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Time of India
4 days ago
- Business
- Time of India
Crypto Prices Today: Bitcoin slips below $110,000 amid profit booking; Altcoins fall up to 5%
Bitcoin and other major cryptocurrencies were trading lower on Tuesday, reflecting cautious sentiment among traders despite continued institutional interest in the digital asset space. As of 12:49 PM IST, Bitcoin dropped 0.7% to $1,09,153, after briefly touching a high of $110,376. Ethereum also edged lower, down 0.11% to $2,583. The global cryptocurrency market capitalisation declined by 1% to $3.42 trillion, according to CoinMarketCap. 'Bitcoin briefly reclaimed the $110,000 mark before seeing some profit-taking at higher levels,' said Alankar Saxena, Co-founder and CTO of Mudrex. He added that despite the dip, market makers remain confident as Bitcoin options trade at a negative 6%—a pattern typically seen in bullish conditions. BTC faces resistance at $111,000 and support around $105,200, he noted. Crypto Tracker TOP COIN SETS DeFi Tracker 8.39% Buy Smart Contract Tracker 3.01% Buy BTC 50 :: ETH 50 2.95% Buy NFT & Metaverse Tracker 1.24% Buy Web3 Tracker -3.41% Buy TOP COINS (₹) Ethereum 222,755 ( 1.47% ) Buy BNB 58,108 ( 1.3% ) Buy Tether 85 ( 0.42% ) Buy Bitcoin 9,359,964 ( -0.03% ) Buy XRP 197 ( -1.53% ) Buy Shivam Thakral, CEO of BuyUcoin, echoed the sentiment, saying, 'The reason for the current dip might be profit booking by short-term traders who liquidated their positions to create fresh ones.' 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 » Despite the short-term weakness, analysts pointed to sustained institutional interest. Vikram Subburaj, CEO of Giottus, noted that while Bitcoin triggered $185 million in long liquidations on Binance in the past week, 'spot ETF inflows remain strong' and options data 'point to a market driven by demand and not leverage.' Live Events 'Recent moves like Strategy's $427 million Bitcoin purchase and JPMorgan opening access to Bitcoin ETFs signal growing institutional conviction,' he added. Delta Exchange Research Analyst Riya Sehgal also highlighted continued ETF inflows. 'Bitcoin's uptrend remains intact with higher highs and higher lows. The market is consolidating near the $110,000 level, awaiting a decisive breakout or breakdown. Meanwhile, Ethereum is range-bound between $2,450 and $2,750,' she said. Altcoins traded broadly in the red. Solana dropped 2.2%, Cardano 1.2%, Dogecoin 1.4%, Sui 5.2%, Avalanche 1.6%, XRP 2.6%, and Hyperliquid 4.4%. Bitcoin's dominance rose to 63.2%, with its market cap at $2.169 trillion. Daily trading volume, however, jumped 10.6% to $49.19 billion. Adding to the cautious sentiment, traders are monitoring macro developments such as the delayed U.S. tariffs on EU imports and potential crypto regulations. 'The U.S. Senate is expected to vote on the GENIUS Act, which could influence innovation in the sector,' said Thakral. FTX's second round of repayments could also inject liquidity into the market, potentially boosting trading activity.
