Latest news with #JoshuaLim
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First Post
22-05-2025
- Business
- First Post
Bitcoin at new record high, surpasses $110,000 for the first time
Bitcoin surged past the $110,000 mark for the first time on Thursday (22 May), hitting a new all-time high as growing investor confidence and strong institutional demand continue to drive the rally. read more Bitcoin at new record high, surpasses $110,000 for the first time. Source: Reuters. Bitcoin crossed the $110,000 mark for the first time on Thursday (May 22), rising as much as 2.2 per cent in early Asian trading before slightly pulling back, Bloomberg reported. The surge comes as traders grow more confident about the cryptocurrency's future, boosted by the progress of a stablecoin bill in the US Senate that could bring more regulatory clarity. Strong demand from Michael Saylor's firm, which holds over $50 billion in Bitcoin, along with other major buyers, is also driving the rally. STORY CONTINUES BELOW THIS AD 'It has been a slow motion grind into new all-time highs,' said Joshua Lim, global co-head of markets at FalconX. He emphasised that There's no shortage of demand for BTC from Spac and Pipe deals, which is manifesting in the premium on Coinbase spot prices. A wave of lesser-known small-cap firms and newly formed public companies backed by crypto giants are buying Bitcoin, using tools like convertible bonds and preferred stocks to fund their purchases. One example is Twenty One Capital, a new company backed by Tether, SoftBank, and a Cantor Fitzgerald affiliate, aiming to follow the same model as Michael Saylor's Strategy. Meanwhile, a subsidiary of Strive Enterprises, co-founded by Vivek Ramaswamy, is merging with Nasdaq-listed Asset Entities to create a Bitcoin-focused treasury firm.
Economic Times
22-05-2025
- Business
- Economic Times
Bitcoin tops $110,000 for first time as US optimism lifts crypto
Bitcoin has crossed $110,000, reaching a new record. Optimism grew after US senate considered a stablecoin bill. Michael Saylor's Strategy and other digital-asset firms are buying Bitcoin. Synopsis Bitcoin has crossed $110,000, reaching a new record. Optimism grew after US senate considered a stablecoin bill. Michael Saylor's Strategy and other digital-asset firms are buying Bitcoin. Some companies are using bonds and stocks to fund purchases. Traders are focusing on Bitcoin positions expiring in June. Experts suggest a sustained break above $110,000 could lead to $125,000. Bitcoin surpassed $110,000 for the first time to head toward another record high, with traders increasingly bullish on the prospects of the original cryptocurrency. ADVERTISEMENT Bitcoin climbed as much as 2.2% in early Asian trading on Thursday to hit $110,707, before paring gains, according to data compiled by Bloomberg. A wave of optimism is buoying Bitcoin after the advancement of a key stablecoin bill in the US senate fueled hopes of greater regulatory clarity for crypto operators. Surging demand from Michael Saylor's Strategy — which has stockpiled over $50 billion worth of Bitcoin — and a growing list of digital-asset hoarders is another driving force behind the rally. 'It has been a slow motion grind into new all-time highs,' said Joshua Lim, global co-head of markets at FalconX Ltd. 'There's no shortage of demand for BTC from SPAC and PIPE deals, which is manifesting in the premium on Coinbase spot prices.'Such buyers include a flurry of obscure small-cap companies and public firms newly formed by crypto heavyweights which are financing their purchases by offering anything from convertible bonds to preferred stocks to finance. ADVERTISEMENT An affiliate of Cantor Fitzgerald LP is working with stablecoin issuer Tether Holdings SA and SoftBank Group to launch Twenty One Capital Inc., a company that emulates Strategy's business model. A subsidiary of Strive Enterprises Inc. co-founded by Vivek Ramaswamy is merging with Nasdaq-listed Asset Entities Inc. to form a Bitcoin treasury options markets, traders built eye-catching Bitcoin positions earlier this week with the $110,000, $120,000 and $300,000 calls expiring on June 27 logging the most open interest — or number of outstanding contracts — on Deribit, the derivatives exchange. ADVERTISEMENT Tony Sycamore, market analyst at IG, said in a note that the fresh record shows that Bitcoin's steep decline from a previous high set on Jan. 20 to below $75,000 in April was 'a correction within a bull market.''A sustained break above $110,000 is needed to trigger the next leg higher towards $125,000,' he latest milestone comes as Trump