Latest news with #HimanshuMaradiya
News18
2 days ago
- Business
- News18
Bitcoin Slips Over 7.5% From Record High, Ether Also Down: Why Are Cryptos Falling?
Curated By : Last Updated: August 18, 2025, 12:52 IST Bitcoin Price Today, August 18. Bitcoin, the world's largest cryptocurrency, on Monday fell more than 2% on Monday, August 18, retreating to about $115,000. According to CoinMarketCap, Bitcoin was trading down by 2.2% at $115,451.51 as of 12:40 pm. Its market capitalisation stood at $2.29 trillion, with a 24-hour trading volume of $59.96 billion. With this, Bitcoin has fallen over 7.5% in the past four days from its all-time high of $124,457 recorded on August 14, 2025. Meanwhile, Ether, the second-largest token, also lost ground on Monday, slipping nearly 3% to $4,349 in the past 24 hours. The pullback comes after Bitcoin hit a record high of $124,457 on August 14, while Ether surged to within $100 of its all-time peak of $4,891.70 recorded in November 2021. Both tokens had been buoyed in recent weeks by strong institutional inflows, particularly from digital-asset treasury companies. According to CoinSwitch Markets Desk, 'BTC has seen high volatility over the past two days, slipping from levels above $123K to test lows near $115K. The decline began with persistent selling pressure that dragged prices below $121K and $119K. Although BTC briefly recovered toward $118,900, the move lacked strength and sellers quickly regained control, driving the price lower. Since Friday, ETH has dropped about 7% and is now trading near the $4,300 level." Japan's FSA is set to approve yen-denominated stablecoins as early as this fall, paving the way for the country's first domestically issued fiat-backed digital currency. Meanwhile, Gemini has filed with the U.S. SEC to list its Class A common stock on Nasdaq under the ticker GEMI, signaling the exchange's push into public markets, it added. Himanshu Maradiya, founder and chairman of CIFDAQ, said, 'Despite long-term optimism, crypto markets are facing short-term turbulence. Bitcoin and Ethereum have pulled back from recent highs amid hotter U.S. inflation data, trade tensions, and shifting expectations for interest rate cuts. Over $600 million in liquidations, profit-taking near resistance levels, and declining flows into decentralized finance have amplified the correction. Ethereum has also lagged Bitcoin, adding further pressure." With high leverage still in play, macroeconomic headwinds and regulatory uncertainty could continue fueling volatility in the months ahead, he added. Swipe Left For Next Video View all Avinash Shekhar, co-founder & CEO of Pi42, said, 'We are witnessing a strategic rotation into altcoins with solid fundamentals and real-world use cases. We interpret this as a sign of growing market sophistication, where participants are looking beyond just Bitcoin dominance and identifying value in projects that power key infrastructure like decentralised data services." This divergence in momentum is healthy for the broader digital asset ecosystem. It suggests that capital allocation is becoming more discerning, driven not just by price speculation, but by utility, adoption, and network strength, he added. Mohammad Haris Haris is Deputy News Editor (Business) at He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h... Read More Haris is Deputy News Editor (Business) at He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h... Read More Click here to add News18 as your preferred news source on Google, Stay updated with all the latest business news, including market trends, stock updates, tax, IPO, banking finance, real estate, savings and investments. Get in-depth analysis, expert opinions, and real-time updates. Also Download the News18 App to stay updated! view comments 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. Read More
News18
6 days ago
- Business
- News18
Bitcoin Hits Fresh All-Time High, Crosses $124,000 Amid US Rate Cut Expectations
