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Economic Times
12-05-2025
- Business
- Economic Times
Crypto prices today: Bitcoin tops $105K on US-China trade optimism; Altcoins mixed
Bitcoin surged above $105,000 on Monday, driven by growing optimism around U.S.-China trade talks and increasing interest in the broader cryptocurrency market. ADVERTISEMENT As of midday trading (IST), the world's leading cryptocurrency was hovering around $103,914 after touching an intraday high of $105,039. Global financial markets also reacted positively to reports that the U.S. may reduce tariffs on Chinese imports. Although no deal has been finalised, hopes of a rollback to earlier levels are raising expectations that a global recession might be avoided. 'The market is still bullish, especially with a possible U.S.-China trade deal on the way,' said Vikram Subburaj, CEO of Giottus Crypto Platform. 'If Bitcoin stays above $105,000, it could hit new highs soon.'Bitcoin's market capitalisation rose to $2.067 trillion, with daily trading volume increasing 4% to $46.32 billion. The overall cryptocurrency market cap now stands at $3.46 trillion, though it slipped slightly by 2% in the past 24 analysts say Bitcoin is gaining strong upward momentum. Piyush Walke, Analyst at Delta Exchange, pointed out that Bitcoin recently broke out of a bullish chart pattern. 'If the breakout holds, Bitcoin could rise to $115,600,' he said, while noting that resistance could emerge near the $107,000 level. ADVERTISEMENT Also Read: Crypto market regains bullish momentum amid economic shifts and institutional inflows Sathvik Vishwanath, CEO of Unocoin, added a note of caution. 'Technical indicators show overbought conditions, which could lead to a short-term pullback. Key support lies at $100,000, and resistance is at $106,265.' ADVERTISEMENT Meanwhile, altcoins showed mixed results. Ethereum fell slightly but stayed strong above $2,500. Dogecoin, Cardano, Sui, Chainlink, and Shiba Inu gained up to 3%. Pi coin jumped over 40%, becoming the top performer of the day. Also Read: 5 timeless Warren Buffett quotes every investor should know ADVERTISEMENT Market sentiment remains optimistic. According to CoinDCX, the Crypto Fear & Greed Index climbed to 73, indicating increased investor confidence. More than 110,000 Bitcoin were withdrawn from exchanges in the past month — a bullish signal, often interpreted as investors preparing to hold rather than sell. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
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Business Standard
12-05-2025
- Business
- Business Standard
Bitcoin consolidates near $104k, eyes $115k; ETH slips below $2,500
Flagship cryptocurrency Bitcoin (BTC), after reclaiming the $100,000 level for the first time since February 2025, continues to hold above it. Bitcoin hit the six-figure milestone on Thursday, May 8, but has since been consolidating around the $104,000 level. Bitcoin was trading at $103,893.53, up marginally by 0.03 per cent at 11:26 AM on CoinMarketCap. The cryptocurrency has fluctuated between $103,364.74 and $105,039.36 over the past 24 hours, with a trading volume of $46.73 billion. Bitcoin's market capitalisation stood at $2.06 trillion, the highest among all cryptocurrencies. Notably, Bitcoin is 4.73 per cent lower than its all-time high of $109,114.88, reached nearly four months ago on January 20, 2025. Bitcoin eyes fresh highs The current consolidation in Bitcoin, Piyush Walke, derivatives research analyst at Delta Exchange, said, marks a breakout from Bitcoin's recent consolidation zone, which had formed a bullish flag-and-pole pattern. If the breakout holds, Walke suggests that the technical projection could indicate a potential move toward the $115,600 level, surpassing the previous all-time high. Echoing similar views, Vikram Subburaj, CEO of Giottus Crypto Platform, believes that Bitcoin could scale a new all-time high. "This is a decisive week for crypto as Bitcoin consolidates above $103,000. A strong bullish bias driven by a new US-China deal could be the fuel for another sustained run in the markets. If Bitcoin breaks above $105,000, it could rally toward a new high," Subburaj said. Walke, on the other hand, noted, "If Bitcoin maintains its upward momentum, the $115,600 target levels could be reached in the near term. However, it may encounter resistance near the $107,000 level, which also aligns with a technical supply zone. Meanwhile, Bitcoin reaching the position of the world's fifth-largest asset by market capitalisation marks a significant milestone, reflecting growing investor confidence in the broader crypto asset class." Altcoins trade lower Meanwhile, Ethereum (ETH), the world's second-largest cryptocurrency by market capitalisation, slipped below the $2,500 mark after briefly scaling above it. It was trading lower by 2.36 per cent at $2,496.88. It has traded in the range of $2,441.73 - $2,557.42 in the last 24 hours. Ethereum is nearly 48 per cent lower from its all-time high of $4,891.70, reached on November 16, 2021. Among other popular altcoins, Cardano (ADA) was trading lower by 0.28 per cent, Solana (SOL) up 1.01 per cent, Ripple (XRP) 0.81 per cent, and Binance Coin (BNB) 1.55 per cent. Bitcoin (BTC), Moo Deng ( Pi (PI), Peanut the Squirrel (PNUT), and Goatseus Maximus (GOAT) were among the top most trending cryptocurrencies on CoinMarketCap.
