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Reading the World
Trends
- 1Bitcoin Rockets After Fidelity Issues $100,000 Price Prediction▼Bitcoin Suddenly Rockets On $100,000 Fidelity Price Game-Changer
Bitcoin has surged sharply after Fidelity, one of the world's largest asset managers, issued a bold $100,000 price target for the cryptocurrency. The forecast is being read as a major vote of confidence from institutional finance, and traders are piling in on the momentum. Commentators are debating whether institutional endorsement marks a turning point for bitcoin's mainstream adoption.
- 2China factory activity returns to expansion●Factory activity returns to expansion in a positive sign for China’s economy
China's factory sector has returned to growth, with the latest reading of manufacturing activity moving back into expansion territory. The pickup is being reported as an encouraging signal for the world's second-largest economy, which has faced weak demand and property-sector troubles. Analysts will be watching whether the improvement holds in coming months and whether consumers and businesses gain confidence.