $2 billion market cap at $0.70. When you have L1s, L2s and a lot of other coins in general… I see Fantom or Sonic taking over those, and of course, that would put it around the top 20… I do think it could hit all-time highs again ...