Latest news with #NewsBTC
Time of India
28-07-2025
- Business
- Time of India
Bitcoin to hit $200,000 by December? Shocking forecast from major banking powerhouse
Spot Bitcoin ETFs Drive Price Momentum $15 Billion in ETF Inflows Could Add $63K to BTC Price Live Events User Growth Could Push BTC Even Higher Macroeconomic Factors Could Dampen Momentum Bitcoin Base Case: $135,000 by Year-End Best-Case Scenario: BTC Hits $199,000 FAQs (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Bitcoin's price has soared from around $45,000 at launch to a recent peak of about $123,000, and nowis giving investors hope for more with a bold prediction:, as per a to NewsBTC, the bank has projected three scenarios for where the price might reach by year‑end 2025, which range from a low of $64,000 in a weak market to a bull case of $199,000 if everything goes per Citi's analysts, several factors are driving this potential surge. One key reason is the growing influence ofs, which now account for over 40% of recent price movements, as per NewsBTC. Since Bitcoin ETFs' debut, US ETFs have bought approximately $54.66 billion worth of Bitcoin, injecting significant buying power into the market, according to READ: Elon Musk's SpaceX just moved Bitcoin after 3 years, should crypto investors panic? Citi's base case scenario expects another $15 billion to flow into Bitcoin ETFs this year, as the bank's model suggests that for every $1 of ETF inflow, Bitcoin's price could increase by roughly $4, as reported by NewsBTC. This means the additional ETF demand could add about $63,000 to Bitcoin's value, according to the ETFs now hold around 1.48 million BTC, worth more than $170 billion, which is around 7% of the total supply, as reported by growth is also fueling optimism, as per the report. The bank anticipates a 20% increase in active Bitcoin users over the next year, which alone could support a $75,000 rise in price, as reported by NewsBTC. More users trading and holding Bitcoin tend to stabilise prices and reduce sudden drops, provided these new users remain long-term holders rather than quick traders, according to the READ: Is Donald Trump cheating at golf again? New viral video at Turnberry sparks heated debate on social media The bank's model also accounts for, trimming its forecast by about $3,200 due to expected weaker performances in traditional markets like equities and gold, as reported by NewsBTC. This adjustment indicated that if stock and metal markets struggle, BTC won't fully decouple from broader risk assets, as reported by the growing regulatory approval and deeper links between crypto and traditional finance could offer some support, according to the the base‑case scenario prediction, Citi added the $63,000 from ETF flows to the $75,000 from user growth, then subtracted $3,200 for macro headwinds, as reported by calculation gives the price at about $135,000 this year, which is only $12,000 above the recent peak of $123,000, according to the report. This highlights that the bank sees more upside but not a runaway rally, at least not in the base case, as per per Citi's bull case, if ETFs keep pouring in way over $15 billion and user growth exceeds 20%, Bitcoin could increase to $199,000, according to the a drop to $64,000 is possible if macro conditions sour sharply, as reported by base-case forecast is $135,000, factoring in expected ETF and user growth, as per the NewsBTC weakness could trim Bitcoin's value by around $3,200, as per Citi's model.
Yahoo
02-06-2025
- Business
- Yahoo
ETH Rebounds Sharply From Intraday Lows, Signals Bullish Shift as $2,500 Holds
Ethereum continues to demonstrate notable resilience amid growing economic headwinds, maintaining its footing above the $2,500 support level despite intensified market volatility. The asset rebounded sharply from $2,472.84 to a session high of $2,547.92, with price currently holding near $2,514. Technical momentum remains intact as higher lows persist, supported by strong demand around the $2,486-$2,490 zone. Trade tensions between the United States and China and the recent climb in US Treasury yields have weighed heavily on risk assets, but Ethereum has held up comparatively well. Meanwhile, spot ETF inflows have added a tailwind, with $3 billion in net investment over the past three weeks pointing to sustained institutional interest. While upside remains capped by resistance near $2,550, ETH's price action reflects solid buyer conviction amid macro uncertainty. Technical Analysis Highlights Ethereum exhibited a notable 24-hour range of $67.47 (2.72%), with price action marked by a mid-day recovery from $2,472.84 to a peak of $2,547.92. The asset established strong support at the $2,486–$2,490 zone, confirmed by above-average volume during the 03:00 hour. Resistance emerged near $2,540–$2,547, where consistent profit-taking capped further upside. A decisive bounce from the $2,488 level, backed by 172,137 ETH in volume, reinforced bullish momentum despite late-session consolidation. ETH surged from $2,506.05 to $2,515.16 in the final hour, forming a clear uptrend between 07:05–07:18 supported by strong volume (4,730 ETH). A pullback to $2,502.42 held firm, with bulls stepping in to defend the $2,504–$2,506 region and prevent a breakdown. The final minutes saw renewed strength, with ETH climbing back toward $2,514, highlighting ongoing buying interest despite earlier volatility. External References "Ethereum Price Analysis: Is ETH Dumping to $2K Next as Momentum Fades?", CryptoPotato, published May 31, 2025. "Ethereum Pulls Back 10% But Holds Monthly Gains – Is The Next Pump Loading?", NewsBTC, published June 1, 2025. 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
