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BBC News
29-05-2025
- Entertainment
- BBC News
Five things you might not expect to see at the Suffolk Show
Suffolk is busier than ever this week as tens of thousands of people from far and wide attend the Suffolk Show in Trinity Park near event, which kicked off on Wednesday, celebrates the county's heritage and culture with visitors able to enjoy hundreds of shows, performances, food stalls and firm favourites make a return to the show, which will come to an end later on Thursday, there are also unexpected new things to see and do each year. Dinobot Dave One thing you might not expect to see at the Suffolk Show is a small, interactive dinosaur called was created by Transformers Car Hire, based in Leicester, which was invited to the show by the county Peters from the company said Dinobot Dave was "like a very big dog"."He interacts with everybody, you can stroke him under the chin, he'll roar for you, it's head waggles around, you can feed him and he waggles his tail," Mr Peters said."This was my manic idea one evening. It started out as a kid's toy - a green, fluffy dinosaur toy."I stripped him all the way down, took all the paint off him, took all the electronics out, all the motors, rebuilt him back up as the Dinobot, and we've put a saddle on him from a Shetland pony."This way, the kids can come sit on him and get some photos. He's a cool lad." Sherman tanks New for 2025 is the Victory 80 display, to commemorate Victory in Europe part of this, Sherman Tanks as well as other military vehicles can be tank was designed and built by the United States for World War was one of the most widely used tanks among the Western Allies and was deployed to Western Europe as well as North Africa and other places. Gliders Also new for this year's show is a glider display from the Army Gliding Club (Anglia) based at Wattisham Airfield near gliding club has existed for about 40 years and was established to introduce service personnel to the sport. The club now also accommodates veterans and Ginns, club secretary, said: "We exist to help soldiers learn to fly."It is fabulous, it is probably the best way to learn to fly and certainly the cheapest way to learn to fly."Our youngest solo pilot is 14 and he came to us at 13 with no flying experience and went solo in six months, a week after his 14th birthday." Vintage farming equipment Farming and agriculture are a huge part of the Suffolk Show - but you might not expect to see equipment that is over 100 years Hockley, a regional sales manager for G. Thurlow & Sons Ltd, based in Stowmarket, brought along vintage equipment to the event. This included a pair of ploughing engines that were originally built for World War One."When the war came to an end, they got adapted for an agricultural purpose," Mr Hockley said."We supplied these engines with the plough they pull across the field, with the cultivator and with the other attachments that it would have had back in the day."We also would have supplied the living accommodation - the hut, that the men who worked these machines slept and made their breakfast and lunch in."We've got paper records in the office going back to when these were sold, which we've supplied to their current owner." Boysie the huge horse Horses are another staple of the show, and while the likes of the Suffolk Punch and heavy horses are large, there is one that potentially towers above them is a 13-year-old Percheron horse that stands at about 2m (6.5ft)."He's 19.2 hands high, but he's never been officially measured because when we took him to the vet to measure him, their stick wasn't tall enough," Lynsey Atkin, Boysie's owner, said."He's very straightforward, considering he's a big horse, you'd think he'd be very scary, but actually he's really easy, calm, and I would happily put a beginner [rider] on him, which is nice because with a big horse you need them to be safe." Follow Suffolk news on BBC Sounds, Facebook, Instagram and X.
