Latest news with #IliyaKalchev
Yahoo
22-05-2025
- Business
- Yahoo
Bitcoin price hits all-time high above $111,000
Bitcoin (BTC-USD) hit a new all-time high above $111,000 (£82,605) on Thursday, marking another milestone in its 2025 bull run. The world's largest cryptocurrency by market cap continued to surge even as US stock markets declined on Wednesday, with the tech-heavy Nasdaq (^IXIC) posting losses. Analysts are pointing to growing institutional appetite for bitcoin as a major factor in its price appreciation. "Institutional conviction is clear, and bitcoin investment products saw $557m in inflows last week alone, contributing to a record-breaking $7.5bn year-to-date," said Nexo Dispatch analyst Iliya Kalchev. "On-chain data shows capital pouring in fast enough to push Bitcoin's Realized Cap above $900bn for the first time — evidence that this rally isn't just speculative, it's backed by real demand." Read more: Crypto live prices Regulatory progress in the US is also supporting sentiment. The GENIUS Act — a bill aimed at establishing a regulatory framework for stablecoins — cleared a key procedural vote in the US Senate this week. 'The GENIUS Act is a major step forward in removing regulatory uncertainty, but regulation, including this act, shouldn't place too much of a compliance burden on cryptocurrency startups, and should ensure the right of ordinary citizens to privacy,' Near Foundation head of research Lane Rettig said. Even traditional finance players appear to be softening their stance. JPMorgan (JPM) CEO Jamie Dimon, a longtime crypto skeptic, recently confirmed the bank will now allow clients to buy bitcoin. Supply dynamics are also playing a key role in the bitcoin price surge. The amount of bitcoin held on centralised cryptocurrency exchanges has dropped to historic lows, indicating a shift toward self-custody and reducing readily available supply. According to CryptoQuant, exchange reserves are at an all-time low. Read more: How Trump and Melania meme coins are performing after 100 days CoinGlass data shows that 7,206 BTC left exchanges in the last 24 hours, with over 121,000 bitcoin withdrawn in the past month. With shrinking supply and rising demand, analysts believe bitcoin's rally could be far from over. Standard Chartered (STAN.L) recently reiterated its bullish outlook, forecasting a price of $200,000. Financial educator and author Robert Kiyosaki predicted bitcoin could hit $250,000 by year-end — and potentially reach $500,000 or even $1m longer term. Read more: Why pension funds are buying bitcoin What we know about Elon Musk's controversial blockchain vision for US How AI could change the internetError 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
Yahoo
22-05-2025
- Business
- Yahoo
Bitcoin price hits all-time high above $111,000
Bitcoin (BTC-USD) hit a new all-time high above $111,000 (£82,605) on Thursday, marking another milestone in its 2025 bull run. The world's largest cryptocurrency by market cap continued to surge even as US stock markets declined on Wednesday, with the tech-heavy Nasdaq (^IXIC) posting losses. Analysts are pointing to growing institutional appetite for bitcoin as a major factor in its price appreciation. "Institutional conviction is clear, and bitcoin investment products saw $557m in inflows last week alone, contributing to a record-breaking $7.5bn year-to-date," said Nexo Dispatch analyst Iliya Kalchev. "On-chain data shows capital pouring in fast enough to push Bitcoin's Realized Cap above $900bn for the first time — evidence that this rally isn't just speculative, it's backed by real demand." Read more: Crypto live prices Regulatory progress in the US is also supporting sentiment. The GENIUS Act — a bill aimed at establishing a regulatory framework for stablecoins — cleared a key procedural vote in the US Senate this week. 'The GENIUS Act is a major step forward in removing regulatory uncertainty, but regulation, including this act, shouldn't place too much of a compliance burden on cryptocurrency startups, and should ensure the right of ordinary citizens to privacy,' Near Foundation head of research Lane Rettig said. Even traditional finance players appear to be softening their stance. JPMorgan (JPM) CEO Jamie Dimon, a longtime crypto skeptic, recently confirmed the bank will now allow clients to buy bitcoin. Supply dynamics are also playing a key role in the bitcoin price surge. The amount of bitcoin held on centralised cryptocurrency exchanges has dropped to historic lows, indicating a shift toward self-custody and reducing readily available supply. According to CryptoQuant, exchange reserves are at an all-time low. Read more: How Trump and Melania meme coins are performing after 100 days CoinGlass data shows that 7,206 BTC left exchanges in the last 24 hours, with over 121,000 bitcoin withdrawn in the past month. With shrinking supply and rising demand, analysts believe bitcoin's rally could be far from over. Standard Chartered (STAN.L) recently reiterated its bullish outlook, forecasting a price of $200,000. Financial educator and author Robert Kiyosaki predicted bitcoin could hit $250,000 by year-end — and potentially reach $500,000 or even $1m longer term. Read more: Why pension funds are buying bitcoin What we know about Elon Musk's controversial blockchain vision for US How AI could change the internetError 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
