Latest news with #AugustineFan
Yahoo
11-08-2025
- Business
- Yahoo
Ether Volatility Spikes on Rally as Bitcoin Edges Back Toward Record Highs
Crypto markets began Monday on a high note, with ether (ETH) up more than 21% over the past seven days to $4,300 and bitcoin (BTC) climbing 3% to within touching distance of record highs. BTC led gains among majors in the past 24 hours, with Solana's SOL (SOL), XRP (XRP), dogecoin (DOGE), and BNB Chain's BNB (BNB) rising nearly 1%, but reversing all profit-taking from the weekend to start the week in green. The S&P 500 recovered from last week's post-payrolls dip to near all-time highs, while the Nasdaq set a new record on strong earnings, shrugging off political noise and fresh U.S. import taxes. ETH has outperformed sharply against this macro backdrop, driving a divergence in short-dated implied volatility between majors. 'BTC IV remains near all-time lows while ETH has jumped materially,' said Augustine Fan, Head of Insights at SignalPlus, told CoinDesk in a Monday note. 'Term structure on ETH is inverted, with long-dated vol expected to settle near 70%, while BTC's curve is the opposite — short-dated vol heavily compressed with spot stuck around $120K. A month ago, markets priced just a 5% chance of ETH hitting $4.5K in August; spot has far outpaced those expectations," he added. ETH's strength has been underpinned by pro-crypto regulatory signals and heavy inflows into ETFs, with traders betting on a retest of its all-time high. Bitcoin, which has been slower to respond, is now showing signs of catching up, suggesting that institutions are less hesitant to add exposure across the board. 'Given the strong rally over the weekend, we expect prices for both BTC and ETH to continue to rise, barring any tariff shocks,' said Jeff Mei, COO at BTSE, told CoinDesk in a Telegram message.'Traders should also watch developments around the next Fed chair nomination, plus this week's CPI and PPI releases, which could shape rate-cut expectations,' Mei added. Erreur lors de la récupération des données Connectez-vous pour accéder à votre portefeuille Erreur lors de la récupération des données Erreur lors de la récupération des données Erreur lors de la récupération des données Erreur lors de la récupération des données
Yahoo
14-07-2025
- Business
- Yahoo
As Bitcoin Rushes Past $122K, What's Next for Ether, XRP, Dogecoin?
Bitcoin (BTC) extended its breakout to a new all-time high of $122,000 on Monday, triggering a broad crypto rally as ETF inflows, short liquidations, and policy optimism from Washington continued to buoy a bullish mood. Ether (ETH) broke through $3,000, supported by $383 million in ETF inflows on Friday. Majors tokens have surged in the past week amid BTC's strength. XRP (XRP) trading near $2.95, up 30% on a weekly basis, Solana's SOL reclaiming the $167 level, and dogecoin (DOGE) jumping over 20%, fueled by retail rotations and memecoin chatter. This mirrors patterns observed in previous cycles, where a BTC rally acts as a liquidity unlock for the broader market. If macroeconomic conditions hold and bitcoin stabilizes above $ 120,000, further upside in large-cap altcoins appears likely in the coming weeks, traders opine. With the U.S. kicking off 'Crypto Week' in Congress, a series of hearings aimed at making America the 'crypto capital of the world,' traders are positioning for legislative tailwinds. 'Crypto prices benefited from the major melt-up fervor with BTC trading up to the high $118K area, liquidating over $1 billion in shorts,' said Augustine Fan, Head of Insights at SignalPlus, in a Telegram message. 'Market sentiment is likely to stay frothy into the summer, with the only real risk catalyst being a complete breakdown of tariff negotiations, but the ball is sitting with the President on how aggressive he wants to push his current hand,' Fan added. Strong on-chain support at $109,000, along with cross-asset flows from equities into digital assets, is giving bulls more confidence. As Eugene Cheung, CCO at OSL, put it: 'The trend remains bullish. We could see Bitcoin test $130K–$150K by year-end if macro winds cooperate.' Meanwhile, equity-index futures in the U.S. and Europe retreated early Monday after Trump announced a 30% tariff on goods from the European Union and Mexico, escalating trade tensions that had already rattled Brazil, Algeria, and Canada last week. S&P 500 contracts fell 0.4%, while Europe's Stoxx 600 futures dropped 0.6% as of Asian morning hours. Silver gained to trade near levels last seen in 2011, suggesting broader market interest in hard in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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Business Standard
11-07-2025
- Business
- Business Standard
Bitcoin rally triggers $1.2 billion liquidations, bears hit hardest in 2025
The largest single Bitcoin liquidation, valued at $88.5 million, was on the exchange HTX. Overall, about $1.29 billion in positions were wiped out across all tokens, the most this year Bloomberg The skeptics are being left in the dust amid Bitcoin's record-breaking rally, with over $1 billion in bearish crypto bets being liquidated over the past 24 hours. More than 279,00 traders had positions wiped out over that period as Bitcoin surged to an all-time high of $118,847, according to data compiled by Coinglass. The largest single Bitcoin liquidation, valued at $88.5 million, was on the exchange HTX. Overall, about $1.29 billion in positions were wiped out across all tokens, the most this year. 'The conditions for a slow grind higher have been in place for some time,' said Augustine Fan, a partner at crypto trading platform SignalPlus. 'Today's move appears to be a product of that setup.' Bitcoin broke out of a nearly two-month lull late Thursday, just as US President Donald Trump unleashed a trade salvo that sent stocks lower. By early Friday in London, the original cryptocurrency topped $118,000 for the first time and some options traders were targeting levels as high as $150,000. The crypto gains were widespread, with a host of tokens from Ether to Cardano notching big advances. Bullish signs are accumulating in various areas, from renewed ETF inflows to a Congressional committee declaring next week as 'Crypto Week.' There are also signs that China, which has banned digital-asset speculation for four years, is starting to rethink its policy. Traders and fund managers trying to parse the sudden melt-up are offering a variety of triggers, ranging from Bitcoin's lure as a haven from trade turmoil to an influx of retail money and various technical catalysts. Several market watchers said the combination of declining volatility and a drumbeat of positive news around US regulations over the past two months have set the stage for durable gains. The latest divergence between stocks and crypto stand in stark contrast to moves that followed Trump's 'Liberation Day' tariff shock on April 2. Then, both Bitcoin and equities initially cratered before recovering as Trump announced a pause in levies — although Bitcoin handily outpaced the S&P 500 index on the way back up. Bitcoin rose as much as 4.6% to just below $119,000 on Friday, while Ether rallied to above $3,000 for the first time since February, before paring the gain. ETFs investing in both tokens recorded their second-biggest daily inflows on Thursday.