Last Updated: Bitcoin Price Prediction: Traders now eye $135,000 as the next possible target, with the recent breakout validated by rising ETF flows and macro tailwinds. Bitcoin, the world's largest cryptocurrency, on Thursday touched its fresh all-time high, supported by strong institutional demand and growing expectations of a September interest rate cut. The price of Bitcoin stood at $124,196 on Thursday morning. However, the price has cooled down to trade at $120,640. According to Bitcoin traded at $124,196 at around 6 am on Thursday. However, as the prices have come down, the crypto was trading at $120,640 as of 9:45 am, which is 0.8% higher in the previous 24 hours, with a circulating supply of 19.91 million. 'Bitcoin surged past $124,000 for the first time, setting a new all-time high before easing. The rally was fuelled by strong institutional demand and growing expectations of a September interest rate cut, with CME FedWatch now showing a 93.7% probability. Softer-than-expected US CPI data at 2.7% y/y boosted optimism, though a core inflation uptick to 3.1% could keep the Fed cautious," said Himanshu Maradiya, founder and chairman of CIFDAQ. Ethereum also climbed near its 2021 peak, trading at $4,717. Institutional inflows remain a key driver BTC ETFs added over $3.6 billion in the past month, while corporate and sovereign treasuries now hold 3.64 million BTC, or 17% of supply. The markets may experience consolidation between $120K and $125K, but strong structural demand and limited supply will support further gains through the end of the year, he added. Bitcoin Price Prediction 2025 According to CoinSwitch Markets Desk, 'BTC has broken through the resistance zone between $122K-$123K, its previous October 2021 peak. Traders now eye $135,000 as the next possible target, with the recent breakout validated by rising ETF flows and macro tailwinds." Ethereum (ETH) is leading the mid-cap charge. Today's rally pushed ETH up about 8%, climbing to roughly $4,630–$4,750, and positioning it just shy of its 2021 ATH. ETH spot ETFs pulled in $523M as inflows. Fundamental momentum is further supported by whale accumulation, with on-chain data showing large addresses adding to positions ahead of this rally. view comments First Published: 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.
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Business Standard
31-07-2025
- Business
- Business Standard
Crypto security: Keep assets in self-custody, use insured exchange
Those holding crypto keys in a cold wallet must store seed phrases offline in a secure location Karthik Jerome Listen to This Article Crypto exchange CoinDCX has recently confirmed that $44.2 million (approximately ₹ 387 crore) was stolen from one of its internal hot wallets. Customer wallets were not affected. This marks the second-largest breach of an Indian crypto exchange, after the $235 million hack suffered by WazirX in 2024. Indian investors, who are joining the crypto investment bandwagon in large numbers, should be extremely cautious on the security front. 'Customers must assess their personal exposure. They must understand how their assets are stored, the risk controls that are in place, and whether the platform offers transparency on wallet management,' says Himanshu Maradiya,
Hans India
15-07-2025
- Business
- Hans India
Bitcoin hits record high of $1,21,000
New Delhi: Leadingcryptocurrency Bitcoin surged past the $1,21,000 milestone for the first time on Monday. According to data from CoinMarketCap, the cryptocurrency went up 2.75 per cent at $1,21,097.94 in early trade. Market capitalisation (mcap) of Bitcoin reached at $2.41 trillion, up 2.85 per cent, with trading volumes at $60.69 billion, up 33.12 per cent, the data showed. This year alone, the cryptocurrency has surged more than 29 per cent, according to reports. Ethereum, the second largest cryptocurrency, jumped 3.28 per cent to $3,054.96, with market cap at $368.77 billion and trade volume at $21.62 billion, CoinMarketCap data showed. According to market watchers, Bitcoin's surge is driven by longer-term institutional buyers and this will propel it to $125,000 in the next month or two. 'Institutional demand remains a major driver, with US Bitcoin ETFs surpassing $50 billion in net inflows to date. BlackRock alone holds over $65 billion in BTC, while corporate treasuries continue to accumulate,' said Himanshu Maradiya, Founder and Chairman, CIFDAQ. Optimism is also fuelled by the US President Donald Trump administration's pro-crypto stance pushing for a Strategic Bitcoin Reserve and easing ETF approval norms. 'Macroeconomic shifts like a weaker dollar, rising treasury demand, and sovereign credit downgrades are further positioning BTC as a hedge. With regulatory clarity improving and Coinbase entering the S&P-500, Bitcoin's case as a mainstream asset has never looked stronger,' he added.