Time of India
12-05-2025
- Business
- Time of India
Crypto prices today: Bitcoin tops $105K on US-China trade optimism; Altcoins mixed
Bitcoin surged above $105,000 on Monday, driven by growing optimism around U.S.-China trade talks and increasing interest in the broader cryptocurrency market. As of midday trading (IST), the world's leading cryptocurrency was hovering around $103,914 after touching an intraday high of $105,039. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like No one would believe how you can use plastic bottles at home! Story to Hear Undo Global financial markets also reacted positively to reports that the U.S. may reduce tariffs on Chinese imports. Although no deal has been finalised, hopes of a rollback to earlier levels are raising expectations that a global recession might be avoided. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Crypto Tracker TOP COIN SETS DeFi Tracker 36.29% Buy AI Tracker 35.00% Buy NFT & Metaverse Tracker 31.57% Buy Web3 Tracker 26.97% Buy Crypto Blue Chip - 5 18.08% Buy TOP COINS (₹) Ethereum 218,674 ( 2.78% ) Buy XRP 206 ( 1.96% ) Buy Bitcoin 8,949,228 ( 1.03% ) Buy BNB 56,336 ( 0.47% ) Buy Tether 85 ( -0.69% ) Buy 'The market is still bullish, especially with a possible U.S.-China trade deal on the way,' said Vikram Subburaj, CEO of Giottus Crypto Platform. 'If Bitcoin stays above $105,000, it could hit new highs soon.' 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 » Bitcoin's market capitalisation rose to $2.067 trillion, with daily trading volume increasing 4% to $46.32 billion. The overall cryptocurrency market cap now stands at $3.46 trillion, though it slipped slightly by 2% in the past 24 hours. Live Events Technical analysts say Bitcoin is gaining strong upward momentum. Piyush Walke, Analyst at Delta Exchange, pointed out that Bitcoin recently broke out of a bullish chart pattern. 'If the breakout holds, Bitcoin could rise to $115,600,' he said, while noting that resistance could emerge near the $107,000 level. Also Read: Crypto market regains bullish momentum amid economic shifts and institutional inflows Sathvik Vishwanath, CEO of Unocoin, added a note of caution. 'Technical indicators show overbought conditions, which could lead to a short-term pullback. Key support lies at $100,000, and resistance is at $106,265.' Meanwhile, altcoins showed mixed results. Ethereum fell slightly but stayed strong above $2,500. Dogecoin, Cardano, Sui, Chainlink, and Shiba Inu gained up to 3%. Pi coin jumped over 40%, becoming the top performer of the day. Also Read: 5 timeless Warren Buffett quotes every investor should know Market sentiment remains optimistic. According to CoinDCX, the Crypto Fear & Greed Index climbed to 73, indicating increased investor confidence. More than 110,000 Bitcoin were withdrawn from exchanges in the past month — a bullish signal, often interpreted as investors preparing to hold rather than sell.
