Latest news with #Maradiya
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Business Standard
07-05-2025
- Business
- Business Standard
Bitcoin's bullish momentum gains steam, eyes $100k ahead of US FOMC meeting
Bitcoin (BTC) price today, May 7, 2025: Bitcoin (BTC) has broken out of its range-bound phase between $90,000 and $95,000 and resumed its upward trajectory to reclaim $97,000 levels as market sentiment improved ahead of the US Federal Open Market Committee (FOMC) meeting. This, market analysts said, signals a bullish momentum for Bitcoin toward the $100K mark. At 10:20 AM on Wednesday, May 7, Bitcoin was quoted trading at around $96,476.58, higher by 2.13 per cent. The world's most popular cryptocurrency had a 24-hour trading volume of $31.36 billion. Bitcoin's market capitalisation stood at $1.91 trillion, the highest among all cryptocurrencies. Bitcoin has traded in the range of $93,399.86 to $97,625.81 in the last 24 hours, according to data from CoinMarketCap. Factors such as New Hampshire authorising the 'Bitcoin reserve bill' and rising hopes over a potential US-China trade deal, Alankar Saxena, Co-founder and CTO of Mudrex, said, drove renewed buying by the bulls. "While a rate cut remains unlikely, any move toward quantitative easing could inject fresh liquidity into the market, further supporting risk assets like crypto," said Saxena. Further on the regulatory front, the US has unveiled a draft crypto bill aimed at redefining digital asset oversight and strengthening investor protection, stating, 'The golden age of digital assets is here.' If Bitcoin breaks the resistance at $97,900, Saxena believes, a decisive move above the $100K mark is possible, with support standing at $93,700. Himanshu Maradiya, Founder and Chairman, CIFDAQ Group also shares similar views and remains bullish on the outlook of Bitcoin. The breakout of Bitcoin from $90,000 - $95,000, Maradiya said, signals bullish momentum toward the $100K mark. "Meanwhile, the geopolitical tensions between India and Pakistan, including 'Operation Sindoor'," Maradiya said, "have introduced short-term volatility, which may impact prices. Long-term effects will depend on the resolution of the conflict," said Maradiya. Ethereum and other altcoins Meanwhile, Ethereum (ETH), the world's second-largest cryptocurrency by market capitalisation, is also in focus, with the Pectra upgrade scheduled for today, adding to the overall market optimism. At last check, it was trading at around $1,828.02, up 1.84 per cent. Among other popular cryptocurrencies, Solana (SOL) was trading higher by 0.81 per cent, Binance Coin (BNB) was up by 0.78 per cent, and Ripple (XRP) up by 1.12 per cent. Meanwhile, the US dollar-linked stablecoin Tether was trading at $0.9999, down 0.001 per cent. Bitcoin (BTC), Ethereum (ETH), Alpaca Finance (ALPACA), Solana (SOL), and Litecoin (LTC) were among the top trending crypto coins on CoinMarketCap.
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Business Standard
25-04-2025
- Business
- Business Standard
Crypto market update: Bitcoin holds $93k level, faces resistance at $95k
Crypto markets have entered a consolidation phase after recent upside, with traders increasingly looking to altcoins for directional cues. Bitcoin (BTC) faced a minor pullback, however, has bounced back above $93,000 levels. At 10:38 AM on Friday, April 25, the flagship cryptocurrency was quoted trading at around $93,213.75 levels, higher by 0.28 per cent. Bitcoin has traded in the range of $91,696.71 to $94,430.89 in the last 24 hours, according to data from CoinMarketCap. The world's most popular cryptocurrency, which also has the largest market capitalisation, has a 24-hour trading volume of $32.73 billion. Bitcoin's market capitalisation stood at $1.84 trillion. Bitcoin, Alankar Saxena, co-founder and CTO of Mudrex, said, has quickly bounced back following a minor pullback due to a marginal increase in US jobless claims. However, robust inflows into spot Bitcoin ETFs, which totalled over $2.2 billion this week, gave Bitcoin enough strength to recover. According to CoinGlass data, a break above the $95,000 mark could trigger liquidations of nearly $700 million in short positions, easing selling pressure and setting the stage for the next leg up. "This could push Bitcoin to reclaim the $100,000 mark, while the support stands at $90,800," said Saxena. Meanwhile, Himanshu Maradiya, founder and chairman, CIFDAQ Group, believes that while Bitcoin hovers above the $90,000 resistance level, the spotlight is gradually shifting, just as in previous cycles, toward the altcoin space. AI, gaming, and meme tokens are drawing fresh attention from retail investors, reflecting a renewed risk-on appetite. However, this enthusiasm, Maradiya said, also comes with heightened volatility, especially among low-cap assets that can magnify both gains and losses. Sentiment, he said, remains cautiously optimistic, supported by expectations of favorable macroeconomic data and ETF inflows. "If liquidity conditions hold, select altcoins may outperform majors in the near term," said Maradiya. Here's how other cryptocurrencies are faring Ethereum (ETH), the world's second-largest cryptocurrency by market capitalisation, was quoted trading at around $1,765.72, down 0.45 per cent. Among other popular cryptocurrencies, Solana (SOL) was trading higher by 1.71 per cent, Binance Coin (BNB) with marginal gains of 0.04 per cent. Ripple (XRP), on the other hand, traded with a loss of 0.42 per cent. Meanwhile, the US dollar-linked stablecoin Tether traded at $1, up 0.04 per cent. Top trending Cryptocurrencies
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Business Standard
23-04-2025
- Business
- Business Standard
Bitcoin eyes $100,000: Is this the last chance to buy under six figures?
