Cryptocurrency Live News & Updates : Smart Money Faces $12.48M Losses on Altcoin Shorts
A smart money address, known as @ai_9684xtpa, is experiencing unrealized losses of $12.48 million after shorting various altcoins, following a recent market rally. In the latest cryptocurrency news, a smart money address has reported significant unrealized losses of $12.48 million due to short positions on altcoins, as the market has surged. Meanwhile, BNB has dipped below 760 USDT, showing only a slight increase of 1.23% in the last 24 hours. On a more positive note, the Blockchain Group has added 22 Bitcoin to its holdings, achieving an impressive 1,373% yield year-to-date, with its total BTC holdings now valued at $233.5 million. Bitcoin itself has seen a modest rise of 1.21% in the past day, trading close to the $120,000 mark. Additionally, the Thai SEC is considering easing testing requirements for retail crypto investors, aiming to reduce burdens while ensuring investment risks are aligned with product risks. Lastly, the Reserve Bank of Australia faces scrutiny as it holds interest rates steady despite weak inflation, with upcoming policy meeting minutes and a speech from Governor Bullock expected to provide clarity on future monetary policy decisions. These developments highlight the dynamic nature of the cryptocurrency market and regulatory landscape. Show more
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Economic Times
16 minutes ago
- Economic Times
Bitcoin hovers near $120,000; Ethereum jumps over 3% amid strong ETF inflows
Cryptocurrency markets surged, with Bitcoin nearing $120,000 and Ethereum leading altcoin gains, fueled by substantial ETF inflows. Ethereum's impressive performance has sparked talks of an "Ethereum season," potentially triggering broader altcoin rallies. Bitcoin is consolidating below resistance, while analysts eye macroeconomic factors and technical patterns for further upward momentum. Tired of too many ads? Remove Ads Crypto TrackerPowered By TOP COINS TOP COIN SETS BNB 73,887 ( 7.2 %) Buy Ethereum 3,36,591 ( 3.13 %) Buy XRP 283.32 ( 2.6 %) Buy Bitcoin 1,02,87,327 ( 0.66 %) Buy Tether 86.52 ( -0.02 %) Buy The cryptocurrency market traded higher on Monday, with Bitcoin inching closer to the $120,000 mark and Ethereum leading gains among of 12:15 pm IST, Bitcoin was up 1% at $119,493, while Ethereum surged 3.5% to $3,914, according to data from CoinMarketCap. The overall crypto market capitalisation rose 1.74% to $3.97 continued to outperform Bitcoin, adding to its recent strong performance. 'ETH jumped another 3.5% today, touching $3,900 and adding to its 59% surge over the past month,' said Shivam Thakral, CEO of BuyUcoin. 'Big money is pouring into Ethereum, with ETF inflows topping $2.2 billion last week—actually outpacing Bitcoin's numbers.'The bullish trend in Ethereum, backed by growing institutional interest, is prompting some market watchers to call this period an "Ethereum season" – a trend that has historically triggered rallies in other altcoins as altcoins also traded higher on Monday. BNB gained 6.7%, Avalanche 5%, Solana 3.3%, Dogecoin 2.6%, XRP 2.4%, Cardano 2%, and Chainlink 2.7%.Despite its recent rally, Bitcoin remains just shy of breaking above the $120,000 resistance level. 'Bitcoin continues to hover just shy of the $120,000 mark, catching its breath after bouncing back from its latest pullback,' Thakral said. Key support levels are currently at $116,411 and $115,000, while the next major resistance stands around $138, to Piyush Walke, Derivatives Research Analyst at Delta Exchange, 'Bitcoin has traded between $118,000 and $120,000 over the past two days. Momentum indicators like MACD and ADX are still positive, but overbought signals from Stochastic and Williams %R hint at potential short-term consolidation.'Sathvik Vishwanath, Co-Founder and CEO of Unocoin, noted that institutional inflows via ETFs remain a strong bullish driver. 'Bitcoin is consolidating just below $120K, forming a bullish cup-and-handle pattern,' he said. 'But strong overhead supply limits a breakout. If BTC manages to hold this range and volume picks up, a surge toward $130K is likely.'The recent price movement has also been supported by macroeconomic developments. Harish Vatnani, Head of Trade at ZebPay, said Bitcoin's rally above $119,000 coincided with easing geopolitical tensions after the U.S. and China agreed to delay mutual trade tariffs.'Bitcoin is now eyeing a daily close above its 10-day moving average, after rebounding from the $114,500 zone,' Vatnani added. He also pointed out that BTC recently made a new all-time high of $123,218 before pulling back to its current range between $120,500 and $115,500, where it's forming a potential bullish flag pattern. A breakout above $125,000 could lead to another leg up.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Time of India