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Business Standard
06-05-2025
- Business
- Business Standard
Bitcoin consolidates at $94K; analysts eye breakout amid US Fed uncertainty
Flagship cryptocurrency Bitcoin continues to trade within a narrow consolidation range, showing minimal price movement. Although it briefly climbed past $97,000, it has since slipped below $95,000 and was last seen trading around $94,338.87, lower by 0.42 per cent as of 11:31 AM on Tuesday, May 6. According to CoinMarketCap, Bitcoin has fluctuated between $93,631.90 and $95,193.19 over the past 24 hours. The world's most valuable cryptocurrency, with a market capitalisation of $1.87 trillion, recorded a 24-hour trading volume of $22.31 billion. Implied volatility remains subdued ahead of the US Federal Reserve's interest rate decision scheduled for Wednesday night. Analysts note that Bitcoin's stagnant price behaviour reflects market caution in anticipation of the Fed's move. Over the past two weeks, Bitcoin has lacked momentum in either direction. Despite the sideways action, Bitcoin dominance has steadily increased to 63.46 per cent, indicating a lower risk appetite among investors. This trend, according to Piyush Walke, Derivatives Research Analyst at Delta Exchange, suggests a 'flight to safety' as altcoins continue to underperform relative to Bitcoin. 'A breakout above $1,938 could signal a reversal, while a drop below $1,800 might lead to further declines,' said Walke, adding that the Relative Strength Index (RSI) is nearing oversold territory, which could indicate a short-term bounce. ALSO READ | Edul Patel, co-founder and CEO of Mudrex, believes the crypto market is waiting for a clear catalyst to define its next move. He points to encouraging data from Glassnode, which shows that 88 per cent of Bitcoin supply is currently in profit. Losses are limited mostly to recent buyers in the $95,000–$100,000 range, suggesting reduced sell pressure and a potentially bullish setup. "Bitcoin now faces resistance above $96,000, with firm support at $93,000," said Patel. Ethereum (ETH), the second-largest cryptocurrency by market capitalisation, is showing signs of renewed momentum. On-chain data shows a 79 per cent surge in new addresses and an 11 per cent rise in active addresses, indicating increasing user engagement. Continued weekly inflows into Ethereum ETFs, analysts said, also suggest sustained institutional interest. That said, ETH was last quoted at $1,803.61, lower by 0.54 per cent, with a trading volume of $10.93 billion. Among other popular cryptocurrencies, Binance Coin (BNB) defied market trends and was trading higher by 1.24 per cent. Meanwhile, Ripple (XRP) was down 2 per cent, and Solana (SOL) declined by 1.24 per cent. The US dollar-linked stablecoin Tether (USDT) traded at $0.9998, down 0.02 per cent.
Economic Times
05-05-2025
- Business
- Economic Times
Crypto prices today: Bitcoin falls below $94k ahead of Fed decision
Tired of too many ads? Remove Ads Crypto TrackerPowered By TOP COINS TOP COIN SETS Tether 84.28 ( -0.3 %) Buy Ethereum 153,847 ( -1.04 %) Buy BNB 49,901 ( -1.07 %) Buy Bitcoin 7,979,473 ( -1.52 %) Buy XRP 183.35 ( -1.73 %) Buy Popular in Markets The crypto market traded lower on Monday as investors awaited the US Federal Reserve 's interest rate decision later this week. Bitcoin slipped 1.4% to $94,587 as of 12:01 PM IST, after touching an intraday high of $96,089. Ethereum fell 1.5% to $1,815, while the global crypto market cap dipped 1.05% to $2.95 trillion. Altcoins also faced selling pressure, with Shiba Inu, Dogecoin, and Cardano all down over 1%. XRP fell 1.4%, BNB 1%, Toncoin 1.7%, and Hedera 1.4%.Bitcoin's market cap dropped to $1.879 trillion, with its dominance easing to 63.69%. Meanwhile, daily crypto trading volume rose 31.6% to $21.52 billion, largely led by stablecoins, which accounted for over 91% of activity.'Bitcoin is again in the consolidation zone between $91,500 and $96,000,' said Piyush Walke, Derivatives Research Analyst at Delta Exchange. He noted that the current price action is forming a Flag and Pole pattern—a bullish signal that could push BTC toward $100,000 if confirmed with high Thakral, CEO of BuyUcoin, said the market is 'bracing for the Fed's decision,' with investors leaning toward a pause in rate changes amidst macro uncertainty. 'Gold is gaining traction, but BTC has held firm above the $94,000 mark,' he to Vikram Subburaj, CEO of Giottus, liquidity near $91,000 may be tested in the near term. 'An interest rate cut would boost sentiment, though analysts don't see that as a likely outcome,' he to the cautious optimism, Mudrex Co-founder and CTO Alankar Saxena pointed out that Bitcoin recently recorded over 925,000 active addresses in a single day—the highest in six months—indicating strong underlying network activity. 'A dovish Fed stance could ignite a rally toward the $100,000 mark,' Saxena said, with the next key resistance seen around $97, the Federal Open Market Committee (FOMC) decision looming, crypto investors are likely to remain on edge, weighing macroeconomic cues against technical market signals.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
