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Economic Times
a day ago
- Business
- Economic Times
Crypto Prices Today: Bitcoin holds steady above $105k; altcoins trade mixed
Bitcoin remained largely flat on Tuesday, trading at $105,378 as of 1:11 PM IST, up just 0.1% over the past 24 hours. The world's largest cryptocurrency has now held above the $100,000 mark for more than 25 consecutive days, suggesting a possible bullish revival. ADVERTISEMENT Ethereum rose 0.5% to $2,627, continuing its recent outperformance, while the global cryptocurrency market cap edged up 0.12% to $3.32 trillion, according to CoinMarketCap. Among key altcoins, XRP gained 1.7%, BNB and Chainlink rose 0.6% each, and Litecoin advanced 0.75%. On the other hand, Solana fell 2.3%, Dogecoin slipped 0.3%, and Cardano declined 0.2%. Bitcoin's market dominance held steady at 63.7%. 'The market shows some stagnation, with major tokens like Bitcoin, Ethereum, and XRP trading within a range-bound consolidation,' said the CoinDCX Research Team. 'However, Bitcoin holding above $100K for over 25 days indicates a revival in bullish trend, even as investor sentiment remains neutral.''Bitcoin is holding steady near $105,500 after facing resistance at $106,800,' said Alankar Saxena, Co-founder and CTO at Mudrex. 'A break above $110,000 could trigger short liquidations and push BTC to fresh all-time highs.'Saxena added that Ethereum is also showing strength above $2,600, buoyed by sustained ETF inflows and improving sentiment. 'Support for BTC is now seen at $104,700, with resistance at $106,800.' ADVERTISEMENT Vikram Subburaj, CEO of Giottus, said Bitcoin remains in a clear accumulation phase between $105,000 and $106,500. 'Spot ETF flows have rebounded after three days of outflows, likely aiding price stability,' he Sehgal, Research Analyst at Delta Exchange, said BTC is consolidating in a rising 4-hour channel. 'A break above $108K–$109K could resume the uptrend, while a fall below $105K may test support at $100K–$102K,' she said. ADVERTISEMENT She also noted strong institutional accumulation: 'Mid-to-large wallets added over 79,000 BTC this week, and BlackRock's ETH holdings crossed $4 billion after adding 29,580 ETH worth $77 million.'Bitcoin's market cap rose to $2.094 trillion, but daily trading volume dipped 6% to $44.87 billion, suggesting reduced activity as the market waits for a decisive move. ADVERTISEMENT (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)
Economic Times
26-05-2025
- Business
- Economic Times
Crypto prices today: Bitcoin trades near $110,000 as geopolitical tensions ease; Altcoins jump up to 5%
As of 12:51 PM IST, Bitcoin rose 2.1% to $1,09,993, while Ethereum gained 3.6% to $2,588. The global cryptocurrency market cap climbed 2% to $3.46 trillion. ADVERTISEMENT Bitcoin rebounded after the U.S. dialled back its 50% trade tariff threats on European imports, providing short-term relief to global markets. Analysts believe the crypto's next key resistance lies around $112,000. "Bitcoin has bounced after the US backtracked its 50% trade tariff on Europe... it must break through $112,000 to continue its strong rally," said Vikram Subburaj, CEO of Giottus. The rally follows a record high of $112,000 last week, driven by growing institutional demand and optimism around global crypto regulation. While recent volatility stemmed from macro events, overall sentiment remains bullish."Despite minor pullbacks, Bitcoin continues to benefit from reduced supply post-halving and increasing on-chain activity," said Sathvik Vishwanath, Co-Founder & CEO of Unocoin. "Long-term holders may view dips as opportunities." Also Read: Why AI tokens are emerging as high-conviction investment theme in 2025 ADVERTISEMENT Corporate interest also added to the momentum. Asia-based consumer food giant DDC Enterprise acquired 21 BTC as part of a broader treasury strategy targeting 5,000 BTC. Meanwhile, Pakistan has announced a 2,000 megawatt energy allocation to support Bitcoin mining and AI data centres, according to CoinSwitch Markets Patel, CEO of Mudrex, noted, "The quick rebound highlights BTC's resilience, supported by an 80% drop in daily exchange inflows... Bitcoin's strong fundamentals and declining sell-side activity position it well for further upside." ADVERTISEMENT Altcoins also traded in the green. Solana rose 3.2%, Cardano gained 4.6%, Dogecoin advanced 3.6%, and Chainlink surged 4%. Avalanche led with a 5% rise, while XRP, Stellar, Shiba Inu, Sui, and Hedera posted modest gains. Also Read: JPMorgan Chase to offer clients access to Bitcoin, despite CEO Dimon's continued criticism ADVERTISEMENT Bitcoin's dominance in the crypto market rose to 63.2%, with its market cap touching $2.184 trillion. However, daily trading volume dipped 3.2% to $47.57 billion, according to CoinMarketCap. (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)
Time of India
26-05-2025
- Business
- Time of India
Crypto prices today: Bitcoin trades near $110,000 as geopolitical tensions ease; Altcoins jump up to 5%