Yahoo
22-05-2025
- Business
- Yahoo
Bitcoin hits all-time high amid ‘price explosion'
The price of bitcoin has risen above $110,000 for the first time in its history, after surging nearly 50 per cent since April. The record-breaking rally takes the cryptocurrency above its previous all-time-high of just over $109,000, which it reached in January. The fresh high comes amid favourable market conditions for bitcoin and other risk assets, including a deescalation in the US-China trade war, as well as the lowering of interest rates across Europe and Asia. 'There are a number of narratives stewing that could cause the bitcoin price to explode,' Simon Peters, a crypto analyst at the investment platform eToro, wrote in an emailed comment to The Independent on Thursday. 'Firstly, global liquidity – essentially how much money is available in the global economy and a metric which the bitcoin price closely mirrors – is forecast to increase throughout the year. 'Secondly, a vast number of buyers and increased amounts of capital are all chasing a fixed supply. As well as individual investors, more publicly traded companies are adopting bitcoin treasury strategies, buying billions of dollars worth at a time.' Other leading cryptocurrencies have mirrored bitcoin's recent fortunes, with Ethereum, Solana, Dogecoin and Cardano all seeing significant price increases in recent days. The market surge has led some crypto analysts to revise their price predictions for 2025, though caution is always still advised due to the volatile nature of bitcoin. Nigel Green, CEO of global financial advisory firm deVere Group, told The Independent that the latest rally means his previous forecast for bitcoin hitting $150,000 this year 'no longer looks ambitious – it looks cautious'. He continued: 'This is a pivotal moment. It's not just that bitcoin has hit a new high. It's the confluence of macro tailwinds, political momentum, institutional flows, and retail resurgence. We're entering a new era of digital value, and bitcoin is leading it. 'The $150,000 price target we set earlier this year was bold at the time. But markets evolve – and so must forecasts. If current conditions hold, and we get a real regulatory green light before the August recess, a price above $175,000 is increasingly within reach.'
Khaleej Times
20-05-2025
- Business
- Khaleej Times
Bitcoin holds at $103,000 after hitting four-month high
Bitcoin started the week on a positive note on Monday, rising above $107,000 — the highest since January 24, according to CoinDesk data —before pulling back to $102,000. At the time of writing, the world's largest cryptocurrency was trading around 3 per cent lower to around $103,000. The price action has raised concerns among traders about a potential bull trap, especially as momentum indicators show early signs of exhaustion. 'Despite continued positive corporate and institutional flows in the form of spot Bitcoin Exchange Traded Funds (ETFs) and Meta Planet's accumulation, bearish sentiment appears to be gaining ground in the short term,' Manish Chhetri, analyst at FXStreet, wrote in a note. CoinGlass data shows that BTC's long-to-short ratio falls to 0.94, the lowest level over a month. A ratio below one indicates that a larger number of traders are betting on the asset price to fall. Despite the retracement, the largest cryptocurrency continues to trend upward, forming higher highs and higher lows within an ascending consolidation channel, while its market dominance rose above 64 per cent, Coindesk data shows. There's a bullish bias in the options market, too. 'Deribit data shows a heavy concentration of call open interest above $100,000, particularly at the $110,000, $115,000 and $120,000 strike prices for May 30, when $8 billion in notional value expires. Call options, which give holders the right to buy BTC at a specific price, are typically used to bet that the price will rise to or above that level,' Coindesk said in a report. Bitcoin continues to show resilience as it consolidates around the $103,200 mark, following an overnight rally that briefly touched $107,000. Although the cryptocurrency was unable to sustain gains beyond this level, holding firm just under 6 per cent below the recent high is being viewed by analysts as a bullish sign. 'It's only a matter of time until we see a new all-time high,' said Simon Peters, Crypto Analyst at eToro. 'Bitcoin finding support at this level is encouraging as we look ahead to key industry events.' Market participants are now turning their attention to Bitcoin 2025, one of the world's largest cryptocurrency conferences, set to take place in Las Vegas from May 27 to 29. The event is expected to draw significant attention with a powerful lineup of speakers, including US Vice President JD Vance, MicroStrategy Chairman Michael Saylor, Senator Cynthia Lummis, and David Sacks, the White House's AI and Crypto Czar. With speculation mounting, the crypto community is eagerly anticipating updates on the US government's potential plans to expand its Strategic Bitcoin Reserve, along with possible announcements regarding the GENIUS Act and a proposed regulatory framework for stablecoins.
