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Yahoo
24-05-2025
- Business
- Yahoo
Bitcoin Breaks $111,000 As Experts Hail 'Regime Shift'
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Even as Bitcoin (CRYPTO: BTC) has hit a new all-time high above $111,000, driven by surging institutional demand, tightening supply, and macroeconomic tailwinds, experts caution the rally isn't without structural risks, including the looming threat of quantum computing. What Happened: Bitcoin surged to a new record of $111,544 on Wednesday, extending its post-halving uptrend and highlighting its growing appeal to institutions amid dovish macro signals. The cryptocurrency was last trading at $111,000, up roughly 1% for the day. The broader market also gained, with Ethereum (CRYPTO: ETH), Solana (CRYPTO: SOL), XRP (CRYPTO: XRP), and BNB (CRYPTO: BNB) up 5%, 6%, 3.4%, and 4.6%, respectively. Trending: — no wallets, just price speculation and free paper trading to practice different strategies. However, market sentiment at 72 nears extreme greed, making growth susceptible to pullbacks, especially amid a U.S. government bond sell-off. What Experts Are Saying: Analysts say the rally is being powered by real spot demand and record ETF inflows, not leverage or hype. Bitget Research's Chief Analyst Ryan Lee said the rally "reflects a regime shift," citing ETF-driven accumulation and a post-halving supply crunch. "Institutional adoption is accelerating, and regulatory clarity, particularly progress on the GENIUS Act is reinforcing market confidence," Lee noted, although he warned that "a stronger U.S. dollar or fresh geopolitical tensions could easily knock momentum off course." The rally has pushed the total crypto market capitalization briefly past $3.5 trillion. Still, FxPro's Alex Kuptsikevich cautioned that the absence of FOMO means growth may remain fragile. "Sentiment at 72 is near the extreme greed zone. That often precedes corrective pullbacks," he said. Bitfinex analysts noted the breakout above $109,500 was driven by "clean spot demand, ETF inflows, and a macro backdrop that favors risk-on assets." They added that funding rates remain stable and open interest is rising in line with price—hallmarks of a structurally sound Next: Yet, not all analysts are focused on short-term price moves. David Carvalho, CEO of Naoris Protocol, warned that quantum computing is a "credible existential threat" to Bitcoin's long-term integrity. "There are over 100 quantum machines operational globally. With Shor's algorithm, they could break Bitcoin's cryptography," he said, referencing the Elliptic Curve Digital Signature Algorithm that secures the majority of BTC. "Roughly 30% of Bitcoin sits in wallets vulnerable to quantum attacks." Carvalho noted that while major institutions like BlackRock (NYSE:BLK) and agencies such as the NSA are preparing for a quantum-secure future, "investors remain overconfident in the current cryptographic defenses." He added, "If even one high-profile wallet is compromised, trust in the system could collapse overnight." Roshan Robert, U.S. CEO of OKX, emphasized the broader context: "Bitcoin's rise isn't just speculative. It reflects how capital preservation is being redefined across institutions and sovereigns." With price targets between $114,000 and $125,000 being flagged by several analysts as the next resistance zones, the immediate focus remains on ETF flows and macro data, including U.S. labor figures and central bank remarks later this week. Read Next: New to crypto? Get up to $400 in rewards for successfully completing short educational courses and making your first qualifying trade on Coinbase. A must-have for all crypto enthusiasts: Sign up for the Gemini Credit Card today and earn rewards on Bitcoin Ether, or 60+ other tokens, with every purchase. Image: Shutterstock Send To MSN: Send to MSN This article Bitcoin Breaks $111,000 As Experts Hail 'Regime Shift' originally appeared on Error 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
Time of India
22-05-2025
- Business
- Time of India
Bitcoin crosses $111,000 amid ETF inflows, but can the rally hold?
Synopsis According to Ryan Lee, Chief Analyst at Bitget Research, Bitcoin's recent rally is being driven by strong institutional demand, a post-halving supply shortage, and increasing regulatory clarity. 'Spot Bitcoin ETF inflows are steadily rising, and the post-halving supply crunch is clearly intensifying market dynamics,' he noted.