an hour ago
- Time of India
Bitcoin hovers near $120,000; Ethereum jumps over 3% amid strong ETF inflows
The cryptocurrency market traded higher on Monday, with Bitcoin inching closer to the $120,000 mark and Ethereum leading gains among altcoins. As of 12:15 pm IST, Bitcoin was up 1% at $119,493, while Ethereum surged 3.5% to $3,914, according to data from CoinMarketCap. The overall crypto market capitalisation rose 1.74% to $3.97 trillion. Explore courses from Top Institutes in Please select course: Select a Course Category others Leadership Artificial Intelligence healthcare Project Management Data Science Management Degree CXO Technology MCA PGDM Cybersecurity Finance Product Management Design Thinking Data Science Others MBA Digital Marketing Operations Management Skills you'll gain: Duration: 16 Weeks Indian School of Business CERT - ISB Cybersecurity for Leaders Program India Starts on undefined Get Details Skills you'll gain: Duration: 16 Weeks Indian School of Business CERT - ISB Cybersecurity for Leaders Program India Starts on undefined Get Details Ethereum continued to outperform Bitcoin, adding to its recent strong performance. 'ETH jumped another 3.5% today, touching $3,900 and adding to its 59% surge over the past month,' said Shivam Thakral, CEO of BuyUcoin. 'Big money is pouring into Ethereum, with ETF inflows topping $2.2 billion last week—actually outpacing Bitcoin's numbers.' Crypto Tracker TOP COIN SETS DeFi Tracker 4.10% Buy NFT & Metaverse Tracker 2.06% Buy Web3 Tracker 1.27% Buy Crypto Blue Chip - 5 1.13% Buy AI Tracker -5.32% Buy TOP COINS (₹) BNB 73,887 ( 7.22% ) Buy Ethereum 336,659 ( 3.03% ) Buy XRP 284 ( 2.54% ) Buy Bitcoin 10,293,277 ( 0.68% ) Buy Tether 87 ( -0.01% ) Buy The bullish trend in Ethereum, backed by growing institutional interest, is prompting some market watchers to call this period an "Ethereum season" – a trend that has historically triggered rallies in other altcoins as well. Did you Know? The world of cryptocurrencies is very dynamic. Prices can go up or down in a matter of seconds. Thus, having reliable answers to such questions is crucial for investors. View Details » Major altcoins also traded higher on Monday. BNB gained 6.7%, Avalanche 5%, Solana 3.3%, Dogecoin 2.6%, XRP 2.4%, Cardano 2%, and Chainlink 2.7%. Despite its recent rally, Bitcoin remains just shy of breaking above the $120,000 resistance level. 'Bitcoin continues to hover just shy of the $120,000 mark, catching its breath after bouncing back from its latest pullback,' Thakral said. Key support levels are currently at $116,411 and $115,000, while the next major resistance stands around $138,000. According to Piyush Walke, Derivatives Research Analyst at Delta Exchange, 'Bitcoin has traded between $118,000 and $120,000 over the past two days. Momentum indicators like MACD and ADX are still positive, but overbought signals from Stochastic and Williams %R hint at potential short-term consolidation.' Sathvik Vishwanath, Co-Founder and CEO of Unocoin, noted that institutional inflows via ETFs remain a strong bullish driver. 'Bitcoin is consolidating just below $120K, forming a bullish cup-and-handle pattern,' he said. 'But strong overhead supply limits a breakout. If BTC manages to hold this range and volume picks up, a surge toward $130K is likely.' The recent price movement has also been supported by macroeconomic developments. Harish Vatnani, Head of Trade at ZebPay, said Bitcoin's rally above $119,000 coincided with easing geopolitical tensions after the U.S. and China agreed to delay mutual trade tariffs. 'Bitcoin is now eyeing a daily close above its 10-day moving average, after rebounding from the $114,500 zone,' Vatnani added. He also pointed out that BTC recently made a new all-time high of $123,218 before pulling back to its current range between $120,500 and $115,500, where it's forming a potential bullish flag pattern. A breakout above $125,000 could lead to another leg up. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
&w=3840&q=100)
Business Standard
an hour ago
- Business Standard
Ethereum outperforms Bitcoin; is ETH poised to lead next crypto bull run?