Cryptocurrencies were buzzing in trade on Monday, April 23, 2025, with the flagship currency Bitcoin (BTC) reclaiming the $90,000 threshold for the first time in 45 days. The broader crypto market has responded positively, with total market capitalisation rising by 5.82 per cent to $2.91 trillion. Market analysts attribute this rally in cryptocurrencies to increased institutional buying, a weakening dollar index, and other favorable macroeconomic conditions. Bitcoin, the world's most popular and largest cryptocurrency by market capitalisation, traded higher by nearly 6.41 per cent at $93,697.52 at 10:30 AM on April 23, 2025. The flagship crypto has traded in the range of $87,972.21 to $93,847.25 in the last 24 hours, with a trading volume of $56.02 billion, according to CoinMarketCap. Bitcoin's current market capitalisation stands at $1.85 trillion. This sharp upward move in Bitcoin, Riya Sehgal, research analyst at Delta Exchange, said, is not just a product of technical momentum—it is driven by stronger macroeconomic signals and renewed institutional interest. "The recent $381 million in net inflows across US spot Bitcoin ETFs, the highest single-day total since late January, speaks volumes about the shift in sentiment among long-term investors. With long-term holders steadily accumulating and technical indicators showing strength above key support levels, the stage may be set for Bitcoin to make a decisive push toward the $100,000 milestone," said Sehgal. Impact of geopolitical developments Geopolitical developments are also playing a key role. Remarks from US Treasury Secretary Scott Bessent and President Trump suggesting a de-escalation in the US-China trade dispute have improved the broader risk environment, lifting both traditional equities and digital assets. Over $581 million in liquidated short positions highlights how swiftly the market is rebalancing in response to this optimism. This current surge highlights Bitcoin's resilience amid persistent market volatility, said Himanshu Maradiya, founder and chairman of CIFDAQ Group. Supporting this rally, the US dollar index has hit a three-year low at 98.29, creating favorable macroeconomic conditions for crypto assets. "Adding to the bullish sentiment is the appointment of Paul Atkins as SEC Chairman. His return signals a shift toward a more constructive regulatory approach, with several enforcement actions already rolled back under his leadership," said Maradiya. "With resistance expected around the $90K–$94K range, investors may be looking at the 'last chance' to accumulate Bitcoin below $100K." However, Maradiya advises caution, as volatility may still resurface. Institutional buying impact Meanwhile, Alankar Saxena, co-founder and CTO of Mudrex, attributes this rally to increased institutional buying, with Bitcoin spot ETFs seeing net inflows reach a multi-month high of over $700 million, totaling over $1 billion in inflows this week alone. "Additionally, the Fear and Greed Index now stands at 'Neutral', indicating that retail investors are re-entering the markets. Another bullish metric is the decline in exchange inflows, suggesting reduced selling pressure, helping build momentum," said Saxena. If bulls stay in control, Saxena expects Bitcoin to move toward $100K, with support moving up to $88,000. That said, altcoins were closely following Bitcoin's lead. Ethereum (ETH) stands out with a 13.27 per cent gain in the past 24 hours, driven by strong network activity and renewed investor interest. Solana (SOL) has also performed well, posting a 6.68 per cent gain. Meanwhile, XRP and several other altcoins have recorded solid upward momentum, further fueling optimism across the market.