Yahoo
15-05-2025
- Business
- Yahoo
Bitcoin price holds above $102,000 as BlackRock leads fund inflows
Bitcoin (BTC-USD) traded relatively flat on Thursday, priced just above $102,200 (£76,989) — down around 1% on the day — as institutional investors resumed allocations into US-based spot bitcoin exchange-traded funds (ETFs) on Wednesday. A total of nearly $320m flowed into the eleven US-listed bitcoin ETFs during the session, reversing Tuesday's outflows. BlackRock's (BLK) IBIT (IBIT) led the way, attracting $232.9m in inflows. The return of institutional buying followed a day of net outflows totalling $96m on Tuesday, which coincided with bitcoin dipping to $101,429. Some investors appear to be waiting for a decisive break above the $105,000 mark before increasing exposure. Read more: Crypto live prices 'Despite the pause, momentum remains firm and over 98% of bitcoin wallet addresses are in profit, and open interest stays above $30bn,' Nexo Dispatch analyst Iliya Kalchev told Yahoo Finance UK. 'Futures activity has picked up, and options markets show growing demand for upside exposure, and for now, traders are focused on macro data as the next driver of direction.' Altcoins mostly declined on Wednesday, paring gains from earlier in the week. Ethereum (ETH-USD), the world's second-largest cryptocurrency, dropped 3.8% to $2,574.30. XRP (XRP-USD) fell 3.6% to $0.4983. Solana (SOL-USD) slumped 5.6%, Cardano (ADA-GBP) lost over 5%, and Polygon shed more than 7%. Among meme coins, Dogecoin (DOGE-USD) plunged 5.8%, while $TRUMP (TRUMP-OFFICIAL-USD) dropped 6.2%. Equity markets also turned cautious ahead of the US Producer Price Index (PPI) data due Thursday, which could offer further clues on US inflation and the Federal Reserve's interest rate outlook. In pre-market trading, Dow futures (YM=F), S&P 500 futures (ES=F), and Nasdaq futures (NQ=F) were down 0.58%, 0.42%, and 0.43%, respectively. Read more: How Trump and Melania meme coins are performing after 100 days Bitcoin remains above the psychologically significant $100,000 level, supported by optimism over easing trade tensions. However, uncertainty continues to cap gains this week. Investor sentiment improved earlier in the week following a joint US-China statement pledging to temporarily roll back tariffs, easing fears of a global economic slowdown. That optimism was reinforced on Tuesday when the US Consumer Price Index (CPI) data came in lower than expected, calming inflation concerns. These developments strengthened expectations that the Federal Reserve could cut interest rates later this year. Still, analysts remain cautious, noting that the Fed is likely to prioritise inflation control and wait for clearer signs of economic softening before making a move. Read more: Why pension funds are buying bitcoin What we know about Elon Musk's controversial blockchain vision for US How AI could change the internetError 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
Yahoo
15-05-2025
- Business
- Yahoo
Bitcoin price holds above $102,000 as BlackRock leads fund inflows
Bitcoin (BTC-USD) traded relatively flat on Thursday, priced just above $102,200 (£76,989) — down around 1% on the day — as institutional investors resumed allocations into US-based spot bitcoin exchange-traded funds (ETFs) on Wednesday. A total of nearly $320m flowed into the eleven US-listed bitcoin ETFs during the session, reversing Tuesday's outflows. BlackRock's (BLK) IBIT (IBIT) led the way, attracting $232.9m in inflows. The return of institutional buying followed a day of net outflows totalling $96m on Tuesday, which coincided with bitcoin dipping to $101,429. Some investors appear to be waiting for a decisive break above the $105,000 mark before increasing exposure. Read more: Crypto live prices 'Despite the pause, momentum remains firm and over 98% of bitcoin wallet addresses are in profit, and open interest stays above $30bn,' Nexo Dispatch analyst Iliya Kalchev told Yahoo Finance UK. 