Mint
24-04-2025
- Business
- Mint
Bitcoin price today at $92,410: Crypto markets rally, then drop, experts feel sentiments ‘cautious'
Bitcoin price today: Bitcoin opened at the 93,000 levels on April 24, in what CoinDCX called a 'price consolidation around the gains' carried from closing yesterday. The world's biggest cryptocurrency by circulation, holds 63.55 per cent dominance in the crypto market, up 0.23 per cent over the past day, data on CoinMarketCap showed. Around 9.30 am, Bitcoin slipped to $92,410.81, down 0.78 per cent, with market cap recorded at $1.83 trillion and trading volume at $37.7 billion. Ryan Lee, Chief Analyst at Bitget Research concurs. He feels that Bitcoin's surge to $93,000, fueled by easing trade tensions, is encountering resistance around $91,275—a level aligning with the average cost basis of short-term holders. "This convergence suggests potential selling pressure as traders aim to break even. Despite the price uptick, derivatives markets reflect cautious sentiment; futures premiums are subdued, and options skews remain neutral, indicating a lack of strong bullish conviction. Lee advises investors to 'closely monitor macroeconomic indicators and market liquidity, as these factors will likely influence Bitcoin's near-term trajectory'. In fact, at time of writing, at 9.40 am on April 24, crypto tokens saw minor dips across the board, with the total market capitalisation at $2.9 trillion, down 0.92 per cent over the past 24 hours, CoinMarketCap data added. Second biggest crypto token, Ethrereum network's Ether was at $1,763.11 apiece, with market cap of $212.83 billion, and trade volumes worth $20.01 billion. Accoriding to Avinash Shekhar, Co-founder, and CEO of Pi42, Bitcoin, Ethereum and even Dogecoin were impacted by Donald Trump's change of decision over China tariffs. While stablecoin Tether, which is linked to the United States Dollar (USD), was at $1/apiece, with market cap at $145.65 billion, and trade volume at $83.47 billion. Further, the meme token and US President Donald Trump's favoured, Solana was at $148.02, with market cap of $76.57 billion, and volume of $4.6 billion. CoinDCX Research Team also pointed out that Donald Trump's official meme coin $TRUMP presented 'massive bullish candles' after the US President indicated he would hold dinner with crypto industry representatives soon. The CoinSwitch Markets Desk reported a 60 per cent spike in the TRUMP token. At time of writing, OFFICIAL TRUMP is at $11.99, up 27.80 per cent, with market cap of $2.39 billion and trade volume of $4.85 billion. According to Edul Patel, Co-founder and CEO of Mudrex, in the morning, Bitcoin held around the $93,500 level, in line with a strong 12 per cent rally this week. He feels that prices will stabilise with data for US jobless claims likely to influence short-term sentiment. Patel said, 'Looking ahead, US jobless claims data due later today could influence short-term sentiment. Bitcoin now faces resistance at $96,300, with immediate support at $91,700.' Shekhar added, '… Bitcoin has a reserved uptrend, but with geopolitics and macroeconomic repositions, the trend is closer to walking thin ice… As optimism mounts, the road forward calls for monitoring resistance levels and wider market signals as the next phase emerges. Traders are exercising caution, weighing short-term profits against long-term viability. Any geopolitical and macroeconomic factors worldwide could rapidly reverse the current bullish momentum.' But some were more optimistic. Piyush Walke, Derivatives Research Analyst at Delta Exchange feels that Bitcoin is 'currently consolidating its recent gains and appears poised for another move higher, potentially surpassing the $94,000 mark in the near term.' Shivam Thakral, CEO of BuyUcoin feels, 'As per the data from Glass Node, US Bitcoin ETFs registered record inflows of nearly $1 billion on April 22, 2025, which shows renewed interest from institutional investors. This bullish momentum will create a strong foundation for BTC's next rally, and it may retest its all-time high.' First Published: 24 Apr 2025, 11:26 AM IST
Yahoo
22-03-2025
- Business
- Yahoo
Solana Futures ETFs Launch, Expected To Boost Institutional Adoption Despite Limited Inflows
Volatility Shares is launching two Solana futures ETFs, the Volatility Shares Solana ETF (SOLZ) and the Volatility Shares 2X Solana ETF (SOLT), marking a key step in Solana's move into mainstream financial products. These ETFs are expected to help boost institutional adoption of the Solana (SOL) token, although there are concerns about their ability to attract significant inflows. Industry experts see the launch of Solana futures ETFs as a major milestone, with the potential to improve liquidity and demand for SOL. Ryan Lee, chief analyst at Bitget Research, believes that the ETFs could increase Solana's market position and potentially close the gap with Ethereum's market cap. He also highlighted that offering a regulated investment vehicle could attract institutional investors. However, others, like Bloomberg's senior ETF analyst Eric Balchunas, are cautious, pointing out that the spot Ether ETF has not brought in large inflows, and the same could happen with Solana futures ETFs. Despite this, the approval of a Solana spot ETF is viewed as a likely next step. Anmol Singh, co-founder of Bullet, a Solana-native exchange, sees the increased awareness generated by the futures ETFs as paving the way for a future spot Solana ETF. A report from JPMorgan suggests that a spot Solana ETF could bring in between $3 billion to $6 billion in net assets in the first six months, possibly outpacing the adoption of Ether ETFs. The spot ETF, though not yet approved, is seen by some analysts as the true indicator of Solana's growing influence in the crypto space. A Solana spot ETF could offer investors direct exposure to SOL without the complexities of futures markets, making it an attractive option once it's available. The market could see moderate inflows into the futures ETFs, but the real milestone will be the launch of the spot product. Solana's growing status is also bolstered by its inclusion in the U.S. strategic crypto reserve, announced by President Donald Trump. This includes Solana alongside other tokens like Cardano and XRP. The launch of the futures ETFs marks an important step in the adoption of Solana, but the path to a spot ETF could take years, as the SEC's review process for new products typically extends to 2026. Ultimately, while the initial inflows from the futures ETFs may be limited, their launch is seen as an important step toward the broader acceptance of Solana in the institutional investment world.
