Cryptocurrency News Today TheBitTimes.com

Cryptocurrencies are having an explosive start this month, with $70 billion added to the overall crypto market capitalization in under 30 minutes on Wednesday, October 1. More precisely, the total value was sat at $3.87 trillion at around 10:25 AM CET (8:25 AM UTC), only to go up to $3.94 trillion at approximately 10:55 AM CET (8:55 AM UTC). Shortly after, the figure climbed even further, hovering around $3.95 trillion market cap at press time, according to TradingView data retrieved by Finbold. Total crypto market cap. Source: TradingView This marks an approximately $100 billion or 2.5% increase already in ‘Uptober’ from yesterday’s levels, which were around $3.85 trillion. Among the strongest gainers today in terms of market cap was the privacy coin Zcash (ZEC), which went from the 72nd to the 65th largest crypto in less than 24 hours, being up 40% on the daily chart. Featured image via Shutterstock Source: https://thebittimes.com/70-...

Since the start of the year, the cryptocurrency market has certainly struggled. With ongoing macroeconomic concerns and geopolitical tensions, momentum was certainly hard to come by. Yet, that may be set to change, as a US-China trade deal could be a catalyst toward pushing Bitcoin to a new 2025 all-time high. The leading cryptocurrency soared on news that the two countries had reached a new tariff deal. Specifically, they agreed to halt and lower their present import duty increases over the next 90 days. That has many hopeful that the two sides will be able to come together on a new trade deal. If they do, Bitcoin and a host of other financial markets could be set to benefit. Source: Reuters Also Read: Bitcoin Retakes $100k: Why Is BTC Up Today? US-China Trade Deal Gets Closer After Recent Agreement, and It Could See Bitcoin Explode In early April, the United States rolled out its new ‘Liberation Day’ tariff plan that instituted a 10% sweeping import tax on all nations. The...