Latest news with #RiyaSehgal
Mint
a day ago
- Business
- Mint
Bitcoin price today: Token slips below $105k before slight recovery, experts say bulls passive amid wider uncertainty
Bitcoin price today: The world's largest cryptocurrency, Bitcoin's price, slipped below the psychological $1,05,000 level today on May 30, before recovering slightly, data on CoinMarketCap showed. At time of writing, the token was at $105,795.12, down 1.90 per cent compared to the previous day, and below the recent all-time highs of $1,10,000 seen last week. Further, market capitalisation of Bitcoin is also down 1.92 per cent to $2.1 trillion, while trade volume have increased 16.28 per cent in sell-off to $58.84 billion worth, according to data on CoinMarketCap. At $2,621.35, down 3.94 per cent from the previous day, Ethereum shed 3.90 per cent market cap to $316.46 billion. It has however remained above the $2,600 psychological level. CoinDCX Reserach noted that the top gainers include DeXe with over a 14 per cent rise, followed by SPX6900 with over a 3 per cent increase. And top losers are Uniswap, which plunged 14 per cent; Optimism, by 13.33 per cent; Arbitrum & Pudgy Penguins, by 13 per cent each; and Pepe & Pyth Network, by over 11 per cent each. According to the CoinDCX research team, crypto markets continue to plunge as bulls remain passive. The crypto market drag has also negatively impacted other tokens such as XRP, Solana, Cardano, and Shiba Inu, etc. 'With the latest price plunge, more than $345 million has been liquidated from the markets in the past few hours,' it observed. Further, Riya Sehgal, Research Analyst at Delta Exchange noted, 'the crypto market is experiencing increased volatility, with a 2.43 per cent drop in market cap to $3.35 trillion and a rise in 24-hour volume to $184.7 billion amid $725 million in liquidations.' 'Macroeconomic uncertainty persists, driven by stalled US-China trade talks and a US court blocking tariffs. Bitcoin recently hit a 9-day low near $104,725, trading below its 50 and 200 SMAs, signaling short-term bearish pressure unless it breaks above key resistance levels. Ethereum and altcoins like Cardano and Dogecoin also saw declines,' she added. Edul Patel, co-founder and CEO of Mudrex feels that Bitcoin 'is consolidating amid geopolitical uncertainty, as stalled US–China trade talks bring back trade war concerns'. '… macroeconomic pressures such as higher-than-expected US jobless claims and a 0.2 percent GDP contraction in Q1 2025 have added to short-term market caution,' he added. Sehgal however noted that strong institutional demand persists, highlighted by a record $6.22 billion inflow into the iShares Bitcoin Trust ETF in May. And Patel concurred, 'Institutional confidence remains strong, with $432 million flowing into spot Bitcoin ETFs, helping in price recovery. Currently, BTC need to reclaim the $108,000 levels for sustained momentum. On the flipside, if we do not get follow-through buying, Bitcoin could test the $103,700 levels.' Key Takeaways Bitcoin's recent dip highlights the ongoing volatility in the cryptocurrency market. Institutional investments are continuing to flow into Bitcoin, indicating underlying confidence despite short-term price declines. Macroeconomic factors are significantly impacting crypto prices, with geopolitical tensions and economic indicators contributing to market uncertainty.
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Business Standard
4 days ago
- Business
- Business Standard
Bitcoin consolidates near $108,800 levels as traders await breakout signals
Bitcoin price today, Tuesday, May 27, 2025: The crypto markets have been exhibiting a blend of optimism and caution. The flagship currency, Bitcoin (BTC), briefly reclaimed the $110,000 mark before seeing some profit-taking at higher levels; however, it has failed to hold and slipped below the $109,000 level. Market analysts suggest that the current consolidation of Bitcoin is short-term as investors are awaiting decisive breakout or breakdown signals. Bitcoin was quoted trading at around $109,108.40, down 0.50 per cent at 11:42 AM on Tuesday, May 27, with a 24-hour trading volume of $49.26 billion. Bitcoin's market capitalisation stood at $2.16 trillion, the highest among all cryptocurrencies. The world's most popular cryptocurrency has traded in the range of $109,108.40 - $110,376.88 in the last 24 hours, according to data from CoinMarketCap. Bitcoin's price, Riya Sehgal, research analyst, Delta Exchange, said, is holding near $108,800 after reaching highs above $111,900, exhibiting a clear uptrend with higher highs and higher lows on the daily chart. Short-term consolidation around the $110,000 resistance and $104,000–$105,000 support, Sehgal believes, suggests market participants are awaiting decisive breakout or breakdown signals. "A sustained move above $111,900 could fuel further upside momentum. Institutional demand remains strong, with $2.75 billion inflows into Bitcoin ETFs last week, led by BlackRock's iShares Bitcoin Trust. Ethereum ETF inflows also continue, reflecting growing confidence and adoption," said Sehgal. Analysts believe that the market sentiment has improved as Donald Trump delayed the proposed 50 per cent tariffs on EU imports. Moreover, whales and market makers remain confident as Bitcoin options trade at negative 6 per cent, which, Alankar Saxena, Co-founder and CTO of Mudrex, said, is a typical characteristic of bullish markets. Meanwhile, the M2 money supply, which reflects the total liquidity, recently hit a new all-time high. Historically, BTC has closely mirrored this trend with a slight delay, indicating further upside going forward. Ethereum and other altcoins Meanwhile, Ethereum (ETH), the world's second-largest cryptocurrency by market capitalisation, traded between $2,450 and $2,750, with resistance at $2,600 and support near $2,500, yet no clear breakout has emerged. At last check, Ethereum was trading at around $2,605.64, up 1.32 per cent, with a trading volume of $13.56 billion. Ethereum has traded in the range of $2,512.59 - $2,598.57 in the last 24 hours. Among other popular cryptocurrencies, Binance Coin (BNB) was trading higher by 0.58 per cent, while Solana (SOL) was trading lower by 1.96 per cent, and Ripple (XRP) by 1.68 per cent. Meanwhile, the US dollar-linked stablecoin Tether was trading at $1, down 0.01 per cent. Top trending cryptocurrencies today Overall, the analysts believe that the market is in a holding pattern, balancing consolidation with steady institutional interest.
