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Miami Herald
11-08-2025
- Business
- Miami Herald
Bitcoin, Ether on the rise as crypto surges
Aug. 11 (UPI) -- Bitcoin nearly hit an all-time high on Monday as demand from commercial treasury buyers and established investors lifted the digital asset market overall. Cresting to as much as 3.3% to exceed $122,000, Bitcoin just missed a previous record reached last month. Ether had a big weekend by surging over $4,300, its highest climb since December of 2021. Bitcoin traded at approximately $121,200 as of 6:15 a.m. EDT, while Ether reached $4,250. The gains rode a wave of swelling interest in cryptocurrencies from digital-asset treasury companies that have achieved a Bitcoin stash worth $113 billion. "If you don't stop buying Bitcoin, you won't stop making money," Michael Saylor, Founder and Chairperson of Bitcoin treasury company Strategy, posted to X Sunday. Similar groups have also amassed around $13 billion of Ether as well, and its options markets reflected the optimistic attitude with a total put-call ratio of 0.40. The alignment of Bitcoin and Ether looks to be heading into September and December with calls in line with macro rate-cut timing and further adoption by the traditional financial system, according to Sean McNulty, derivatives trading lead of APAC at digital-asset prime brokerage FalconX Ltd. "Second-ranked cryptocurrency Ether outpaced rivals over the weekend to lead a broad rally in digital assets, as demand from institutional investors and corporate treasury buyers builds," McNulty posted to X Sunday. The digital asset research firm 10x Research posted a blog Monday stating that "Something big just shifted in Bitcoin's backdrop," which it described as a "wave of macro forces" that is colliding with market positioning and creating an atypical situation, born in part from a rapid interest from the Asian market, a breakdown of otherwise strict patterns and the Trump administration's crypto policies. As for Bitcoin, its next hurdle is to clear its all-time high of $123,205. Copyright 2025 UPI News Corporation. All Rights Reserved.
UPI
11-08-2025
- Business
- UPI
Bitcoin, Ether on the rise as crypto surges
Aug. 11 (UPI) -- Bitcoin nearly hit an all-time high on Monday as demand from commercial treasury buyers and established investors lifted the digital asset market overall. Cresting to as much as 3.3% to exceed $122,000, Bitcoin just missed a previous record reached last month. Ether had a big weekend by surging over $4,300, its highest climb since December of 2021. Bitcoin traded at approximately $121,200 as of 6:15 a.m. EDT, while Ether reached $4,250. The gains rode a wave of swelling interest in cryptocurrencies from digital-asset treasury companies that have achieved a Bitcoin stash worth $113 billion. "If you don't stop buying Bitcoin, you won't stop making money," Michael Saylor, Founder and Chairperson of Bitcoin treasury company Strategy, posted to X Sunday. Similar groups have also amassed around $13 billion of Ether as well, and its options markets reflected the optimistic attitude with a total put-call ratio of 0.40. The alignment of Bitcoin and Ether looks to be heading into September and December with calls in line with macro rate-cut timing and further adoption by the traditional financial system, according to Sean McNulty, derivatives trading lead of APAC at digital-asset prime brokerage FalconX Ltd. "Second-ranked cryptocurrency Ether outpaced rivals over the weekend to lead a broad rally in digital assets, as demand from institutional investors and corporate treasury buyers builds," McNulty posted to X Sunday. The digital asset research firm 10x Research posted a blog Monday stating that "Something big just shifted in Bitcoin's backdrop," which it described as a "wave of macro forces" that is colliding with market positioning and creating an atypical situation, born in part from a rapid interest from the Asian market, a breakdown of otherwise strict patterns and the Trump administration's crypto policies. As for Bitcoin, its next hurdle is to clear its all-time high of $123,205.
Mint
11-08-2025
- Business
- Mint
This cryptocurrency just led the weekend rally to a new four-year high — And it's not bitcoin
The cryptocurrency market experienced a significant surge over the weekend, with the second-largest digital asset, Ethereum (ETH), also known as Ether, leading the charge and outperforming its rivals, including Bitcoin. The rally was fueled by increasing demand from institutional investors and corporate treasury buyers, according to Bloomberg. Ether's price climbed as much as 2.9% on Monday morning in Asia, pushing its value above $4,300, its highest level since December 2021. The top-performing cryptocurrency and Ether's rival, Bitcoin, topped $121,000 to come within striking distance of a record high. A major driving factor for Ether's recent gains is the growing interest from large-scale investors. Data compiled by Bloomberg indicates that more than $6.7 billion has poured into the nine US-listed exchanged-traded funds (ETFs) for Ether this year alone. Additionally, the so-called digital-asset treasury companies, which are public entities that hold cryptocurrencies, have stockpiled around $13 billion of Ether so far, giving it a massive boost. This strong inflow into Ether over Bitcoin points to a 'massive positive sentiment shift' for the digital asset, said Sean McNulty, derivatives trading lead of APAC at digital-asset prime brokerage FalconX Ltd, told Bloomberg. The bullish sentiment surrounding Ether is reflected in the options markets. Data from Deribit shows an overall put-call ratio of 0.39, indicating that most traders are betting on a price jump. The highest concentration of call options with a December 26 expiry is at $6,000, suggesting that many investors believe Ether has significant room to rise, Bloomberg reported. Eric Trump, son of US President Donald Trump, publicly praised the Ether rally on X (formerly Twitter). This comes as reports emerge of a Trump family-backed venture, World Liberty Financial (WLFI), planning to establish a public company that would hold its WLFI tokens. Ether has experienced its most significant monthly return in three years, rising by as much as 56%. This surge has been compared to the performance of '90s tech stocks, driven by substantial inflows into ETFs, according to crypto-exchange platform Binance.
