Latest news with #HimanshuMaradiya
Yahoo
4 days ago
- Business
- Yahoo
Another war news sends market reeling
Crypto markets are reeling after a war is being waged, with India launching precision strikes into Pakistan-administered territory on May 6 — sparking fears of broader regional instability and rattling investors worldwide. As geopolitical tensions exploded into open conflict between the two nuclear-armed nations, Bitcoin dropped to $94,671, Ethereum to $1,774, and Solana to $144, reflecting a broader sell-off in digital assets. Altcoins across the board followed announced it had carried out 'Operation Sindoor,' hitting nine sites in Pakistan and Pakistan-controlled Kashmir that it described as 'terrorist infrastructure.' In a statement, the Indian government said, 'Our actions have been focused, measured and non-escalatory in nature. No Pakistani military facilities have been targeted.' President Donald Trump, reacting from the White House, told reporters, 'It's a shame,' after being informed of the escalation. Crypto markets, often seen as safe havens during financial uncertainty, are reacting differently in the face of war-related risk. Investor behavior shows a clear shift to de-risking, as wallets move into stablecoins and away from speculative positions. The sentiment mirrors similar declines during earlier geopolitical shocks, but this time, the potential for rapid escalation between two heavily armed neighbors adds a new layer of unpredictability. Volatility is expected to continue in the coming days, as investors await more clarity from both governments. Any further escalation or retaliatory strikes could deepen the market's slide. "The geopolitical tensions between India and Pakistan, including 'Operation Sindoor,' have introduced short-term volatility, which may impact prices. Long-term effects will depend on the resolution of the conflict," said Himanshu Maradiya, Founder and Chairman, CIFDAQ Group. 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
Mint
21-05-2025
- Business
- Mint
Crypto markets news: Bitcoin price above $1,07,000 levels today, experts eye long-term growth
Crypto markets news: The world's biggest cryptocurrency reached a high of $107,995 on May 21, but remained between the $106-107k levels during the day, according to data on CoinMarketCap. At time of writing, Bitcoin was at $106,706.27 up 1.50 per cent from the previous day, with market capitalisation of $2.12 trillion, up 1.50 per cent day-on-day, and trading volumes down 2.04 per cent to $53.65 billion. According to the CoinSwitch Markets Desk, this is the first time since January that Bitcoin has surged past the $107k level and is 2 per cent away from its all-time high, as bullish momentum intensified. 'Bitcoin futures open interest rose by 10.65 per cent from last week to $74.35 billion, led by Binance with $12.28B, signaling growing leverage in the market. Institutional demand also played a role, with US spot BTC ETFs recording net inflows of $41.7 million yesterday, marking their fifth consecutive day of inflows,' they said. Himanshu Maradiya, Founder and Chairman, CIFDAQ noted that the cryptocurrency market 'remains in a consolidation phase'. According to Alankar Saxena, Co-founder and CTO of Mudrex, Bitcoin continues to build momentum, briefly testing the $107,000 level as bulls maintain control. 'Net volume delta on major exchanges has turned positive, reflecting growing spot demand. Historically, an increase in spot demand often led to key market tops, driven by rapid sentiment shifts. Notably, Bitcoin supply on exchanges has dropped to 7.1 per cent, the lowest since November 2018, indicating rising investor confidence and a shift toward long-term holding.' He expects that this reduction in sell-side pressure indicates further upside. 'Currently trading near $106,800, BTC faces resistance at $108,000, with support at $105,000, setting the stage for its next potential breakout,' Saxena noted. According to Alex Kuptsikevich, market analyst at FxPro, Bitcoin is being driven upwards by a crowd of retail investors, who are also driving the US stock market. 'Small players don't care that the US economy is slowing down, and the Fed is not going to cut rates. Traders are buying the S&P 500 and digital assets simply because they are rising…Traders are not particularly concerned about the fact that as Bitcoin grows, the number of fraudulent transactions increases,' he pointed out. CoinDCX research team thinks so. 'After the bulls managed to revamp a strong rise before the day's close. Despite a small drop in the volume, the markets have surged, which indicates a drop in the bearish interference,' it noted. Riya Sehgal, Research Analyst at Delta Exchange concurs, she feels that rebounding from $103k levels to $106k levels shows 'solid buyer interest at lower levels', and that the focus will now be at potentially moving toward $110,000 and new all-time highs. 'However, until that level is convincingly breached, the market may continue ranging, allowing for healthy accumulation,' Sehgal added. While he did not talk about all-time highs, Kuptsikevich also feels that 'if the resistance at 107K is broken, there are more chances to restore the uptrend'. Meanwhile, the second largest token Ethereum rose 0.35 per cent over the past 24 hours to $2,529.76, at time of writing, with market cap of $305.41 billion and trading volume of $22.59 billion, according to CoinMarketCap data. CoinSwitch Markets Desk noted that the token is holding near the $2,500 level and trading above both its 50- and 100-day moving averages. In fact, according to Sehgal, it has been showing stronger relative strength, gaining nearly 60 per cent over the last month and outperforming Bitcoin. 