Time of India
14-07-2025
- Business
- Time of India
Bitcoin beats Amazon in market value; Crypto breaches $120,000 to hit new peak
Bitcoin overtook Amazon in market value on Monday, climbing past the $120,000 mark for the first time and cementing its status as one of the world's most valuable assets. The cryptocurrency's market capitalisation surged to $2.43 trillion, eclipsing Amazon's $2.39 trillion, as investors rushed to price in regulatory breakthroughs and intensifying political support from US policymakers. Bitcoin rose as much as 1.5% in Asian trading to hit a new all-time high of $121,207.55. It was last quoted at $120,856.34, bringing its year-to-date gains to 29%. Ether, the second-largest token, also advanced, touching a five-month peak of $3,048.23 before easing to $3,036.24. The total digital asset market now stands at approximately $3.78 trillion, according to CoinMarketCap. Crypto week begins in Washington The rally coincides with the start of a pivotal week in U.S. legislative circles. Beginning Monday, the House of Representatives will debate several bills including the CLARITY Act, Anti-CBDC Act, and GENIUS Act—proposals designed to give digital assets a clearer regulatory status and restrict the Federal Reserve from issuing central bank digital currencies. Crypto Tracker TOP COIN SETS Web3 Tracker 24.58% Buy AI Tracker 22.05% Buy DeFi Tracker 19.61% Buy BTC 50 :: ETH 50 16.31% Buy Crypto Blue Chip - 5 15.41% Buy TOP COINS (₹) XRP 253 ( 5.31% ) Buy Bitcoin 10,534,445 ( 4.12% ) Buy Solana 14,297 ( 2.58% ) Buy Ethereum 260,319 ( 2.47% ) Buy BNB 60,546 ( 2.12% ) Buy U.S. President Donald Trump, who has described himself as the 'crypto president,' has openly backed the digital asset industry and urged Congress to overhaul outdated rules. 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 » Institutional demand accelerates "Bitcoin has smashed past $121,000, marking fresh all-time highs as institutional demand and policy tailwinds fuel the rally," said Himanshu Maradiya, Founder & Chairman of CIFDAQ. 'The latest surge follows last week's 10% rise, with over $289 million in short liquidations amplifying momentum. Bitcoin ETFs saw $1.2 billion in inflows on Thursday and $1.03 billion Friday, pushing total US ETF net inflows beyond $50 billion to date.' Live Events Maradiya noted that the growing alignment between pro-crypto policies, macro uncertainty, and the increasing accessibility of regulated investment vehicles is 'rapidly solidifying' Bitcoin's position as a mainstream asset. $125,000 in sight Nigel Green, CEO of financial advisory major deVere Group, said that Bitcoin could climb to $125,000 within days as market forces and political momentum converge. 'Bitcoin has blasted through $122,000, and all the indicators point to $125,000 in sight this week,' Green said in a press release. 'It's being powered by deep political backing, new regulatory clarity, and sustained institutional inflows. This is a powerful combination we haven't seen at this scale before.' He highlighted the GENIUS Act in particular as a landmark measure that would create a national framework for stablecoins, one of the most significant regulatory steps by the U.S. to date. 'This is not crypto on the fringe anymore,' Green said. 'This is front and center of US financial policy. Trump is championing it, lawmakers are acting on it, and Wall Street is all-in.' Wall Street steps in Green said flows into US-listed spot Bitcoin ETFs have reached record levels, with asset managers like BlackRock and Fidelity continuing to scale up their exposure. 'Wall Street has crossed the Rubicon,' he said. 'The capital is committed. The infrastructure is there. The political will is building. The market is responding exactly as we expected.' The deVere group, which has previously projected Bitcoin to hit $150,000 in this market cycle, said that view remains intact, though short-term volatility is expected. 'The trajectory to $150K is intact, but investors should expect a sharp move to $140K, then a healthy sell-off before we power higher,' Green said. 'Investments of this magnitude don't move in straight lines. They surge, cool, consolidate, then break out again. That's the phase we're entering.' A new market order Bitcoin's market capitalisation now stands at $2.43 trillion, surpassing Amazon and trailing only a handful of publicly traded giants. Gains in crypto-linked stocks, including U.S.-listed miners and ETF proxy plays, have also intensified in recent weeks. 'The scale of capital entering the space is rewriting the map,' said Green. 'This isn't hype. This is asset reallocation on a global level.' 'The $125K milestone is within reach now, and when it comes, it will confirm what we've been saying: that Bitcoin is not only back, but can be expected to break through every ceiling put in front of it if the momentum continues,' said Green. Also read | Bitcoin surges past $120,000 to fresh all-time high