Economic Times
21-04-2025
- Business
- Economic Times
Crypto prices today: Bitcoin jumps 3% to $87,500; Chainlink, Sui surge up to 6%
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Bitcoin, Ethereum, and other blue-chip crypto tokens were trading higher on Monday, as the dollar sharply declined amid global uncertainties over trade of 1:13 PM IST, Bitcoin rose 3.3% to $87,518, while Ethereum gained 3.4%, reaching $1,646. The global cryptocurrency market cap increased by 2.7%, reaching $2.75 trillion."Bitcoin has bounced back strongly, crossing $87,000 after dipping to $74,500 earlier this month. This came as hedge funds aggressively sold the dollar against major currencies, driving the DXY to 98.5, its lowest since April 2022 and down 10% in three months. A weaker dollar typically fuels risk-taking, and crypto markets are clearly benefiting," said Riya Sehgal, Research Analyst, Delta Exchange."Also, the move is backed by growing liquidity, steady ETF inflows, and continued institutional buying, like Strategy's recent 3,459 BTC purchase," she Maradiya, Founder and Chairman of CIFDAQ, added, "Bitcoin now looks firmly bullish, with momentum indicating a potential move toward the $90,000-$94,000 range. A sustained breakout could signal broader market strength, attracting both institutional and retail investors."Also Read: Rich Dad Poor Dad author Robert Kiyosaki predicts Bitcoin will double to $200k by 2025 Among altcoins, XRP gained 3%, Solana increased by 1%, Dogecoin rose 3%, Cardano climbed 3%, and Chainlink surged 5%. Meanwhile, Avalanche rose 4%, Toncoin increased by 2%, Shiba Inu gained 2.5%, Sui rose 6%, and Hedera surged 5%.Bitcoin's market cap climbed to $1.737 trillion, with its dominance rising to 63.06%. Daily trading volume surged by 78.56%, reaching $25.58 billion. Stablecoins accounted for 92.88% of total crypto trading activity, totaling $61.5 billion, according to CoinMarketCap."Major altcoins have posted modest gains, with Ethereum reclaiming the $2,600 mark. Bitcoin's dominance continues to strengthen above 63%. A reversal of this trend could trigger an altcoin season if Bitcoin maintains its position above $90,000," said Vikram Subburaj, CEO of Read: Bitcoin was born out of the 2008 financial crisis, will die in the 2025 crisis, says Peter Schiff (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Time of India
21-04-2025
- Business
- Time of India
Crypto prices today: Bitcoin jumps 3% to $87,500; Chainlink, Sui surge up to 6%
Bitcoin price today: Bitcoin and Ethereum rose as dollar weakness and institutional buying fueled bullish momentum; altcoins like XRP, Solana, and Dogecoin also posted solid gains. Bitcoin price today: Bitcoin rallied 3.3% to $87,518 as the dollar fell sharply, sparking broader gains in the crypto market. Ethereum and major altcoins also rose amid strong liquidity and ETF inflows, pushing the global crypto market cap to $2.75 trillion. Tired of too many ads? Remove Ads Crypto TrackerPowered By TOP COINS TOP COIN SETS XRP 181.9 ( 3.37 %) Buy Ethereum 1,40,282 ( 3.31 %) Buy Bitcoin 74,54,696 ( 3.17 %) Buy BNB 51,493 ( 1.56 %) Buy Solana 11,971.05 ( 0.82 %) Buy Tired of too many ads? Remove Ads Bitcoin, Ethereum, and other blue-chip crypto tokens were trading higher on Monday, as the dollar sharply declined amid global uncertainties over trade of 1:13 PM IST, Bitcoin rose 3.3% to $87,518, while Ethereum gained 3.4%, reaching $1,646. The global cryptocurrency market cap increased by 2.7%, reaching $2.75 trillion."Bitcoin has bounced back strongly, crossing $87,000 after dipping to $74,500 earlier this month. This came as hedge funds aggressively sold the dollar against major currencies, driving the DXY to 98.5, its lowest since April 2022 and down 10% in three months. A weaker dollar typically fuels risk-taking, and crypto markets are clearly benefiting," said Riya Sehgal, Research Analyst, Delta Exchange."Also, the move is backed by growing liquidity, steady ETF inflows, and continued institutional buying, like Strategy's recent 3,459 BTC purchase," she Maradiya, Founder and Chairman of CIFDAQ, added, "Bitcoin now looks firmly bullish, with momentum indicating a potential move toward the $90,000-$94,000 range. A sustained breakout could signal broader market strength, attracting both institutional and retail investors."Also Read: Rich Dad Poor Dad author Robert Kiyosaki predicts Bitcoin will double to $200k by 2025 Among altcoins, XRP gained 3%, Solana increased by 1%, Dogecoin rose 3%, Cardano climbed 3%, and Chainlink surged 5%. Meanwhile, Avalanche rose 4%, Toncoin increased by 2%, Shiba Inu gained 2.5%, Sui rose 6%, and Hedera surged 5%.Bitcoin's market cap climbed to $1.737 trillion, with its dominance rising to 63.06%. Daily trading volume surged by 78.56%, reaching $25.58 billion. Stablecoins accounted for 92.88% of total crypto trading activity, totaling $61.5 billion, according to CoinMarketCap."Major altcoins have posted modest gains, with Ethereum reclaiming the $2,600 mark. Bitcoin's dominance continues to strengthen above 63%. A reversal of this trend could trigger an altcoin season if Bitcoin maintains its position above $90,000," said Vikram Subburaj, CEO of Read: Bitcoin was born out of the 2008 financial crisis, will die in the 2025 crisis, says Peter Schiff (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