'Ethereum is trading around the $2,500 mark, a key psychological resistance. While structural indicators like the Golden Cross and ascending trendlines suggest a bullish setup, on-chain data points to short-term overheating. Elevated trading volumes and profit-taking around $2,500 could trigger a minor pullback or consolidation. In the near term, we expect volatility to remain elevated, with ETH needing to hold above $2,200 and BTC above $105,000 to sustain bullish momentum. Broader market sentiment remains cautiously optimistic as we await further confirmation of trend continuation,' she said. Harish Vatnani, Head of Trade at ZebPay, Ethereum has seen swings, moving from recent lows of $1,385 to $2,738 in a 97 per cent prices surge, 'The asset currently faces strong resistance at $2,850. If it breaks and closes above this level with good volumes, we can expect prices to rally further to $3,000 and $3,350,' he noted. On other altcoins, CoinDCX noted that Litecoin, Cardano, and Solana, are yet to reach their respective resistance, while the top gainers include Pi, OFFICIAL TRUMP, and Fartcoin, with 10 per cent to 13 per cent gains. Meanwhile, Pyth Network leads the losers with over a 7 per cent drop, followed by Story and Litecoin with 4 per cent each. CoinSwitch also noted that in DeFi, 'Aave has solidified its dominance by surpassing $24 billion in total value locked (TVL), now accounting for 20 per cent of the entire DeFi's TVL'. According to Investopedia, TVL is a metric used in the cryptocurrency sector to determine the total US dollar value of digital assets locked, or staked, on a particular blockchain. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before taking any investment decisions.
Time of India
21-05-2025
- Business
- Time of India
Bitcoin at all-time high: What's powering the surge and how much is it trading for?
Bitcoin climbed sharply on Wednesday, May 21, inching close to its all-time high. By 11:07 AM IST, the cryptocurrency was trading at $107,647 — just 1.42% below its peak of $109,114.88, set earlier this January. According to CoinMarketCap, it had a 24-hour trading volume of $50.84 billion and a market capitalisation of $2.13 trillion. This surge marks Bitcoin's highest level since January and signals a potential breakout, according to market watchers. 'Bitcoin is consolidating near $107,000, with strong support at $98,000 and key resistance at $109,500. If this level is breached, the next target could be $112,000,' said Sathvik Vishwanath, Co-Founder and CEO of Unocoin . The bellwether cryptocurrency moved within a 24-hour range of $104,206.52 to $107,664.50. As of 10:46 AM, Bitcoin was up 1.32% on the day. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Cara Membantu Orang Terkasih Menghadapi Limfoma Limfoma Pelajari Undo Institutional inflows and futures activity bolster rally The ongoing rally is being fuelled by institutional interest and leveraged positions. BTC futures open interest rose by 10.65% to $74.35 billion over the past week. Binance alone accounted for $12.28 billion of that, according to data from CoinSwitch. US spot Bitcoin ETFs recorded net inflows of $41.7 million on Tuesday, marking their fifth consecutive day of gains. The CoinDCX research team noted, 'Despite a small drop in the volume, the markets have surged, which indicates a drop in the bearish interference.' Live Events Adding further context, Himanshu Maradiya, Founder and Chairman of CIFDAQ, observed, 'The crypto market remains in a consolidation phase, with Bitcoin repeatedly testing the $106,000 level but facing resistance, while Ethereum struggles to sustain above $2,700.' Ethereum holds firm above $2,500 Ethereum continued its upward trend, trading at $2,577.99 — up 0.38% in the past 24 hours — with a market capitalisation of $312.01 billion. The second-largest crypto asset by market cap has gained nearly 60% over the past month, outperforming Bitcoin. According to Riya Sehgal, Research Analyst at Delta Exchange, 'ETH is currently testing the key psychological resistance at $2,500. While structural indicators remain bullish, elevated trading volumes and recent profit-taking may lead to short-term consolidation.' Ethereum moved between $2,446.45 and $2,576.29 in the last 24 hours and saw a trading volume of $21.94 billion. Altcoins also register gains Most altcoins followed suit, with positive moves seen across the board. BNB gained 1.63%, Cardano (ADA) rose 2%, and Solana was up 0.56%. Dogecoin added 2.4%, while Avalanche, Stellar, and Shiba Inu all rose by around 1%. XRP, however, was slightly down by 0.11%. XRP's decline aside, overall sentiment across altcoins reflected cautious optimism. The broader market's total capitalisation rose to $3.4 trillion, with Bitcoin maintaining a 62.9% dominance. What's next for Bitcoin? Looking ahead, analysts say volatility is likely to stay high. For Bitcoin, maintaining levels above $105,000 is crucial for continued bullish momentum. Ethereum must hold above $2,200 to avoid deeper pullbacks. In addition to market movements, broader developments could further impact sentiment. The CoinDCX team pointed out that 'Big moves could be on the horizon, as some rumours suggest Coinbase could acquire USDC issuer Circle, despite IPO plans. Besides, Texas has just passed the Texas Strategic Bitcoin Reserve and Investment Act, allowing the state to invest in Bitcoin, which now awaits the governor's approval.'