Zawya
28-04-2025
- Business
- Zawya
Bitcoin surges back above $90,000 as institutional interest and economic uncertainty drive market growth
Dubai, UAE: The cryptocurrency markets saw a solid week, with a total market capitalization surge of $300 billion, as Bitcoin broke through key resistance levels and continued its upward trajectory. Bitcoin gained 10%, pushing its price past the $90,000 mark, a level last seen in early March 2025. As of today, Bitcoin is nearing $95,000, marking a significant rebound. Simon Peters, Crypto Analyst at eToro, commented on the recent surge: "Despite the ongoing economic uncertainty, including the geopolitical tensions between the US and China and concerns around potential changes in leadership at the Federal Reserve, Bitcoin's strong performance has been impressive. While traditional markets remain under pressure, Bitcoin has shown resilience, and this could signal a shift in how institutional and retail investors view the asset. It's clear that Bitcoin is emerging as a potential safe-haven asset, much like gold." The resurgence of Bitcoin comes despite broader economic uncertainty, including potential tariff increases between the US and China, ongoing tensions around President Trump's trade policies, and speculations regarding the future of Federal Reserve Chairman Jerome Powell. While traditional markets remain under pressure, Bitcoin's recent growth suggests a decoupling from its typical correlation with US markets, particularly tech stocks. In fact, Bitcoin has shown a growing correlation with gold, a traditional safe-haven asset, which could point to its increasing role as a hedge against economic uncertainty. Institutional Interest Grows with Significant Spot Bitcoin ETF Inflows The growing institutional interest in Bitcoin has been underscored by massive inflows into spot Bitcoin exchange-traded funds (ETFs). In the past week, the 7th and 8th largest days for net inflows into these ETFs were recorded, with inflows of $917 million and $912.7 million, respectively. This uptick in institutional participation indicates a robust demand for Bitcoin as a financial asset. Simon Peters added: "With gold at record highs, many investors appear to be turning to Bitcoin as an alternative store of value or a digital equivalent of the precious metal, often referred to as 'digital gold.' The growing institutional interest, combined with Bitcoin's increasing correlation with gold, suggests that investors are increasingly viewing Bitcoin as a hedge against economic instability." Economic Data and Fed Policy to Drive Markets in the Week Ahead Looking ahead, market participants are closely watching upcoming US economic data, including the Personal Consumption Expenditures (PCE) index, the Federal Reserve's preferred inflation measure. This will be a key indicator for the Fed's interest rate decisions in its upcoming meeting on May 7th. Additionally, other data points such as Advanced GDP, Manufacturing PMI, and Non-Farm Payroll figures will provide further insights into the health of the US economy. Biggest Movers in Crypto Markets This week's crypto market saw several standout performers: $TRUMP: The meme coin associated with former US President Donald Trump rallied by 70% after it was announced that Trump would host a private dinner for the top 220 holders of the $TRUMP token at his Washington DC private club on May 22nd. Despite the recent rally, the price of $TRUMP remains well below its January 2025 high of $77, currently trading at $15.21. $SUI: Another big mover, the Sui token surged by 64% following Grayscale's announcement of the Sui Trust, offering accredited investors in traditional finance exposure to the crypto asset. The news of a potential Sui spot ETF also fueled investor enthusiasm. Eye-Catching Stories in Crypto In a major announcement, Strike CEO and prominent Bitcoin advocate Jack Mallers, along with Tether and SoftBank Group, unveiled Twenty One, a new venture designed to accumulate Bitcoin. The entity plans to go public via a SPAC merger with Cantor Equity Partners (CEP) under the ticker symbol XXI. Twenty One aims to replicate the success of other Bitcoin treasury companies like MicroStrategy and will hold over 42,000 Bitcoin at the merger's close, positioning itself as the third-largest publicly listed Bitcoin holder. About eToro: eToro is the trading and investing platform that empowers you to invest, share and learn. We were founded in 2007 with the vision of a world where everyone can trade and invest in a simple and transparent way. Today we have over 38 million registered users from more than 75 countries. We believe there is power in shared knowledge and that we can become more successful by investing together. So, we've created a collaborative investment community designed to provide you with the tools you need to grow your knowledge and wealth. On eToro, you can hold a range of traditional and innovative assets and choose how you invest: trade directly, invest in a portfolio, or copy other investors.