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Business Standard
22-05-2025
- Business
- Business Standard
Bitcoin tops $111,000 for first time as US optimism lifts cryptocurrencies
Bitcoin surpassed $111,000 for the first time to reach a record high, with traders increasingly bullish on the prospects of the original cryptocurrency amid mounting institutional demand. Bitcoin climbed as much as 3.3 per cent on Thursday to hit a record of $111,878, according to data compiled by Bloomberg. Smaller tokens also rose, with second-ranked Ether at one point up about 5.5 per cent. A wave of optimism is buoying Bitcoin after the advancement of a key stablecoin bill in the US senate fueled hopes of greater regulatory clarity for digital-asset firms under President Donald Trump, who is avowedly pro-crypto. Surging demand from Michael Saylor's Strategy — which has stockpiled over $50 billion worth of Bitcoin — and a growing list of token hoarders is another driving force behind the rally. 'It has been a slow motion grind into new all-time highs,' said Joshua Lim, global co-head of markets at FalconX Ltd. 'There's no shortage of demand for BTC from SPAC and PIPE deals, which is manifesting in the premium on Coinbase spot prices.' Such buyers include a flurry of obscure small-cap companies and public firms newly formed by crypto heavyweights which are financing their purchases by offering anything from convertible bonds to preferred stocks. An affiliate of Cantor Fitzgerald LP is working with stablecoin issuer Tether Holdings SA and SoftBank Group to launch Twenty One Capital Inc., a company that emulates Strategy's business model. A subsidiary of Strive Enterprises Inc. co-founded by Vivek Ramaswamy is merging with Nasdaq-listed Asset Entities Inc. to form a Bitcoin treasury company. 'Unlike previous cycles, this rally is not momentum-driven alone,' said Julia Zhou, COO of crypto market maker Caladan. 'It is quantitatively underpinned by measurable, persistent demand and supply dislocations.' Bitcoin's outperformance relative to smaller cryptocurrencies is widening. An index that tracks so-called altcoins is down about 40 per cent year-to-date, while Bitcoin is up 17 per cent so far in 2025. In options markets, traders built eye-catching Bitcoin positions earlier this week with the $110,000, $120,000 and $300,000 calls expiring on June 27 logging the most open interest — or number of outstanding contracts — on Deribit, the derivatives exchange. Tony Sycamore, market analyst at IG, said in a note that the fresh record shows that Bitcoin's steep decline from a previous high set on Jan. 20 to below $75,000 in April was 'a correction within a bull market.' 'A sustained break above $110,000 is needed to trigger the next leg higher towards $125,000,' he added. Bitcoin's latest milestone comes as Trump prepares to meet with the biggest holders of his memecoin at a dinner at his golf club just outside Washington on Thursday. The event has raised concerns among ethics experts, who argue that it offers access through transactions that directly benefit the president, and has sparked criticism over potential conflicts of interest.
Hindustan Times
22-05-2025
- Business
- Hindustan Times
Bitcoin hits record high, crosses $111,000 mark for first time as US optimism lifts crypto
Bitcoin surpassed $111,000 for the first time to reach a record high, with traders increasingly bullish on the prospects of the original cryptocurrency amid mounting institutional demand. Bitcoin climbed as much as 3.1% in early Asian trading on Thursday to hit a record of over $111,650, according to data compiled by Bloomberg. Smaller tokens also rose, with second-ranked Ether at one point up more than 5%. A wave of optimism is buoying Bitcoin after the advancement of a key stablecoin bill in the US senate fueled hopes of greater regulatory clarity for digital-asset firms under President Donald Trump, who is avowedly pro-crypto. Surging demand from Michael Saylor's Strategy — which has stockpiled over $50 billion worth of Bitcoin — and a growing list of token hoarders is another driving force behind the rally. 'It has been a slow motion grind into new all-time highs,' said Joshua Lim, global co-head of markets at FalconX Ltd. 'There's no shortage of demand for BTC from SPAC and PIPE deals, which is manifesting in the premium on Coinbase spot prices.' Such buyers include a flurry of obscure small-cap companies and public firms newly formed by crypto heavyweights which are financing their purchases by offering anything from convertible bonds to preferred stocks. An affiliate of Cantor Fitzgerald LP is working with stablecoin issuer Tether Holdings SA and SoftBank Group to launch Twenty One Capital Inc., a company that emulates Strategy's business model. A subsidiary of Strive Enterprises Inc. co-founded by Vivek Ramaswamy is merging with Nasdaq-listed Asset Entities Inc. to form a Bitcoin treasury company. 'Unlike previous cycles, this rally is not momentum-driven alone,' said Julia Zhou, COO of crypto market maker Caladan. 'It is quantitatively underpinned by measurable, persistent demand and supply dislocations.' In options markets, traders built eye-catching Bitcoin positions earlier this week with the $110,000, $120,000 and $300,000 calls expiring on June 27 logging the most open interest — or number of outstanding contracts — on Deribit, the derivatives exchange. Tony Sycamore, market analyst at IG, said in a note that the fresh record shows that Bitcoin's steep decline from a previous high set on Jan. 20 to below $75,000 in April was 'a correction within a bull market.' 'A sustained break above $110,000 is needed to trigger the next leg higher towards $125,000,' he added. Bitcoin's latest milestone comes as Trump prepares to meet with the biggest holders of his memecoin at a dinner at his golf club just outside Washington on Thursday. The event has raised concerns among ethics experts, who argue that it offers access through transactions that directly benefit the president, and has sparked criticism over potential conflicts of interest. Such events 'highlight crypto's increasing cultural visibility, though they have not had a measurable impact on market dynamics at this stage,' said Yuan Rong Tan, a trader at QCP Capital.
