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News18
2 days ago
- Business
- News18
Bitcoin Hits Record High Of $120K, Jumps 10% In A Week; What's Driving The Surge?
Last Updated: Bitcoin price: The current price of Bitcoin stands at $120,938.95, marking a jump of 10 per cent over the past seven days. Know what's fueling the rally? Bitcoin Price: The rally of Bitcoin price doesn't seem to wane at any moment ahead the US 'crypto week'. The popular cryptocurrency has extended its rally by touching its new all-time high of $120,000, driven by pro-crypto sentiment from the Trump campaign, strong ETF inflows and increasing corporate treasury allocations. This upward movement pushed Bitcoin past Silver and Google, making it the 6th largest asset by market cap. The m-cap of Bitcoin stood at 2.4 trillion. On the other hand, the Google's m-cap is at $2.19 trillion. According to CoinMarketCap, the current price of Bitcoin stands at $120,938.95, marking a jump of 10 per cent over the past seven days. The M-cap of Bitcoin stood now at $2.4 trillion. On the other hand, Google's m-cap stood at $2.19 trillion. This massive inflow of institutional money coupled with euphoria around the US 'Crypto Week', which kicks off today, is driving the current rally, said Shivam Thakral, CEO of BuyUcoin. Over the past week, several major cryptocurrencies have shown strong upward momentum. Ethereum (ETH) led with a 7-day gain of 18.26%, now trading around $3,044.93, driven by renewed interest in its DeFi ecosystem and network upgrades. Solana (SOL) also performed well, rising 10.03% over the week to $167.28, supported by growing developer activity and adoption. Dogecoin (DOGE) gained 17.50%, reaching $0.2050, likely fuelled by social media buzz and renewed retail interest. These consistent price increases, along with positive 24-hour movements, suggest strong ongoing demand in the broader crypto market. Meanwhile, XRP and Stellar (XLM) stood out with massive gains. XRP jumped 29.44% to trade at $2.93, possibly on the back of improved legal clarity and market sentiment. However, the biggest winner was Stellar (XLM), which soared 100.77% over the week to hit $0.5049, marking a major breakout possibly linked to increased institutional or cross-border payment interest. What Is Crypto Week? The week ahead is anchored by 'Crypto Week" in Congress, key bills like the Clarity Act, GENIUS Act, and Anti‑CBDC Surveillance Act are moving through the House Rules Committee, with a full vote expected soon. These bills aim to define crypto regulatory roles, authorize stablecoins, and block a U.S. central bank digital currency, providing clarity that could drive institutional market participation, said CoinSwitch Markets Desk. Devika Mittal, Regional Head at Ava Labs notes that the timing couldn't be better, as countries like Vietnam are starting to embrace crypto themselves, following America's lead in the global digital economy. Wall Street's big players have been waiting on the sidelines for clearer rules, and these bills could finally give them the confidence to dive in. But it's not just about attracting big money – there's real attention being paid to protecting everyday investors from scams and sketchy practices, she adds. view comments First Published: July 14, 2025, 10:07 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Economic Times
04-07-2025
- Business
- Economic Times
Bitcoin holds above 109k as market awaits next breakout; Altcoins decline
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Crypto prices remained range-bound on Friday, with Bitcoin trading marginally lower amid mixed signals from global markets and continued institutional inflows Bitcoin was last down 0.3% at $109,031, having touched an intraday high of $110,541 earlier in the session. Ethereum slipped 1% to $2,563. The global crypto market capitalisation also dipped 0.5% to $3.37 trillion, according to CoinMarketCap altcoins traded in the red, with XRP, Solana, Dogecoin, and Cardano shedding between 1% and 3%. Other top tokens such as Chainlink, Avalanche, Stellar, Toncoin, Shiba Inu, and Litecoin also declined up to 3%.Despite the mild pullback, analysts said market sentiment remains broadly positive, supported by institutional buying and a healthy technical setup.'Bitcoin (BTC) is hovering around $109,000, showing resilience after touching an intraday high near $110K,' said Shivam Thakral, CEO of BuyUcoin. 