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Bitcoin hovers near $120,000; Ethereum jumps over 3% amid strong ETF inflows
Bitcoin hovers near $120,000; Ethereum jumps over 3% amid strong ETF inflows

Time of India

time28-07-2025

  • Business
  • Time of India

Bitcoin hovers near $120,000; Ethereum jumps over 3% amid strong ETF inflows

The cryptocurrency market traded higher on Monday, with Bitcoin inching closer to the $120,000 mark and Ethereum leading gains among altcoins. As of 12:15 pm IST, Bitcoin was up 1% at $119,493, while Ethereum surged 3.5% to $3,914, according to data from CoinMarketCap. The overall crypto market capitalisation rose 1.74% to $3.97 trillion. Explore courses from Top Institutes in Please select course: Select a Course Category others Leadership Artificial Intelligence healthcare Project Management Data Science Management Degree CXO Technology MCA PGDM Cybersecurity Finance Product Management Design Thinking Data Science Others MBA Digital Marketing Operations Management Skills you'll gain: Duration: 16 Weeks Indian School of Business CERT - ISB Cybersecurity for Leaders Program India Starts on undefined Get Details Skills you'll gain: Duration: 16 Weeks Indian School of Business CERT - ISB Cybersecurity for Leaders Program India Starts on undefined Get Details Ethereum continued to outperform Bitcoin, adding to its recent strong performance. 'ETH jumped another 3.5% today, touching $3,900 and adding to its 59% surge over the past month,' said Shivam Thakral, CEO of BuyUcoin. 'Big money is pouring into Ethereum, with ETF inflows topping $2.2 billion last week—actually outpacing Bitcoin's numbers.' Crypto Tracker TOP COIN SETS DeFi Tracker 4.10% Buy NFT & Metaverse Tracker 2.06% Buy Web3 Tracker 1.27% Buy Crypto Blue Chip - 5 1.13% Buy AI Tracker -5.32% Buy TOP COINS (₹) BNB 73,887 ( 7.22% ) Buy Ethereum 336,659 ( 3.03% ) Buy XRP 284 ( 2.54% ) Buy Bitcoin 10,293,277 ( 0.68% ) Buy Tether 87 ( -0.01% ) Buy The bullish trend in Ethereum, backed by growing institutional interest, is prompting some market watchers to call this period an "Ethereum season" – a trend that has historically triggered rallies in other altcoins as well. 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 » Major altcoins also traded higher on Monday. BNB gained 6.7%, Avalanche 5%, Solana 3.3%, Dogecoin 2.6%, XRP 2.4%, Cardano 2%, and Chainlink 2.7%. Despite its recent rally, Bitcoin remains just shy of breaking above the $120,000 resistance level. 'Bitcoin continues to hover just shy of the $120,000 mark, catching its breath after bouncing back from its latest pullback,' Thakral said. Key support levels are currently at $116,411 and $115,000, while the next major resistance stands around $138,000. According to Piyush Walke, Derivatives Research Analyst at Delta Exchange, 'Bitcoin has traded between $118,000 and $120,000 over the past two days. Momentum indicators like MACD and ADX are still positive, but overbought signals from Stochastic and Williams %R hint at potential short-term consolidation.' Sathvik Vishwanath, Co-Founder and CEO of Unocoin, noted that institutional inflows via ETFs remain a strong bullish driver. 'Bitcoin is consolidating just below $120K, forming a bullish cup-and-handle pattern,' he said. 'But strong overhead supply limits a breakout. If BTC manages to hold this range and volume picks up, a surge toward $130K is likely.' The recent price movement has also been supported by macroeconomic developments. Harish Vatnani, Head of Trade at ZebPay, said Bitcoin's rally above $119,000 coincided with easing geopolitical tensions after the U.S. and China agreed to delay mutual trade tariffs. 'Bitcoin is now eyeing a daily close above its 10-day moving average, after rebounding from the $114,500 zone,' Vatnani added. He also pointed out that BTC recently made a new all-time high of $123,218 before pulling back to its current range between $120,500 and $115,500, where it's forming a potential bullish flag pattern. A breakout above $125,000 could lead to another leg up. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

