Latest news with #Coingecko
Yahoo
5 days ago
- Business
- Yahoo
Bitcoin smashes all-time highs
Bitcoin smashes all-time highs originally appeared on TheStreet. Bitcoin surged to a new all-time high of $122,962 on Wednesday, coming within reach of its record price of $122,838 set just a month earlier on July 14, as per Coingecko. The world's largest cryptocurrency gained 2.19% in the past 24 hours, although it traded down to an intraday low of $118,939.63. Bitcoin's market cap has surged back toward record levels, hitting around $2.39 trillion as prices climbed past $122,000, as per onchain platform Glassnode. The $122,962 price was reached after a period of heightened volatility during Wednesday's trading session and a precipitous drop early in the day, before rebounding sharply as news dominated the evening.U.S. spot Bitcoin ETFs saw an aggregate total daily net inflow volume of $65.95 million on August 12, as per SoSoValue. BlackRock's IBIT saw a net inflow of $111.44 million, leading the pack with a cumulative total net inflow to date of $58.04 billion. Grayscale's GBTC and Ark's ARKB saw the highest daily net outflows of $21.63 million and $23.86 million, respectively. Total net assets under management across all U.S. Bitcoin ETFs are $155.02 billion, or 6.48% of Bitcoin's total market cap. Fred Krueger, Wall Street veteran and mathematician, noted on X that Bitcoin hitting a new all-time high would be different. He says, "Bitcoin will fly", highlighting that unlike past rate cuts triggered by economic weakness, the current scenario stems from a funding problem driven by high debt and political urgency ahead of midterms. Another anlayst called Crypto Seth noted that many are shorting Bitcoin, with important liquidation levels around $123,000, tomorrow's PPI news would likely move the market. Bitcoin smashes all-time highs first appeared on TheStreet on Aug 13, 2025 This story was originally reported by TheStreet on Aug 13, 2025, where it first appeared. 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
19-07-2025
- Business
- Time of India
Crypto surges: Cryptocurrency mcap reaches record high at $4 trillion; What's driving the rally?
The global cryptocurrency market capitalisation touched a record $4 trillion on Friday, positioning the sector as a major investment option from a fringe class, as per the Coingecko data, cited by Reuters. This fresh milestone comes amid renewed investor optimism, increased institutional inflows, and clearer regulatory signals from major economies. Notably, the US House of Representatives on Thursday passed a landmark bill establishing a regulatory framework for stablecoins, cryptocurrencies pegged to the US dollar, sending it to President Donald Trump, who signed it into law. "The arrival of the Trump legislation signaled an about-turn in attitudes towards the crypto industry, but legislators are still exercising some caution," Derren Nathan, head of equity research at Hargreaves Lansdown told Reuters. In addition to the stablecoin bill, the House also approved two more crypto-related proposals. One seeks to introduce a comprehensive regulatory regime for digital assets, while the other aims to prohibit the issuance of a central bank digital currency (CBDC) in the US Both bills are now headed to the Senate for further debate. The $4 trillion figure highlights how far the crypto sector has come since its early days as a speculative, niche market. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Providers are furious: Internet access without a subscription! Techno Mag Learn More Undo Today, digital assets are attracting growing interest from asset managers, corporate treasuries, and everyday investors. The launch of new exchange-traded products and increasing adoption by both retail and institutional players is placing cryptocurrencies at the heart of mainstream financial conversations. Stablecoins, designed to maintain a fixed value, typically tied 1:1 to the US dollar, have become a cornerstone of crypto trading, enabling users to seamlessly move funds across tokens. Their rapid growth has fuelled calls for structured oversight, with advocates suggesting they could revolutionise instant payment systems. 