'Flows into spot BTC ETFs remain strong, drawing institutional capital and supporting prices. A breakout above $114K could trigger the next leg of the rally.'Edul Patel, Co-founder and CEO of Mudrex, echoed the optimism, noting that bulls continue to defend key levels.'Bitcoin is holding strong above the $109,000 mark despite brief selling pressure following U.S. payroll data,' Patel said. 'Data from The Block shows 98.9% of Bitcoin holders are currently 'in the money', reflecting strong market confidence. If Ethereum stays above $2,500, we could see a rally toward $2,700 driven by whale accumulation and institutional interest.'Adding to the upbeat outlook, Avinash Shekhar, Co-Founder and CEO of Pi42, said rising open interest and unrealised profits suggest the market is not overheated yet.'Bitcoin is trading firmly above $109,000, with the unrealised profit ratio at 80%—a healthy sign of confidence among holders. Open interest is rising again, reflecting renewed enthusiasm without signs of excessive speculation,' Shekhar said. 'Ethereum is holding within its expected range, supported by improving macro sentiment and equity market gains.'Among altcoins, Shekhar noted that XRP is showing strong upward potential with technical indicators pointing toward a possible move to $3, while Dogecoin has regained strength after breaking above its 50-day bullish fundamentals intact, analysts believe Bitcoin may soon test the $110,000 mark again and possibly chart a path toward new all-time highs around $115,000.(Disclaimer: 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
04-07-2025
- Business
- Time of India
Bitcoin holds above 109k as market awaits next breakout; Altcoins decline
Crypto markets stayed range-bound on Friday, with Bitcoin hovering around $109,000 amid strong institutional inflows and resilient sentiment. Ethereum held above $2,500. Analysts remain bullish, citing rising open interest, healthy profit levels, and whale activity, with potential for Bitcoin to retest $115,000 in the near term. Tired of too many ads? Remove Ads Crypto TrackerPowered By TOP COINS TOP COIN SETS BNB 56,238 ( -0.69 %) Buy Bitcoin 93,12,012 ( -0.88 %) Buy Ethereum 2,18,259 ( -1.93 %) Buy XRP 190.62 ( -2.22 %) Buy Solana 12,880.71 ( -3.24 %) Buy Tired of too many ads? Remove Ads Crypto prices remained range-bound on Friday, with Bitcoin trading marginally lower amid mixed signals from global markets and continued institutional inflows Bitcoin was last down 0.3% at $109,031, having touched an intraday high of $110,541 earlier in the session. Ethereum slipped 1% to $2,563. The global crypto market capitalisation also dipped 0.5% to $3.37 trillion, according to CoinMarketCap altcoins traded in the red, with XRP, Solana, Dogecoin, and Cardano shedding between 1% and 3%. Other top tokens such as Chainlink, Avalanche, Stellar, Toncoin, Shiba Inu, and Litecoin also declined up to 3%.Despite the mild pullback, analysts said market sentiment remains broadly positive, supported by institutional buying and a healthy technical setup.'Bitcoin (BTC) is hovering around $109,000, showing resilience after touching an intraday high near $110K,' said Shivam Thakral, CEO of BuyUcoin. 'Flows into spot BTC ETFs remain strong, drawing institutional capital and supporting prices. A breakout above $114K could trigger the next leg of the rally.'Edul Patel, Co-founder and CEO of Mudrex, echoed the optimism, noting that bulls continue to defend key levels.'Bitcoin is holding strong above the $109,000 mark despite brief selling pressure following U.S. payroll data,' Patel said. 