As of 12:51 PM IST, Bitcoin rose 2.1% to $1,09,993, while Ethereum gained 3.6% to $2,588. The global cryptocurrency market cap climbed 2% to $3.46 trillion. Bitcoin rebounded after the U.S. dialled back its 50% trade tariff threats on European imports, providing short-term relief to global markets. Analysts believe the crypto's next key resistance lies around $112,000. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Clear, Compelling Writing in Seconds With This Desktop App Grammarly Install Now "Bitcoin has bounced after the US backtracked its 50% trade tariff on Europe... it must break through $112,000 to continue its strong rally," said Vikram Subburaj, CEO of Giottus. Crypto Tracker TOP COIN SETS DeFi Tracker 10.14% Buy BTC 50 :: ETH 50 3.05% Buy Smart Contract Tracker 3.03% Buy NFT & Metaverse Tracker 2.31% Buy Web3 Tracker -0.34% Buy TOP COINS (₹) Ethereum 219,489 ( 3.57% ) Buy Bitcoin 9,356,758 ( 2.23% ) Buy BNB 57,405 ( 2.04% ) Buy XRP 200 ( 2.03% ) Buy Tether 85 ( 0.0% ) Buy The rally follows a record high of $112,000 last week, driven by growing institutional demand and optimism around global crypto regulation. While recent volatility stemmed from macro events, overall sentiment remains bullish. 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 minor pullbacks, Bitcoin continues to benefit from reduced supply post-halving and increasing on-chain activity," said Sathvik Vishwanath, Co-Founder & CEO of Unocoin. "Long-term holders may view dips as opportunities." Live Events Also Read: Why AI tokens are emerging as high-conviction investment theme in 2025 Corporate interest also added to the momentum. Asia-based consumer food giant DDC Enterprise acquired 21 BTC as part of a broader treasury strategy targeting 5,000 BTC. Meanwhile, Pakistan has announced a 2,000 megawatt energy allocation to support Bitcoin mining and AI data centres, according to CoinSwitch Markets Desk. Edul Patel, CEO of Mudrex, noted, "The quick rebound highlights BTC's resilience, supported by an 80% drop in daily exchange inflows... Bitcoin's strong fundamentals and declining sell-side activity position it well for further upside." Altcoins also traded in the green. Solana rose 3.2%, Cardano gained 4.6%, Dogecoin advanced 3.6%, and Chainlink surged 4%. Avalanche led with a 5% rise, while XRP, Stellar, Shiba Inu, Sui, and Hedera posted modest gains. Also Read: JPMorgan Chase to offer clients access to Bitcoin, despite CEO Dimon's continued criticism Bitcoin's dominance in the crypto market rose to 63.2%, with its market cap touching $2.184 trillion. However, daily trading volume dipped 3.2% to $47.57 billion, according to CoinMarketCap.
Khaleej Times
27-02-2025
- Business
- Khaleej Times
Where does bitcoin go after more than 20 per cent decline?
Bitcoin, the world's largest cryptocurrency by market capitalisation, has fallen below the $85,000 mark to trade at $83,740 on Thursday as the cryptomarket faces a sell-off pressure. The steep decline is more than 20 per cent from its January peak of $109,350. This is the largest selloff in 2025. Analysts suggest that a combination of factors, including ETF outflows and geopolitical tensions surrounding US trade policies, have contributed to this downturn, with some forecasting a potential drop to $74,000. As of 10:38am, bitcoin's price stood at $84,916.18 (BTC/USD), with a market capitalisation of $1.68 trillion and a 24-hour trading volume of $67.37 billion. The cryptocurrency declined by 4.61% on Wednesday, with a circulating supply of approximately 19.83 million BTC, according to Binance. The recent market turbulence has been fuelled by heightened concerns regarding US trade policies. President Donald Trump's suggestion of imposing tariffs on Canada and Mexico has added to the uncertainty. Although a White House official later clarified that the previous March 2 deadline for tariffs remains in place, the ambiguity has intensified market volatility. In response to reports of a potential 25% tariff on the EU, Bitcoin briefly fell to $82,300, prompting significant liquidations — over 157,000 leveraged traders lost a total of $766 million, with long positions accounting for approximately 80% of these losses, according to Vikram Subburaj, CEO of Giottus. Investor sentiment in the cryptocurrency market has turned markedly cautious. The Crypto Fear and Greed Index has plummeted from a neutral reading of 55 to a fear-driven 21 within a week, reflecting growing anxiety among traders. This sentiment has been further exacerbated by a recent hack of the Bybit exchange and escalating trade tensions. Simon Peters, a crypto analyst at eToro, notes that bitcoin had previously demonstrated resilience until it hit the $92,000 mark, a level that had served as a support point since November 2024. The break below this critical threshold likely triggered a cascade of liquidations, amplifying the downward momentum. 'Historically, bitcoin bull markets often see corrections of 25-35% before establishing a new base for growth. Currently, we are down 20 per cent from our all-time high, and a drop of 35 per cent could see Bitcoin testing levels around $70,000. However, this is not a guaranteed outcome,' Peters explains. Despite the current market turmoil, Peters advises long-term investors to maintain perspective. 'While large price fluctuations can be alarming, such movements are common across asset classes. It's important to remember that Bitcoin remains approximately 70 per cent higher than it was a year ago,' he emphasizes. For investors with available liquidity and a long-term outlook, this correction could be an opportune moment to bolster their bitcoin holdings. The current volatility presents both risks and opportunities, and those who believe in Bitcoin's long-term potential may find value in the lower prices. Cryptocurrency analysts argue that while Bitcoin's recent decline reflects broader market uncertainties and geopolitical tensions, its long-term trajectory remains a subject of interest for many investors. As the cryptocurrency landscape continues to evolve, staying informed and strategically navigating market fluctuations will be crucial for both new and seasoned investors.