Yahoo
01-06-2025
- Business
- Yahoo
ETH Price Dips Below $2,500 on Whale Exit Fears, Then Bounces Back Above Key Level
Ethereum (ETH) faced renewed downside pressure in late trading, tumbling below the $2,500 level as selling volume surged and broader risk sentiment weakened. Global trade tensions and renewed U.S. tariff risks have triggered risk-off flows, with digital assets increasingly mirroring traditional markets in their reaction to geopolitical uncertainty. On-chain data revealed sizable inflows to centralized exchanges — most notably 385,000 ETH to Binance —a dding to speculation that institutional players may be trimming positions. Although ETH has since recovered modestly to trade around $2,506, market observers are closely watching whether buyers can defend this level or if another leg lower is imminent. Technical Analysis Highlights ETH traded within a volatile $48.61 range (1.95%) between $2,551.09 and $2,499.09. Price action formed a bullish ascending channel before breaking down in the final hour. Heavy selling emerged near $2,550, with profit-taking accelerating into a sharp reversal. ETH dropped from $2,521.35 to $2,499.09 between 01:53 and 01:54, with combined volume exceeding 48,000 ETH across two minutes. Volume normalized shortly after, and price recovered slightly, consolidating around the $2,504–$2,508 band. The $2,500 level is now acting as interim support, though momentum remains fragile with signs of distribution still evident in recent volume patterns. External References "Ethereum Price Analysis: Is ETH Dumping to $2K Next as Momentum Fades?", CryptoPotato, published May 31, 2025. "Ethereum Bulls Defend Support – Key Indicator Hints At Short-Term Rally", NewsBTC, published May 31, 2025.
Yahoo
30-05-2025
- Business
- Yahoo
Ethereum Recovers Above $2,600 After Sharp Drop Triggers Heavy Trading
Ethereum price plummeted from 2724.737 to 2569.766, then recovered to 2621.656. Increased market volatility underscored by significant trading volume and bearish activity. A potential for further rise to $3000 supported by institutional interest and network improvements. Technical Analysis Highlights Price opened high at 2724.737 before a sharp decline. ETH/USD fell to a low of 2569.766, marking a 6% decrease. Recovery observed as the price closes near 2621.656. Short-term support identified around the 2570 level. Decline period marked by heightened trading volumes. Volatile trajectory noted with high at 2642.839 before session close. External References "Ethereum Market Outlook: Technical Indicators Signal Possible Continuation of Uptrend", NewsBTC, published May 29, 2025. "Analyst Predicts $3K Ethereum (ETH) Milestone in June", CryptoPotato, published May 29, 2025. "Ethereum Repeating Early 2024's Playbook – $3,800 Target In Sight?", NewsBTC, published May 30, 2205. "Ethereum Price Faces Mild Correction — Support Levels in Focus", NewsBTC, published May 30, 025. Sign in to access your portfolio
Yahoo
26-05-2025
- Business
- Yahoo
TRX Surges 1.25% as High-Volume Support Zone Propels Price Higher
TRX has demonstrated remarkable stability amid broader market volatility, establishing a higher trading range between $0.269-$0.273 with significant volume support, according to CoinDesk Research's technical analysis data model. The resilience comes as traditional markets struggle with uncertainty from escalating trade disputes between major economies. While Bitcoin and other cryptocurrencies experience price fluctuations, TRX's consistent performance suggests growing institutional interest in blockchain networks with practical utility and strong transaction volumes. Technical Analysis Highlights TRX established a 1.25% trading range ($0.269-$0.273) over the 24-hour period, showing notable resilience with strong buying at key support levels. Significant volume spike (120M+ units) during 09:00-11:00 hours coincided with price rallying from $0.270 to $0.273, forming a high-volume support zone. • The 23:00 hour showed renewed momentum on above-average volume, suggesting accumulation near the $0.272 resistance level. Mini-capitulation event occurred at 01:24, with TRX dropping sharply from $0.2728 to $0.2721 on high volume (2.58M units). Strong support emerged at $0.2719-$0.2720 level, with substantial buying volume (2.76M units) during 01:57-01:58 period propelling prices back toward $0.2724. External References "Tron Bulls Regain Control – On-Chain Data Shows Fresh Buying Pressure", NewsBTC, published May 25, 2025. Sign in to access your portfolio