'Data from The Block shows 98.9% of Bitcoin holders are currently 'in the money', reflecting strong market confidence. If Ethereum stays above $2,500, we could see a rally toward $2,700 driven by whale accumulation and institutional interest.'Adding to the upbeat outlook, Avinash Shekhar, Co-Founder and CEO of Pi42, said rising open interest and unrealised profits suggest the market is not overheated yet.'Bitcoin is trading firmly above $109,000, with the unrealised profit ratio at 80%—a healthy sign of confidence among holders. Open interest is rising again, reflecting renewed enthusiasm without signs of excessive speculation,' Shekhar said. 'Ethereum is holding within its expected range, supported by improving macro sentiment and equity market gains.'Among altcoins, Shekhar noted that XRP is showing strong upward potential with technical indicators pointing toward a possible move to $3, while Dogecoin has regained strength after breaking above its 50-day bullish fundamentals intact, analysts believe Bitcoin may soon test the $110,000 mark again and possibly chart a path toward new all-time highs around $115,000.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Economic Times
25-06-2025
- Business
- Economic Times
Bitcoin trades above $106,000; Ethereum and Altcoins see mixed moves
Bitcoin price increased beyond $106,000. This surge happened because of reduced global tensions and strong investor interest. Ethereum also saw a rise. Market analysts suggest that Bitcoin might aim for $110,000 soon. Stablecoins are also becoming important in the crypto world. Tether is expanding its influence in the digital economy. Overall, the crypto market shows signs of growth and stability. Tired of too many ads? Remove Ads Crypto TrackerPowered By TOP COINS TOP COIN SETS Ethereum 2,09,972 ( 0.55 %) Buy Bitcoin 91,44,017 ( 0.5 %) Buy BNB 55,471 ( 0.4 %) Buy Solana 12,569.37 ( -0.09 %) Buy XRP 187.39 ( -0.71 %) Buy Tired of too many ads? Remove Ads Bitcoin climbed above the $106,000 mark on Wednesday, buoyed by easing geopolitical tensions, institutional interest, and sustained whale of 11:17 am IST, the world's largest cryptocurrency was up 1% at $106,345, while Ethereum rose 0.6% to $2,435. The overall crypto market gained 0.6%, reaching a market capitalisation of $3.27 trillion, according to major altcoins, BNB, Solana, Tron, and Chainlink posted gains of up to 1%. However, others like XRP, Cardano, Sui, Stellar, Avalanche, Toncoin, and Shiba Inu fell as much as 3%, indicating selective investor optimism across the broader Thakral, CEO of BuyUcoin, attributed Bitcoin's recent rally to improved geopolitical conditions. 'Bitcoin has seen a sharp rally following the announcement of a ceasefire between Iran and Israel, recovering from a recent dip amid heightened geopolitical tensions,' he said. 'The crypto is stabilising between $104,800 and $106,700.'He also noted the influence of U.S. Federal Reserve policy. 'The Fed chief has reiterated a commitment to tackle inflation and is not in a hurry to cut interest rates, which could affect liquidity in the short to mid-term,' Thakral Sehgal, Research Analyst at Delta Exchange, said Bitcoin is consolidating near $106,000 after breaking out of a mid-term descending structure. 'A move above $107,500 could push it toward $110,000–112,000. If $106,000 fails, key supports lie at $105,500 and $104,000,' she said, adding that current price action reflects a trend of higher highs and higher lows with whales accumulating and long-term holders staying Ethereum, Sehgal said, 'It has recovered from $2,160 and is now near $2,440. A breakout above $2,520 could target $2,650–2,800, while support lies at $2,320–2,360.' She also highlighted ETF inflows on 24/06, where $588.6 million worth of Bitcoin and $71.3 million in Ethereum were bought, suggesting continued institutional Patel, Co-founder and CEO of Mudrex, said Bitcoin is extending its upward momentum as bulls regain control. 'On-chain data shows a spike in Taker Buy volume, indicating strong conviction from aggressive buyers,' he said. 'Dovish Fed commentary on recession and rate cuts has also lifted sentiment.'Patel sees the $104,400 level as strong support, with a possible breakout above $108,000 if buying Maradiya, Founder and Chairman of CIFDAQ, said that while Bitcoin and Ethereum have bounced back, the more significant action is happening in stablecoins. 'Circle's market cap briefly surpassed Coinbase's, and Tether—fresh off $13.7 billion in profits—is building a U.S.-native stablecoin while complying with the GENIUS Act,' he said.'Tether now holds over 100,000 BTC and is positioning itself as a global mining force. This signals a maturing digital economy where infrastructure—not just prices—will define long-term value,' Maradiya added.(Disclaimer: 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