Amber Group acquires controlling stake in Unitronics to boost Industry 4.0 solutions
Amber Group acquires controlling stake in Unitronics to boost Industry 4.0 solutions

Time of India

time28-07-2025

  • Business
  • Time of India

Amber Group acquires controlling stake in Unitronics to boost Industry 4.0 solutions

Electronics manufacturer Amber Group has signed definitive agreements to take a controlling stake in Israel-based Unitronics , a global player in industrial automations and control systems, the company said in an exchange filing. The company did not disclose the financials of the acquisition. Explore courses from Top Institutes in Please select course: Select a Course Category others Artificial Intelligence Data Science Management Healthcare PGDM Data Analytics Leadership healthcare Product Management Others Technology CXO Operations Management Degree Digital Marketing Project Management Public Policy MCA Data Science Finance MBA Design Thinking Skills you'll gain: Duration: 16 Weeks Indian School of Business CERT - ISB Cybersecurity for Leaders Program India Starts on undefined Get Details According to the terms of the acquisition, Unitronics will leverage Amber's electronics division -- IL JIN's extensive electronics manufacturing expertise to enhance operational synergies, accelerate innovation, and strengthen its product position in India. The acquisition comes as the Amber group looks to expand its product portfolio in industrial applications. The acquisition will also help Amber with backward integration, enhancing competitiveness, and gaining access to global markets like US and Europe amid rising demand for industry 4.0 applications. "This transaction will significantly strengthen Amber's Electronic Division by providing a strong foothold in the rapidly growing sector of Industry 4.0 solutions and real-time data-driven technologies," said Jasbir Singh, executive chairman and CEO, Amber Group said. Unitronics offers an extensive range of industrial automation products designed to meet the unique requirements of different applications including design, development, manufacturing, marketing, sale and support of products such as PLCs (Programmable logic controllers), HMIs (Human-Machine Interface), PLCs with integrated HMIs, VFDs (Variable Frequency Drives), Servo Drives, SaaS solutions like UniCloud, and Industrial Internet of Things (IIoT) with built- in business intelligence, supported by its all-in-one software for machine and process control across various industries, Amber said. Amber currently makes consumer durables, hearable and wearable devices, telecom equipment, automotive solutions, energy meters, and defence solutions. 'This strategic partnership with Amber Group represents a pivotal moment in our journey. Driven by a shared vision, this collaboration aims to unlock powerful synergies and scale the business to new heights," said Haim Shani, Joint Chairman of Unitronic. The executive will continue to serve on the board, and work closely with the Amber leadership, the joint statement added.

Gujarat ATS arrests four Al Qaeda-linked 'terrorists'
Gujarat ATS arrests four Al Qaeda-linked 'terrorists'

Time of India

time23-07-2025

  • Time of India

Gujarat ATS arrests four Al Qaeda-linked 'terrorists'

The Gujarat Anti Terrorism Squad (ATS) has arrested four alleged terrorists affiliated with Al Qaeda Indian Subcontinent on Wednesday. The four arrested include Fardin Sheikh from Ahmedabad, Mahammad Faique from Delhi, Jishan Ali from Noida and Saifullah Qureshi from Gujarat. Speaking to the media, Gujarat DIG ATS Sunil Joshi said they had received a tip-off about five Instagram accounts spreading ideologies espoused by Al Qaeda. The input was taken up for investigation and a technical team was created. Once the accounts were analysed and account holders identified, these four were put under digital and physical surveillance, which revealed their suspicious behaviour. After that, four different teams were despatched and four people were picked up. Their social media accounts revealed that they were propagating the ideology of the proscribed outfit across the country. Faique was in touch with the social media accounts of Pakistan, which provided him with Jihadi materials. Explore courses from Top Institutes in Please select course: Select a Course Category others Project Management Design Thinking Degree Operations Management Finance Public Policy Product Management CXO MBA healthcare Artificial Intelligence Cybersecurity Digital Marketing Technology Data Analytics MCA Leadership Data Science Healthcare Management Others Data Science PGDM Skills you'll gain: Duration: 16 Weeks Indian School of Business CERT - ISB Cybersecurity for Leaders Program India Starts on undefined Get Details

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