News18
21-05-2025
- Business
- News18
Bitcoin Price Today: Popular Cryptocurrency Just 2% Away From All-Time High; Ethereum Rises Too
Last Updated: Altcoins, including Ethereum, Solana, Litecoin, Cardano also witnessed an upward movement. Ethereum was up 0.30 per cent to consolidate at $2,564.52. Bitcoin Price Today: The popular cryptocurrency Bitcoin is inching towards its all-time high. According to Binance, the current price of Bitcoin is Rs 107,666 at 10:00 am, which is just a 1.50 per cent low from its all-time high of $109,114.871. Though Bitcoin is experiencing a consolidated phase. 'The crypto market remains in a consolidation phase, with Bitcoin repeatedly testing the $106,000 level but facing resistance, while Ethereum struggles to sustain above $2,700," Himanshu Maradiya, Founder and Chairman, CIFDAQ argued. 'Despite a small drop in the volume, the markets have surged, which indicates a drop in the bearish interference," CoinDCX research team said. BTC futures open interest rose by 10.65% from last week to $74.35B, led by Binance with $12.28B, signaling growing leverage in the market. nstitutional demand also played a role, with U.S. spot BTC ETFs recording net inflows of $41.7M yesterday, marking their fifth consecutive day of inflows, said Coinswitch team desk. The current market capitalization of Bitcoin stands at $2.12 trillion, with volume of $50.38 billion. Ethereum, Solana Also Rise Altcoins, including Ethereum, Solana, Litecoin, Cardano also witnessed an upward movement. Ethereum was up 0.30 per cent to consolidate at $2,564.52, XRP also gained to trade at $2.37. 'Big moves could be on the horizon, as some rumors suggest Coinbase could acquire USDC issuer Circle, despite IPO plans. Besides, Texas has just passed the Texas Strategic Bitcoin Reserve and Investment Act, allowing the state to invest in Bitcoin, which now awaits the governor's approval, stated CoinDCX research team. advetisement Disclaimer: The views and investment tips by experts in this report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions. First Published:
India Today
09-05-2025
- Business
- India Today
Bitcoin crosses $100,000 again, as US-UK trade deal lifts market mood
Bitcoin has once again crossed the $100,000 mark, fuelled by improved market sentiment following a trade agreement between the US and UK, suggesting President Trump's trade tensions with other countries may be April 9, 2025, Bitcoin, the world's largest cryptocurrency, was trading at $102,784.57, up by 3.73% over the previous day, at the time of writing (10.30 AM).advertisementETHEREUM AND ALTCOINS JOIN THE RALLYIt's not just Bitcoin that's booming. Ethereum has jumped by 16.20% since last day and is now trading at $2,213.45. Other altcoins like Solana, XRP, Cardano, Stellar and Chainlink have also shown strong gains, increasing by 7.35%, 4.68%, 7.67%, 8.02% and 7.30%, respectively, since the previous day. According to Himanshu Maradiya, Founder and Chairman, CIFDAQ, 'Bitcoin has surged past the $100,000 milestone, signaling robust bullish momentum. Ethereum also exhibits strength, trading above $2,000, with increased whale activity and a resurgence in DeFi activity contributing to its upward trajectory.''The Bitcoin price smashes above the psychological barrier at $100K and marks the local highs at $104,175. After reclaiming a $2 trillion market cap, Bitcoin has become the world's fifth-largest asset, surpassing Amazon. Besides, the altcoins have also gained huge momentum as Ethereum rises above the pivotal resistance at $2,200 with over a 20% jump and Solana above $160,' mentioned FROM THE US-UK TRADE DEALadvertisementAdding to the momentum was the announcement of a fresh trade deal between US President Donald Trump and UK Prime Minister Keir Starmer. The agreement eases tariffs and signals a possible end to the trade tensions that began earlier this year. This helped lift market mood across sectors and gave crypto investors an added reason to feel positive.'The current surge marks the second leg of the broader bullish rally, and the opportunity to buy Bitcoin below the $100,000 mark may now be behind us. With institutional interest accelerating across the board, this rally underscores the rapid maturation of the crypto market and its growing acceptance as a mainstream asset class,' said Himanshu Watch