25-06-2025
- Business
- Time of India
Bitcoin trades above $106,000; Ethereum and Altcoins see mixed moves
Bitcoin climbed above the $106,000 mark on Wednesday, buoyed by easing geopolitical tensions, institutional interest, and sustained whale activity. As of 11:17 am IST, the world's largest cryptocurrency was up 1% at $106,345, while Ethereum rose 0.6% to $2,435. The overall crypto market gained 0.6%, reaching a market capitalisation of $3.27 trillion, according to CoinMarketCap. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Elegant New Scooters For Seniors In 2024: The Prices May Surprise You Mobility Scooter | Search Ads Learn More Undo Among major altcoins, BNB, Solana, Tron, and Chainlink posted gains of up to 1%. However, others like XRP, Cardano, Sui, Stellar, Avalanche, Toncoin, and Shiba Inu fell as much as 3%, indicating selective investor optimism across the broader market. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Crypto Tracker TOP COIN SETS NFT & Metaverse Tracker 1.47% Buy AI Tracker 0.83% Buy Crypto Blue Chip - 5 0.81% Buy DeFi Tracker -0.23% Buy Web3 Tracker -1.55% Buy TOP COINS (₹) Bitcoin 9,140,079 ( 0.43% ) Buy Ethereum 209,768 ( 0.4% ) Buy BNB 55,386 ( 0.18% ) Buy Solana 12,559 ( -0.22% ) Buy XRP 187 ( -1.15% ) Buy Shivam Thakral, CEO of BuyUcoin, attributed Bitcoin's recent rally to improved geopolitical conditions. 'Bitcoin has seen a sharp rally following the announcement of a ceasefire between Iran and Israel, recovering from a recent dip amid heightened geopolitical tensions,' he said. 'The crypto is stabilising between $104,800 and $106,700.' 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 » He also noted the influence of U.S. Federal Reserve policy. 'The Fed chief has reiterated a commitment to tackle inflation and is not in a hurry to cut interest rates, which could affect liquidity in the short to mid-term,' Thakral added. Live Events Riya Sehgal, Research Analyst at Delta Exchange, said Bitcoin is consolidating near $106,000 after breaking out of a mid-term descending structure. 'A move above $107,500 could push it toward $110,000–112,000. If $106,000 fails, key supports lie at $105,500 and $104,000,' she said, adding that current price action reflects a trend of higher highs and higher lows with whales accumulating and long-term holders staying firm. On Ethereum, Sehgal said, 'It has recovered from $2,160 and is now near $2,440. A breakout above $2,520 could target $2,650–2,800, while support lies at $2,320–2,360.' She also highlighted ETF inflows on 24/06, where $588.6 million worth of Bitcoin and $71.3 million in Ethereum were bought, suggesting continued institutional appetite. Edul Patel, Co-founder and CEO of Mudrex, said Bitcoin is extending its upward momentum as bulls regain control. 'On-chain data shows a spike in Taker Buy volume, indicating strong conviction from aggressive buyers,' he said. 'Dovish Fed commentary on recession and rate cuts has also lifted sentiment.' Patel sees the $104,400 level as strong support, with a possible breakout above $108,000 if buying continues. Himanshu Maradiya, Founder and Chairman of CIFDAQ, said that while Bitcoin and Ethereum have bounced back, the more significant action is happening in stablecoins. 'Circle's market cap briefly surpassed Coinbase's, and Tether—fresh off $13.7 billion in profits—is building a U.S.-native stablecoin while complying with the GENIUS Act,' he said. 'Tether now holds over 100,000 BTC and is positioning itself as a global mining force. This signals a maturing digital economy where infrastructure—not just prices—will define long-term value,' Maradiya added.