'Futures activity has picked up, and options markets show growing demand for upside exposure, and for now, traders are focused on macro data as the next driver of direction.' Altcoins mostly declined on Wednesday, paring gains from earlier in the week. Ethereum (ETH-USD), the world's second-largest cryptocurrency, dropped 3.8% to $2,574.30. XRP (XRP-USD) fell 3.6% to $0.4983. Solana (SOL-USD) slumped 5.6%, Cardano (ADA-GBP) lost over 5%, and Polygon shed more than 7%. Among meme coins, Dogecoin (DOGE-USD) plunged 5.8%, while $TRUMP (TRUMP-OFFICIAL-USD) dropped 6.2%. Equity markets also turned cautious ahead of the US Producer Price Index (PPI) data due Thursday, which could offer further clues on US inflation and the Federal Reserve's interest rate outlook. In pre-market trading, Dow futures (YM=F), S&P 500 futures (ES=F), and Nasdaq futures (NQ=F) were down 0.58%, 0.42%, and 0.43%, respectively. Read more: How Trump and Melania meme coins are performing after 100 days Bitcoin remains above the psychologically significant $100,000 level, supported by optimism over easing trade tensions. However, uncertainty continues to cap gains this week. Investor sentiment improved earlier in the week following a joint US-China statement pledging to temporarily roll back tariffs, easing fears of a global economic slowdown. That optimism was reinforced on Tuesday when the US Consumer Price Index (CPI) data came in lower than expected, calming inflation concerns. These developments strengthened expectations that the Federal Reserve could cut interest rates later this year. Still, analysts remain cautious, noting that the Fed is likely to prioritise inflation control and wait for clearer signs of economic softening before making a move. Read more: Why pension funds are buying bitcoin What we know about Elon Musk's controversial blockchain vision for US How AI could change the internet
Yahoo
15-05-2025
- Business
- Yahoo
Bitcoin price holds above $102,000 as BlackRock leads fund inflows
Bitcoin (BTC-USD) traded relatively flat on Thursday, priced just above $102,200 (£76,989) — down around 1% on the day — as institutional investors resumed allocations into US-based spot bitcoin exchange-traded funds (ETFs) on Wednesday. A total of nearly $320m flowed into the eleven US-listed bitcoin ETFs during the session, reversing Tuesday's outflows. BlackRock's (BLK) IBIT (IBIT) led the way, attracting $232.9m in inflows. The return of institutional buying followed a day of net outflows totalling $96m on Tuesday, which coincided with bitcoin dipping to $101,429. Some investors appear to be waiting for a decisive break above the $105,000 mark before increasing exposure. Read more: Crypto live prices 'Despite the pause, momentum remains firm and over 98% of bitcoin wallet addresses are in profit, and open interest stays above $30bn,' Nexo Dispatch analyst Iliya Kalchev told Yahoo Finance UK. 'Futures activity has picked up, and options markets show growing demand for upside exposure, and for now, traders are focused on macro data as the next driver of direction.' Altcoins mostly declined on Wednesday, paring gains from earlier in the week. Ethereum (ETH-USD), the world's second-largest cryptocurrency, dropped 3.8% to $2,574.30. XRP (XRP-USD) fell 3.6% to $0.4983. Solana (SOL-USD) slumped 5.6%, Cardano (ADA-GBP) lost over 5%, and Polygon shed more than 7%. Among meme coins, Dogecoin (DOGE-USD) plunged 5.8%, while $TRUMP (TRUMP-OFFICIAL-USD) dropped 6.2%. Equity markets also turned cautious ahead of the US Producer Price Index (PPI) data due Thursday, which could offer further clues on US inflation and the Federal Reserve's interest rate outlook. In pre-market trading, Dow futures (YM=F), S&P 500 futures (ES=F), and Nasdaq futures (NQ=F) were down 0.58%, 0.42%, and 0.43%, respectively. Read more: How Trump and Melania meme coins are performing after 100 days Bitcoin remains above the psychologically significant $100,000 level, supported by optimism over easing trade tensions. However, uncertainty continues to cap gains this week. Investor sentiment improved earlier in the week following a joint US-China statement pledging to temporarily roll back tariffs, easing fears of a global economic slowdown. That optimism was reinforced on Tuesday when the US Consumer Price Index (CPI) data came in lower than expected, calming inflation concerns. These developments strengthened expectations that the Federal Reserve could cut interest rates later this year. Still, analysts remain cautious, noting that the Fed is likely to prioritise inflation control and wait for clearer signs of economic softening before making a move. Read more: Why pension funds are buying bitcoin What we know about Elon Musk's controversial blockchain vision for US How AI could change the internet