prepares to meet with the biggest holders of his memecoin at a dinner at his golf club just outside Washington on Thursday. The event has raised concerns among ethics experts, who argue that it offers access through transactions that directly benefit the president, and has sparked criticism over the potential conflict of interest. (You can now subscribe to our ETMarkets WhatsApp channel) Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Cyient shares fall over 9% after Q4 profit declines, core business underperforms Cyient shares fall over 9% after Q4 profit declines, core business underperforms L&T Technology Services shares slide 7% after Q4 profit dips L&T Technology Services shares slide 7% after Q4 profit dips Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? SEBI warns of securities market frauds via YouTube, Facebook, X and more SEBI warns of securities market frauds via YouTube, Facebook, X and more API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders Security, transparency, and innovation: What sets Pi42 apart in crypto trading Security, transparency, and innovation: What sets Pi42 apart in crypto trading Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains The rise of Crypto Futures in India: Leverage, tax efficiency, and market maturity, Avinash Shekhar of Pi42 explains The rise of Crypto Futures in India: Leverage, tax efficiency, and market maturity, Avinash Shekhar of Pi42 explains How Pi42 is simplifying crypto trading: CTO Satish Mishra on integrating technical & fundamental insights NEXT STORY
Time of India
22-05-2025
- Business
- Time of India
Bitcoin tops $110,000 for first time as US optimism lifts crypto
Bitcoin surpassed $110,000 for the first time to head toward another record high, with traders increasingly bullish on the prospects of the original cryptocurrency . Bitcoin climbed as much as 2.2% in early Asian trading on Thursday to hit $110,707, before paring gains, according to data compiled by Bloomberg. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Switch to UnionBank Rewards Card UnionBank Credit Card Apply Now Undo A wave of optimism is buoying Bitcoin after the advancement of a key stablecoin bill in the US senate fueled hopes of greater regulatory clarity for crypto operators. Surging demand from Michael Saylor's Strategy — which has stockpiled over $50 billion worth of Bitcoin — and a growing list of digital-asset hoarders is another driving force behind the rally. Crypto Tracker TOP COIN SETS BTC 50 :: ETH 50 3.42% Buy DeFi Tracker 2.74% Buy Smart Contract Tracker 1.01% Buy Web3 Tracker -0.18% Buy NFT & Metaverse Tracker -1.94% Buy TOP COINS (₹) BNB 58,360 ( 4.69% ) Buy Bitcoin 9,461,134 ( 3.46% ) Buy Ethereum 222,043 ( 2.28% ) Buy XRP 206 ( 2.28% ) Buy Tether 86 ( -0.02% ) Buy 'It has been a slow motion grind into new all-time highs,' said Joshua Lim, global co-head of markets at FalconX Ltd. 'There's no shortage of demand for BTC from SPAC and PIPE deals, which is manifesting in the premium on Coinbase spot prices.' 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 » Bloomberg Live Events Such buyers include a flurry of obscure small-cap companies and public firms newly formed by crypto heavyweights which are financing their purchases by offering anything from convertible bonds to preferred stocks to finance. An affiliate of Cantor Fitzgerald LP is working with stablecoin issuer Tether Holdings SA and SoftBank Group to launch Twenty One Capital Inc., a company that emulates Strategy's business model. A subsidiary of Strive Enterprises Inc. co-founded by Vivek Ramaswamy is merging with Nasdaq-listed Asset Entities Inc. to form a Bitcoin treasury company. In options markets, traders built eye-catching Bitcoin positions earlier this week with the $110,000, $120,000 and $300,000 calls expiring on June 27 logging the most open interest — or number of outstanding contracts — on Deribit, the derivatives exchange. Tony Sycamore, market analyst at IG, said in a note that the fresh record shows that Bitcoin's steep decline from a previous high set on Jan. 20 to below $75,000 in April was 'a correction within a bull market.' 'A sustained break above $110,000 is needed to trigger the next leg higher towards $125,000,' he added. Bitcoin's latest milestone comes as Trump prepares to meet with the biggest holders of his memecoin at a dinner at his golf club just outside Washington on Thursday. The event has raised concerns among ethics experts, who argue that it offers access through transactions that directly benefit the president, and has sparked criticism over the potential conflict of interest.
