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On June 14, it was reported that on June 13, Wang Yi, member of the Political Bureau of the CPC Central Committee and Foreign Minister, held talks with Mongolian Foreign Minister Battsetseg in Ulaanbaatar. Wang Yi emphasized that China is willing to work with Mongolia, under the strategic guidance of the two heads of state, to continue efforts towards building a community with a shared future of peaceful coexistence, mutual assistance, and win-win cooperation. Chinas foreign policy has always maintained continuity and stability, and China is willing to continue to be a trustworthy and reliable partner for Mongolia, providing sustainable support for Mongolias development and revitalization. Chinas 15th Five-Year Plan provides a comprehensive plan for high-quality development over the next five years and also offers the world a list of opportunities. The Chinese and Mongolian economies are highly complementary, and strengthening the alignment of development strategies is conducive to expanding cooperation areas, tapping cooperation potential, and promoting the economic and social development of both countries. China is willing to work with Mongolia to jointly build the Belt and Road Initiative with high quality, expand economic and trade cooperation, promote the improvement and increase of cooperation in various fields, and achieve more tangible results.June 14th - According to the China State Railway Group, from January to May this year, the national railway system transported a total of 1.67 billion tons of freight, with daily loading volume reaching a record high. Data released by the China State Railway Group shows that in the first five months, the national railway system transported a total of 1.67 billion tons of freight, a year-on-year increase of 1.8%; the average daily loading volume was 186,300 wagons, a year-on-year increase of 2.8%, with 202,400 wagons loaded on May 2nd, setting a new record for daily loading volume.According to Fox News: A senior U.S. government official said he believes an excellent and strong agreement has been reached.The Russian Ministry of Defense stated that air defense forces shot down 185 Ukrainian drones within 12 hours.On June 14, the Prime Minister and Foreign Minister of Qatar received a phone call from the Foreign Minister of Kuwait on June 13, 2026. During the call, they reviewed bilateral cooperation and ways to strengthen ties, and discussed mediation efforts between the United States and the Islamic Republic of Iran. In this context, both sides expressed high satisfaction with the progress made in the negotiations and the announcement by the Pakistani mediators of the final text of the peace agreement, and looked forward to the early signing of the agreement by the US and Iran. Both sides reaffirmed their full support for ongoing efforts to resolve all outstanding issues through dialogue and peaceful means, in order to consolidate regional and international security and stability and enhance the chances of achieving sustainable peace in the region.

Bitcoin Eyes $50,000, Bitcoin Surpasses Facebook In Market Capitalization

Eden

Oct 26, 2021 11:06

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Bitcoin price today is making a push back to $50,000 for the first time since El Salvador’s checked rollout of the largest cryptocurrency as legal tender at the start of September. Bitcoin was trading nearly 3% higher to $49,407.


Bitcoin rose 1.11% to $49533.7 by 15:50(GMT+8).


Bitcoin had plummeted from more than $52,000 per coin, over 17% on September 7 after El Salvador became the first country to adopt Bitcoin as legal tender as the rollout stumbled in its first hours. 


Other cryptocurrency prices today were mixed with ether, the coin linked to ethereum blockchain and the second largest crypto was trading marginally higher at $3,393.9. Cardano prices slipped nearly 1% to $2.20 whereas dogecoin surged 8% to $0.24.


"All crypto markets have been positive for a few days. The total crypto market capitalization has broken out of the descending channel pattern, indicating some type of trend reversal. We can definitely expect a recovery in the crypto markets, as the RSI indicator for BTC has also broken out of the pattern. With the dollar index weakening slightly compared to the last few days, we can only hope that the cryptocurrency markets will gain some buying momentum," said Siddharth Menon, COO of WazirX.


Meanwhile, cryptocurrency investment products and funds recorded inflows for a seventh straight week, data from digital asset manager CoinShares showed on Monday. Inflows to the sector were $90.2 million last week, led by bitcoin which snagged $69 million, according to CoinShares data as of October 1. Over the past seven weeks, crypto inflows reached $390 million.


Bitcoin recorded its third straight week of inflows. Ethereum products and funds, meanwhile, posted another week of inflows totalling $20 million, despite conceding market share to bitcoin in recent weeks. Inflows to ether, the token for the Ethereum blockchain, so far this year amount to $1 billion.


Another report showed that India, Vietnam and Pakistan are helping to lead the expansion of cryptocurrency markets in central and southern Asia, according to Chainalysis. India’s market grew 641% over the past year and Pakistan’s 711%, a report from Chainalysis showed, using a metric that estimates the total cryptocurrency received by a country.


Bitcoin Surpasses Facebook In Market Capitalization


Bitcoin achieves another big milestone by surpassing Facebook in market capitalization at over $929,014,620,160 at the time of writing, according to Asset Dash.


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Photo: Asset Dash


Even though Bitcoin has had some setbacks in price earlier this year, BTC continues to rise rampantly. In the past year, Bitcoin is up over 360%, compared to Facebook which is only up 22%. Facebook is just the next giant slain in Bitcoin’s path to becoming the world’s most valuable asset. Note that the comparison here is that of Facebook the publicly traded company and Bitcoin, the monetary asset and distributed network.


Bitcoin was the best performing asset of the last decade and has started off this decade really strong, which poises BTC to potentially becoming the best performing asset of this decade as well.


As we go into Q4 of this year, Bitcoin is primed to capture even more value and grow exponentially higher than what it is today. As we can see below, Bitcoin typically tends to perform well in Q4 of previous years. Q4 2020 was at the beginning of this current bull run we find ourselves in today. Many are predicting an even higher leg up this Q4 due to many circumstances such as the expansion of the monetary supply by central banks, El Salvador making bitcoin legal tender and adding it to their balance sheet, BTC being taken off exchanges by long term holders, and more.


Ranking BTC against the top stocks, it’s clear that Bitcoin is slowly climbing its way to the top of the list. With Bitcoin leapfrogging Facebook, that now puts it in 6th place, right behind Amazon. The next obstacles after that will be in order: Google, Saudi Aramco, Microsoft, then Apple. 

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