Arabian Business
27-02-2025
- Business
- Arabian Business
Crypto market hits ‘extreme fear' zone: Trump tariffs, US economy slowdown trigger market volatility
Cryptocurrency investors could be in for a roller-coaster ride ahead with the crypto market hitting the 'extreme fear' zone on concerns that the perceived exceptionalism of the US economy may be waning, while President Donald Trump moves forward with tariff plans, market experts said. Beyond trade tensions, the crypto markets are also facing uncertainty over a potential US economic slowdown, exacerbated after a raft of weak readings on consumer sentiment, experts said. The Crypto Fear & Greed Index, which quantifies market sentiment on a scale of 100, dropped to 25 on Wednesday, February 26, according to Coinglass data. President Trump's announcement on Monday about his intention to impose a 25 per cent tariff on imports from Canada and Mexico starting in early March heightened market unease, market experts said. Ryan Lee, Chief Analyst at Bitget Research, said the sharp decline signals a shift toward 'extreme fear', suggesting that market participants may be reacting to broader economic pressures or anticipating further downturns. Shivam Thakral, CEO of BuyUcoin, India's second-longest-running digital asset exchange, said as Bitcoin experiences a notable decline of over 12 per cent from its recent peak, retail investors find themselves at a crossroads. 'The current market conditions are marked by volatility, driven by macroeconomic factors and regulatory uncertainties,' Thakral told Arabian Business. Bitcoin, trading at $85,137 in the morning hours on Thursday, recovered a bit after hitting a low of $84,376 in the last 24 hours – a sharp fall of over 15 per cent from the $100,000 after Trump's presidential takeover. The flagship cryptocurrency's price is projected to hit a low of $81,000 or even below in the near term. Trade tensions impact crypto Sector experts said the crypto market's shift into 'extreme fear' reflects escalating concerns over potential US trade wars. Besides the flagship cryptocurrency Bitcoin, altcoins also declined further as investors retreated from risk assets. Lee said sustained trade tensions could push Bitcoin toward critical support levels at $81,000 or below, particularly if inflation fears or economic slowdowns intensify. Global investors are jittery amid concerns that the perceived exceptionalism of the US economy may be waning, while President Trump moves forward with tariff plans. Ilman Shazhaev, CEO of Dizzaract, the Dubai-headquartered crypto and blockchain venture, said the current market upheaval, coming close on the heels of the recent scare created by the $1.5 billion Ether hack on Bybit, make investors more jittery. 'The sentiment in the market now is beyond the Bybit hack,' he said. Thakral said the cryptocurrency landscape is increasingly becoming unpredictable, and what might seem like a favourable entry point today could shift rapidly. Extreme fear, potential gains Even as the crypto market hits the 'extreme fear' zone, a section of the experts sees the current plunge in bitcoin and other digital currency prices could be a potential buying opportunity for investors. Lee said two countervailing factors may emerge from the current market upheaval. Firstly, prolonged tariffs could amplify Bitcoin's appeal if inflationary pressures rise, and secondly, Trump's pro-crypto agenda and regulatory initiatives might stabilise market sentiment once short-term risks ease. 'The $3–5 billion in leveraged liquidations suggests market corrections may eliminate overleveraged positions, potentially creating a rebound opportunity if trade tensions de-escalate,' Lee said. He, however, said for now, crypto remains tightly correlated with macroeconomic uncertainty, balancing bearish trade risks against structural bullish drivers like institutional adoption. Amit Malik, President – JAPA (Japan, Asia Pacific, and Australia) at WadzPay, a blockchain-based financial services company, said though Bitcoin's current dip presents a potential opportunity for retail investors, investors must exercise extreme caution. 'Historically, buying the dip has proven profitable for fundamentally strong cryptos like Bitcoin and Ethereum, which tend to rebound after corrections. However, before investing, investors should assess Bitcoin's long-term value and monitor market sentiment,' Malik told Arabian Business. Malik also suggested investors must think about adding various cryptocurrencies to diversify their portfolios. 'However, be aware that prices could fall further due to volatility, regulatory changes, or macroeconomic events. Base your decisions on thorough research, not impulse,' he cautioned. Thakral said while some may view this dip as a potential buying opportunity, investors must conduct thorough research and assess their risk tolerance before making any decisions. 'Ultimately, the choice to invest should align with individual financial goals and market understanding rather than emotional reactions to short-term price movements,' he said.