News18
12-05-2025
- Business
- News18
Pi Coin Price Surges 50% Amid Positive US-China Trade Talks
Last Updated: Pi Coin Price: Over the past seven days, the price are up 113 per cent as per CoinMarketCap. Pi Coin Price: Pi Coin price zoomed 50 per cent to cross $1-mark amidst the positive trade talks between the United States and China. According to CoinMarketCap, the price of Pi Coin was up 33 per cent to $1.25 around 9:20 am IST, with a 280% jump in volume at $1.32 billion. Over the past seven days, the price are up 113 per cent as per CoinMarketCap. With the rise in investors' optimism and interest, the market cap of Pi Coin surged to $8.87 billion with a jump of 34 per cent. The positive developments surrounding the trade talks between the US and China have improved market sentiment, increasing buying interest in risk assets like cryptocurrencies, stated Shivam Thakral, CEO of BuyUcoin. 'If the trade deal leads to reduced tariffs and improved global trade, increased corporate profits and overall liquidity in the financial markets could spill over into the cryptocurrency market," he added. Meanwhile, Bitcoin also crossed the psychological $100,000 mark on the optimism of several bilateral trade deals forged by the United States including US-Uk trade deal. Bitcoin is trading above $104,000 as the markets remain optimistic about the US-China trade deal. With the RSI holding above 70, the asset is showing strong bullish momentum at current levels. Additionally, On-chain data reveals nearly 350,000 new BTC wallets created in a day, indicating rising retail interest and fresh liquidity, said Alankar Saxena, Co-founder and CTO of Mudrex. US-China Trade Talk US Treasury Secretary Scott Bessent on Sunday reported 'substantial progress" in US talks with China's top economic officials to de-escalate a damaging trade war, but offered no details of an agreement reached as two days of negotiations wrapped up in Geneva. Bessent told reporters that details would be announced on Monday and that US President Donald Trump was fully aware of the results of the 'productive talks." First Published: May 12, 2025, 09:44 IST
Economic Times
22-04-2025
- Business
- Economic Times
$1 million Bitcoin by 2035? Rich Dad Poor Dad author Robert Kiyosaki's bold prediction draws mixed reactions from crypto experts
Robert Kiyosaki, author of Rich Dad Poor Dad, recently predicted that Bitcoin would soar past $1 million by 2035, alongside gold hitting $30,000 per ounce and silver reaching $3,000 per coin. While many view the forecast as wildly optimistic, some in the crypto space believe it may not be entirely far-fetched. ADVERTISEMENT In a post on X (formerly Twitter), Kiyosaki warned of a looming financial collapse and urged investors to turn to alternative assets. 'The USA may be heading for a GREATER DEPRESSION,' he wrote, recommending Bitcoin, gold, and silver as safe havens. 'For those who take action today… you may come through this crisis as a very rich person.' Also Read: Rich Dad Poor Dad author Robert Kiyosaki Prediction: $1M Bitcoin, $30K gold, $3K silver by 2035 ADVERTISEMENT Kiyosaki's prediction sparked debate in the crypto community — can Bitcoin really hit $1 million in the next decade? Edul Patel, Co-founder and CEO of Mudrex, said Kiyosaki's projection is grounded in Bitcoin's long-term fundamentals. 'Historically, we have seen Bitcoin's returns grow at a yearly average of 3000%,' he noted. 'With its deflationary nature, growing institutional interest, and increased regulatory clarity, Bitcoin reaching $1 million by 2035 is a definite possibility.' Shivam Thakral, CEO of BuyUcoin, said Bitcoin's past performance supports the idea of exponential growth. 'In April 2020, Bitcoin was below $8,000. It has now surged over 1000% and touched an all-time high of $109,000,' he pointed out. 'BTC will hit the $1 million mark, but the timeline will depend on macroeconomic factors.' ADVERTISEMENT He added that with more Bitcoin ETFs and growing institutional participation, the asset could even surpass gold in value over Jain, Founder and CEO of W Chain, described the prediction as 'ambitious but not impossible.' With only 21 million bitcoins ever to be mined and growing demand, Jain believes scarcity will play a key role in driving price appreciation. 'The increasing synergy between decentralised and traditional finance will further solidify Bitcoin's role in the global financial system,' he said. ADVERTISEMENT Devika Mittal, Regional Head at Ava Labs, said Bitcoin's value will rise as long as there is growing demand and regulatory support. 'A fully decentralized asset like Bitcoin cannot be printed or replicated by central banks, making it more valuable than gold,' she emphasized that a strong regulatory framework is essential for digital assets to thrive. 'Bitcoin and other digital assets will play a pivotal role in enabling the transition from Web2 to Web3.' ADVERTISEMENT While Robert Kiyosaki's $1 million Bitcoin prediction by 2035 may seem extreme, crypto experts agree that the asset has strong fundamentals and long-term potential. The path to such a valuation, however, hinges on broader adoption, regulatory developments, and the global macroeconomic now, it remains a bold forecast but not one that the crypto world is ready to dismiss entirely. Also Read: Rich Dad Poor Dad author Robert Kiyosaki predicts Bitcoin will double to $200k by 2025 (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
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.