Business Standard
21-05-2025
- Business
- Business Standard
Bitcoin breaks past $107k resistance: Is a new all-time high on horizon?
Crypto markets were buzzing in trade on Wednesday, May 21, 2025, with flagship currency Bitcoin (BTC) holding above the $107,500 levels. Market analysts believe this breakout above $107,500 levels could potentially open the door toward $110,000 and new all-time highs. The bellwether currency was quoted trading at around $107,575.86, up by 1.32 per cent at 10:46 AM on Wednesday, May 21. The world's most popular cryptocurrency had a 24-hour trading volume of $50.84 billion. Bitcoin's market capitalisation stood at $2.13 trillion, the highest among all cryptocurrencies. The last 24-hour trading range for Bitcoin was between $104,206.52 and $107,664.50, according to data from CoinMarketCap. Bitcoin eyes $110,000 Riya Sehgal, research analyst at Delta Exchange, believes that Bitcoin has built a strong base above the $106,000 mark, indicating solid buyer interest at lower levels. This breakout above $107,500, Sehgal believes, could potentially open the door toward $110,000 and new all-time highs. For Bitcoin, Vikram Subburaj, CEO of Giottus Crypto Platform, believes that liquidity grabs can dictate its short-term price action—a short squeeze at $109,000 followed by a long liquidity grab at $101,000. "Spot ETF inflows have dipped yesterday in a sign that a correction is in order. However, any move down is likely to be a final correction before the asset breaks through its January high," said Subburaj. Notably, Bitcoin is currently 1.42 per cent lower from its all-time high of $109,114.88, scaled on January 20 of this year. Ethereum holds above $2,500 Ethereum, on the other hand, has been showing stronger relative strength, gaining nearly 60 per cent over the last month and outperforming Bitcoin. It is trading around the $2,500 mark, a key psychological resistance. Last seen, it was quoted trading at $2,577.99, up 0.38 per cent, with a trading volume of $21.94 billion. It has fluctuated in the range of $2,446.45 - $2,576.29 in the last 24 hours. Ethereum's market cap stood at $312.01 billion, making it the second-largest cryptocurrency by market capitalisation. "For Ethereum, while structural indicators like the Golden Cross and ascending trendlines suggest a bullish setup, on-chain data points to short-term overheating. Elevated trading volumes and profit-taking around $2,500 could trigger a minor pullback or consolidation," said Sehgal. Among other popular altcoins, Cardano (ADA) was trading higher by 2 per cent, followed by Binance Coin (BNB) at 1.63 per cent, and Solana (SOL) traded higher by 0.56 per cent. Meanwhile, Ripple (XRP) was trading lower by 3.5 per cent, down 0.11 per cent. In the near term, analysts expect volatility to remain elevated, with ETH needing to hold above $2,200 and BTC above $105,000 to sustain bullish momentum. Broader market sentiment remains cautiously optimistic as we await further confirmation of trend continuation.