Ethereum (ETH) continues to steal the show in the crypto markets, outperforming the flagship currency Bitcoin (BTC), which has entered a consolidation phase after reaching a fresh peak earlier this month. So far this month, Ethereum has surged nearly 59 per cent. Market analysts suggest that the current trend signals the emergence of an "Ethereum season" in the crypto space. At last check, Ethereum was trading at $3,925, down 4 per cent, with a 24-hour trading volume of $31.14 billion, according to CoinMarketCap. Over the past 24 hours, it has fluctuated between $3,756 and $3,940. Despite the recent rally, ETH remains 19 per cent below its all-time high of $4,891, scaled in November 2021. Experts weigh in Shivam Thakral, CEO of BuyUcoin, attributed Ethereum's rally to strong ETF inflows. 'Big money is pouring into Ethereum, with ETF inflows topping $2.2 billion last week—actually outpacing Bitcoin's numbers,' said Thakral. Market watchers are calling this phase the start of an 'Ethereum season.' If history is any guide, Thakral believes this could spark a broader rally across other altcoins. Piyush Walke, derivatives research analyst at Delta Exchange, also that believes Ethereum's current trend signals renewed bullish sentiment, though some signs of buyer fatigue are beginning to emerge. 'Overall, Ethereum's performance remains relatively stronger, while Bitcoin shows resilience within a tightening trading range and mixed technical signals,' said Walke. Bitcoin faces resistance at the $119,500–$119,900 zone Bitcoin, meanwhile, is catching its breath after bouncing back from its latest pullback. At last check, BTC was quoted at $119,546, up nearly 1 per cent, with a 24-hour trading volume of $58.18 billion and a market capitalisation of $2.37 trillion, according to CoinMarketCap. The flagship cryptocurrency is currently around 3 per cent below its all-time high of $123,091, scaled earlier this month on July 14. At current levels, traders are closely watching to see if BTC can break through a stubborn resistance level. 'The next moves will largely depend on whether Bitcoin can maintain its footing here, with key support levels at $116,411 and $115,000, while resistance lies ahead at around $138,000,' said Thakral. Walke echoed similar views, noting that while Bitcoin's price action has been mixed—initially declining before recovering—momentum indicators like MACD and ADX remain positive, suggesting continued upward potential. 'However, overbought signals from tools like the Stochastic, Stoch-RSI, and Williams %R point to possible consolidation or a short-term pullback,' he added. According to the CoinSwitch Markets Desk, technical data for Bitcoin shows a strong buy signal across multiple moving average and indicator metrics. The 5-, 20-, and 50-day MAs, they said, are all supportive, while the RSI, MACD, and ADX remain in bullish alignment. 'Near-term resistance lies at $119,500–$119,900, while support zones cluster around $116K (CME gap) and $114,000–$115,000. A deeper correction could be triggered if these levels are breached, potentially pulling BTC toward $112,000–$113,800. " Traders eye altseason With Bitcoin maintaining strong price support just below the $120,000 mark, analysts believe an altcoin season may be on the horizon. ETH/BTC has been rising for five consecutive weeks. 'While ETH might face strong resistance near the $4,000 mark, another short squeeze is likely, especially with more ETH treasury companies like SBET emerging in the US, aiming to replicate for ETH what Saylor's strategy did for BTC,' analysts noted. Separately, the US Federal Reserve's interest rate meeting scheduled for Wednesday, July 30, will be a key event to watch. While no rate change is expected, analysts say an unlikely surprise rate cut could trigger a massive rally across both stock and crypto markets.