Business Times
22-05-2025
- Business
- Business Times
Bitcoin tops US$110,000 for first time as US optimism lifts crypto
[KUALA LUMPUR] Bitcoin surpassed US$110,000 for the first time to head towards another record high, with traders increasingly bullish on the prospects of the original cryptocurrency. Bitcoin climbed as much as 2.2 per cent in early Asian trading on Thursday (May 22) to hit US$110,707, before paring gains, according to data compiled by Bloomberg. A wave of optimism is buoying Bitcoin after the advancement of a key stablecoin bill in the US Senate fuelled hopes of greater regulatory clarity for crypto operators. Surging demand from Michael Saylor's Strategy – which has stockpiled over US$50 billion worth of Bitcoin – and a growing list of digital-asset hoarders is another driving force behind the rally. 'It has been a slow motion grind into new all-time highs,' said Joshua Lim, global co-head of markets at FalconX. 'There's no shortage of demand for BTC from Spac and Pipe deals, which is manifesting in the premium on Coinbase spot prices.' Such buyers include a flurry of obscure small-cap companies and public firms newly formed by crypto heavyweights which are financing their purchases by offering anything from convertible bonds to preferred stocks to finance. An affiliate of Cantor Fitzgerald is working with stablecoin issuer Tether Holdings and SoftBank Group to launch Twenty One Capital, a company that emulates Strategy's business model. A subsidiary of Strive Enterprises co-founded by Vivek Ramaswamy is merging with Nasdaq-listed Asset Entities to form a Bitcoin treasury company. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up In options markets, traders built eye-catching Bitcoin positions earlier this week with the US$110,000, US$120,000 and US$300,000 calls expiring on Jun 27 logging the most open interest – or number of outstanding contracts – on Deribit, the derivatives exchange. Tony Sycamore, market analyst at IG, said in a note that the fresh record shows that Bitcoin's steep decline from a previous high set on Jan 20 to below US$75,000 in April was 'a correction within a bull market'. 'A sustained break above US$110,000 is needed to trigger the next leg higher towards US$125,000,' he added. Bitcoin's latest milestone comes as Trump prepares to meet with the biggest holders of his memecoin at a dinner at his golf club just outside Washington on Thursday. The event has raised concerns among ethics experts, who argue that it offers access through transactions that directly benefit the president, and has sparked criticism over the potential conflict of interest. BLOOMBERG
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Business Standard
22-05-2025
- Business
- Business Standard
Bitcoin tops $110,000 for first time as US optimism lifts cryptocurrencies
A wave of optimism is buoying Bitcoin after the advancement of a key stablecoin bill in the US senate fueled hopes of greater regulatory clarity for crypto operators Bloomberg Bitcoin surpassed $110,000 for the first time to head toward another record high, with traders increasingly bullish on the prospects of the original cryptocurrency. Bitcoin climbed as much as 2.2 per cent in early Asian trading on Thursday to hit $110,707, before paring gains, according to data compiled by Bloomberg. A wave of optimism is buoying Bitcoin after the advancement of a key stablecoin bill in the US senate fueled hopes of greater regulatory clarity for crypto operators. Surging demand from Michael Saylor's Strategy — which has stockpiled over $50 billion worth of Bitcoin — and a growing list of digital-asset hoarders is another driving force behind the rally. 'It has been a slow motion grind into new all-time highs,' said Joshua Lim, global co-head of markets at FalconX Ltd. 'There's no shortage of demand for BTC from SPAC and PIPE deals, which is manifesting in the premium on Coinbase spot prices.' Such buyers include a flurry of obscure small-cap companies and public firms newly formed by crypto heavyweights which are financing their purchases by offering anything from convertible bonds to preferred stocks to finance. An affiliate of Cantor Fitzgerald LP is working with stablecoin issuer Tether Holdings SA and SoftBank Group to launch Twenty One Capital Inc., a company that emulates Strategy's business model. A subsidiary of Strive Enterprises Inc. co-founded by Vivek Ramaswamy is merging with Nasdaq-listed Asset Entities Inc. to form a Bitcoin treasury company. In options markets, traders built eye-catching Bitcoin positions earlier this week with the $110,000, $120,000 and $300,000 calls expiring on June 27 logging the most open interest — or number of outstanding contracts — on Deribit, the derivatives exchange. Tony Sycamore, market analyst at IG, said in a note that the fresh record shows that Bitcoin's steep decline from a previous high set on Jan. 20 to below $75,000 in April was 'a correction within a bull market.' 'A sustained break above $110,000 is needed to trigger the next leg higher towards $125,000,' he added. Bitcoin's latest milestone comes as Trump prepares to meet with the biggest holders of his memecoin at a dinner at his golf club just outside Washington on Thursday. The event has raised concerns among ethics experts, who argue that it offers access through transactions that directly benefit the president, and has sparked criticism over the potential conflict of interest.