Time of India
21-05-2025
- Business
- Time of India
Bitcoin surges past $107,500, just 2% shy of all-time high; Ethereum holds strong at $2,550
Bitcoin climbed past the $107,500 mark on Wednesday, coming within 2% of its all-time high, as bullish sentiment and institutional inflows fueled the rally. As of 11:07 AM IST, Bitcoin was trading at $107,647, up 1.3%, while Ethereum gained 0.9% to $2,589. The global crypto market cap rose 1% to $3.4 trillion. According to CoinSwitch, Bitcoin's recent surge marks its highest level since January, driven by a 10.65% jump in BTC futures open interest to $74.35 billion, with Binance contributing $12.28 billion. U.S. spot Bitcoin ETFs also recorded net inflows of $41.7 million on Tuesday, extending their positive streak to five consecutive days. Crypto Tracker TOP COIN SETS BTC 50 :: ETH 50 1.86% Buy DeFi Tracker 0.42% Buy Smart Contract Tracker -1.07% Buy Web3 Tracker -4.20% Buy NFT & Metaverse Tracker -8.87% Buy TOP COINS (₹) BNB 56,574 ( 1.53% ) Buy Bitcoin 9,200,514 ( 1.38% ) Buy Ethereum 221,708 ( 1.17% ) Buy Tether 86 ( 0.11% ) Buy XRP 204 ( 0.07% ) Buy Sathvik Vishwanath, Co-Founder and CEO of Unocoin, said, 'Bitcoin is consolidating near $107,000, with strong support at $98,000 and key resistance at $109,500. If this level is breached, the next target could be $112,000.' He added that on-chain data shows steady accumulation by large holders, while positive funding rates reflect a cautious long bias. 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 » Ethereum, meanwhile, has been outperforming Bitcoin over the past month, rising nearly 60%. Riya Sehgal, Research Analyst at Delta Exchange, said ETH is currently testing the key psychological resistance at $2,500. 'While structural indicators remain bullish, elevated trading volumes and recent profit-taking may lead to short-term consolidation,' she said. Also Read: JPMorgan Chase to offer clients access to Bitcoin, despite CEO Dimon's continued criticism Among altcoins, BNB rose 1.4%, Solana 0.8%, Dogecoin 2.4%, Cardano 2%, while Avalanche, Stellar, and Shiba Inu gained 1% each. Bitcoin's market cap rose to $2.123 trillion, holding a 62.9% share of the total crypto market. However, daily trading volumes dipped 10% to $51.19 billion, suggesting some cooling in activity despite the price surge. Also Read: Why AI tokens are emerging as high-conviction investment theme in 2025
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Business Standard
20-05-2025
- Business
- Business Standard
Bitcoin eyes $110,000 as institutional interest fuels bullish momentum
The bellwether cryptocurrency, Bitcoin (BTC), is on track to reach a new all-time high, driven by healthier market dynamics rather than speculative excess, said analysts. However, Bitcoin faces strong resistance around the $107,000 mark before it can surpass its previous all-time high of $109,114.88. As of 11:04 AM on Tuesday, May 20, Bitcoin was trading at $106,273.30, higher by 3.18 per cent on CoinMarketCap. Over the past 24 hours, Bitcoin fluctuated between $102,112.69 and $106,814.18, with a trading volume of $57.81 billion. Bitcoin's market capitalisation stood at $2.11 trillion, maintaining its lead as the most valuable cryptocurrency. Bitcoin eyes fresh high Bitcoin's recent resurgence past the $106,000 mark, Riya Sehgal, research analyst, Delta Exchange, said, highlights a robust upward momentum reinforced by solid technical fundamentals. "The break above key support levels and targeting of the resistance zone near $107,500, suggest a strong potential for a new all-time high, driven by healthier market dynamics rather than speculative excess. Institutional interest remains a key catalyst, as evidenced by JPMorgan's recent announcement to offer Bitcoin access via spot ETFs, a significant endorsement from a major traditional finance player following Morgan Stanley's similar moves," said Sehgal. Bitcoin ETFs have now seen five consecutive weeks of inflows totaling over $600 million, led by BlackRock's IBIT, despite some outflows from some funds. Meanwhile, Vikram Subburaj, CEO, Giottus Crypto Platform, believes that Bitcoin is showing early signs of a breakout from its channel with a move towards $106,800. "Bitcoin faces strong resistance at $107,000 and must remain above $105,000 to break through this level. Spot ETF inflows continue to boost the asset with $360 million recorded yesterday. If this move sustains, a new high ($110,000) is likely this month where open interest among derivatives is concentrated," said Subburaj. Altcoins see solid gains Meanwhile, Ethereum (ETH), the second-largest cryptocurrency by market cap, is also exhibiting bullish momentum, rebounding from $2,300 support and surpassing $2,500 resistance. Last seen, Ethereum was trading 8 per cent higher at $2,566.46, with a trading volume of $26.7 billion. Ethereum has fluctuated in the range of $2,354.05–$2,585.62 in the last 24 hours. Analysts believe that sentiment for Ethereum remains bullish, and it may now be eyeing the $2,650 to $2,840 range. Among other altcoins, Solana (SOL) was trading higher by 3.89 per cent, followed by Cardano (ADA) at 3.15 per cent. Binance Coin (BNB) was trading higher by 2.18 per cent, and Ripple (XRP) traded higher by 1.8 per cent. Meanwhile, US Dollar-linked stablecoin Tether (USDT) traded at $1, up 0.03 per cent. Overall, current developments in the crypto markets, analysts said, signal a maturing crypto market with increased institutional participation and technical strength, setting the stage for continued upward trends in both Bitcoin and Ethereum.