'The Genius Act will go down in history as a law that served as a foundational step in mainstreaming of crypto as an asset class,' said Chris Perkins, president of crypto investment firm CoinFund. Institutional enthusiasm continues to build, with a rising number of public companies allocating bitcoin to their treasuries as a long-term store of value. Bitcoin, the largest cryptocurrency by market cap, recently crossed the $120,000 mark, its highest level ever, before retreating 1.8% on Friday to help bring the sector's valuation slightly down to $3.92 trillion. Analysts at brokerage Bernstein have forecast bitcoin could reach $200,000 by the end of 2025. Meanwhile, ether, the second-largest crypto token, climbed 4.5% and has more than doubled in value over the past three months. The ongoing rally has also lifted crypto-linked equities, as per a Reuters report. Shares of Coinbase and Robinhood, both of which facilitate cryptocurrency trading, hit all-time highs on Friday. Coinbase was last up 1%, while Robinhood rose 3%. Ether-centric stocks likewise posted broad-based gains, riding the wave of digital market enthusiasm. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Yahoo
18-07-2025
- Business
- Yahoo
Crypto Market Caps Break $4?Trillion Barrier
Crypto market cap tops $4 trillion after U.S. enacts first federal stablecoin law, marking a milestone in digital?asset regulation. The surge comes as altcoins rally and Bitcoin nears its all?time high. According to Coingecko, total cryptoassets hit roughly $4 trillion, with $260.2 billion changing hands in the past 24 hours. Bitcoin climbed to $120 ,134, closing in on its record near $123,000, while Ether jumped as much as 6 percent to 3 628. The broad rally underscores strong investor demand across the asset class after months of volatility. Congress has branded this week Crypto Week following passage of the stablecoin bill backed by both parties and President Trump. The legislation creates federal or state oversight for dollar?pegged stablecoins, aiming to bring regulatory clarity to a $265 billion market that Citigroup projects could swell to $3.7 trillion by 2030. Lawmakers say the move will legitimize digital dollar alternatives and curb systemic risk. This article first appeared on GuruFocus. 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
Yahoo
18-07-2025
- Business
- Yahoo
Crypto Market Caps Break $4?Trillion Barrier
Crypto market cap tops $4 trillion after U.S. enacts first federal stablecoin law, marking a milestone in digital?asset regulation. The surge comes as altcoins rally and Bitcoin nears its all?time high. According to Coingecko, total cryptoassets hit roughly $4 trillion, with $260.2 billion changing hands in the past 24 hours. Bitcoin climbed to $120 ,134, closing in on its record near $123,000, while Ether jumped as much as 6 percent to 3 628. The broad rally underscores strong investor demand across the asset class after months of volatility. Congress has branded this week Crypto Week following passage of the stablecoin bill backed by both parties and President Trump. The legislation creates federal or state oversight for dollar?pegged stablecoins, aiming to bring regulatory clarity to a $265 billion market that Citigroup projects could swell to $3.7 trillion by 2030. Lawmakers say the move will legitimize digital dollar alternatives and curb systemic risk. This article first appeared on GuruFocus. Sign in to access your portfolio
Yahoo
27-06-2025
- Business
- Yahoo
Market Cap of Euro Stablecoins Surges to Nearly $500M as EUR/USD Rivals Bitcoin's H1 Gains
The Euro-U.S. dollar exchange (EUR/USD), the world's most liquid foreign exchange pair, has surged 12.88% in the first half, outperforming Nasdaq and S&P 500 and nearly rivaling bitcoin BTC 14.8% rise, according to data source TradingView. The strength of the euro has increased the appeal of stablecoins with values pegged to the euro. The cumulative market cap of 21 euro-pegged stablecoins tracked by data source Coingecko has increased 44% from $310 million to $480 million. Leading the growth is the U.S.-listed Circle's EURC stablecoin, whose market cap has increased by 138% to $200.36 million. "One of my best trades this year was to move my entire stablecoin stack from USDC/USDT into a Euro-denominated stablecoin like EURC. Up 13% in dollar value in less than 5 months," Legendary, the pseudonymous host of The Modern Market Show, announced on X. While the demand for euro-pegged stablecoins has increased, their combined market cap remains less than 1% of that of dollar-pegged stablecoins, which boast a cumulative market value of $254.88 billion. EUR/USD has risen from 1.0354 to nearly 1.17, hitting the highest since September 2021. The upswing is characterized by a breakdown in the correlation between the exchange rate and the differential between the Fed and ECB interest rates, as well as a broad-based shift away from the US dollar. The 90-day correlation coefficient between EUR/USD and bitcoin has recently jumped to 0.62, the highest since February 2024, indicating a moderate positive correlation between the two. 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