Yahoo
12-06-2025
- Business
- Yahoo
Bitcoin, Dogecoin, Ether Could See Profit-Taking Even as Macro Conditions Improve
Bitcoin BTC held firm above $107,000 on Thursday, but signs of fatigue are beginning to surface across the broader crypto market as majors show early signs of profit-taking. Dogecoin DOGE was down nearly 4% at 19 cents, while Tron's TRX TRX slipped 5.5% to 27 cents. XRP XRP, BNB Chain's BNB BNB, Solana's SOL SOL, and Cardano's ADA ADA showed losses as much as 3%. Ether ETH, which outperformed BTC last week amid a surge in ETF inflows and bullish derivatives activity, also showed signs of cooling off after briefly topping $2,800. While the sentiment remains largely positive, multiple tokens are now hovering near local resistance levels, prompting cautious traders to lock in gains. Traders say the broader backdrop remains constructive. Momentum is quietly building across crypto markets, with underlying structural shifts catching the smart money's attention. 'Mainstream sentiment on crypto has turned around noticeably, especially on the back of Circle's successful IPO, with Gemini and Bullish having filed their own listing intentions with the SEC recently,' said Augustine Fan, Head of Insights at SignalPlus, in a Telegram message. 'BTC treasury plays have also been in vogue with a seemingly endless stream of companies looking to copy the MSTR playbook, not to mention the stablecoin excitement both in TradFi and onchain (e.g., Plasma)," he said. Macroeconomic developments may also be playing a role. Progress on U.S.-China trade talks and a softening inflation print have created a more favorable outlook for risk assets, some say, bolstering sentiment across equity and digital asset markets. 'The U.S.-China deal progress and softer CPI data are encouraging signs for global markets, easing inflationary pressures and creating a more stable economic outlook,' said Jeffrey Ding, Chief Analyst, HashKey Group, in a Telegram message. 'We're optimistic that digital assets will continue to grow as macroeconomic influences find resolution while institutions further integrate within the industry,' Ding added. Kraken economist Thomas Perfumo mirrored that institutional angle. 'The broad rally in crypto markets reflects its evolving role as a macro hedge amid rising real yield volatility and growing concerns over fiscal deficits,' Perfumo said in an email to CoinDesk. 'We're witnessing a virtuous cycle: the adoption of structural bid vehicles like spot ETFs — particularly within a more favorable U.S. regulatory environment — is absorbing supply far faster than anticipated,' he added.
Yahoo
12-06-2025
- Business
- Yahoo
Bitcoin, Dogecoin, Ether Could See Profit-Taking Even as Macro Conditions Improve
Bitcoin BTC held firm above $107,000 on Thursday, but signs of fatigue are beginning to surface across the broader crypto market as majors show early signs of profit-taking. Dogecoin DOGE was down nearly 4% at 19 cents, while Tron's TRX TRX slipped 5.5% to 27 cents. XRP XRP, BNB Chain's BNB BNB, Solana's SOL SOL, and Cardano's ADA ADA showed losses as much as 3%. Ether ETH, which outperformed BTC last week amid a surge in ETF inflows and bullish derivatives activity, also showed signs of cooling off after briefly topping $2,800. While the sentiment remains largely positive, multiple tokens are now hovering near local resistance levels, prompting cautious traders to lock in gains. Traders say the broader backdrop remains constructive. Momentum is quietly building across crypto markets, with underlying structural shifts catching the smart money's attention. 'Mainstream sentiment on crypto has turned around noticeably, especially on the back of Circle's successful IPO, with Gemini and Bullish having filed their own listing intentions with the SEC recently,' said Augustine Fan, Head of Insights at SignalPlus, in a Telegram message. 'BTC treasury plays have also been in vogue with a seemingly endless stream of companies looking to copy the MSTR playbook, not to mention the stablecoin excitement both in TradFi and onchain (e.g., Plasma)," he said. Macroeconomic developments may also be playing a role. Progress on U.S.-China trade talks and a softening inflation print have created a more favorable outlook for risk assets, some say, bolstering sentiment across equity and digital asset markets. 'The U.S.-China deal progress and softer CPI data are encouraging signs for global markets, easing inflationary pressures and creating a more stable economic outlook,' said Jeffrey Ding, Chief Analyst, HashKey Group, in a Telegram message. 'We're optimistic that digital assets will continue to grow as macroeconomic influences find resolution while institutions further integrate within the industry,' Ding added. Kraken economist Thomas Perfumo mirrored that institutional angle. 'The broad rally in crypto markets reflects its evolving role as a macro hedge amid rising real yield volatility and growing concerns over fiscal deficits,' Perfumo said in an email to CoinDesk. 'We're witnessing a virtuous cycle: the adoption of structural bid vehicles like spot ETFs — particularly within a more favorable U.S. regulatory environment — is absorbing supply far faster than anticipated,' he added.
