Latest news with #SathvikVishwanath
Economic Times
26-05-2025
- Business
- Economic Times
Crypto prices today: Bitcoin trades near $110,000 as geopolitical tensions ease; Altcoins jump up to 5%
As of 12:51 PM IST, Bitcoin rose 2.1% to $1,09,993, while Ethereum gained 3.6% to $2,588. The global cryptocurrency market cap climbed 2% to $3.46 trillion. ADVERTISEMENT Bitcoin rebounded after the U.S. dialled back its 50% trade tariff threats on European imports, providing short-term relief to global markets. Analysts believe the crypto's next key resistance lies around $112,000. "Bitcoin has bounced after the US backtracked its 50% trade tariff on Europe... it must break through $112,000 to continue its strong rally," said Vikram Subburaj, CEO of Giottus. The rally follows a record high of $112,000 last week, driven by growing institutional demand and optimism around global crypto regulation. While recent volatility stemmed from macro events, overall sentiment remains bullish."Despite minor pullbacks, Bitcoin continues to benefit from reduced supply post-halving and increasing on-chain activity," said Sathvik Vishwanath, Co-Founder & CEO of Unocoin. "Long-term holders may view dips as opportunities." Also Read: Why AI tokens are emerging as high-conviction investment theme in 2025 ADVERTISEMENT Corporate interest also added to the momentum. Asia-based consumer food giant DDC Enterprise acquired 21 BTC as part of a broader treasury strategy targeting 5,000 BTC. Meanwhile, Pakistan has announced a 2,000 megawatt energy allocation to support Bitcoin mining and AI data centres, according to CoinSwitch Markets Patel, CEO of Mudrex, noted, "The quick rebound highlights BTC's resilience, supported by an 80% drop in daily exchange inflows... Bitcoin's strong fundamentals and declining sell-side activity position it well for further upside." ADVERTISEMENT Altcoins also traded in the green. Solana rose 3.2%, Cardano gained 4.6%, Dogecoin advanced 3.6%, and Chainlink surged 4%. Avalanche led with a 5% rise, while XRP, Stellar, Shiba Inu, Sui, and Hedera posted modest gains. Also Read: JPMorgan Chase to offer clients access to Bitcoin, despite CEO Dimon's continued criticism ADVERTISEMENT Bitcoin's dominance in the crypto market rose to 63.2%, with its market cap touching $2.184 trillion. However, daily trading volume dipped 3.2% to $47.57 billion, according to CoinMarketCap. (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)
Time of India
26-05-2025
- Business
- Time of India
Crypto prices today: Bitcoin trades near $110,000 as geopolitical tensions ease; Altcoins jump up to 5%
As of 12:51 PM IST, Bitcoin rose 2.1% to $1,09,993, while Ethereum gained 3.6% to $2,588. The global cryptocurrency market cap climbed 2% to $3.46 trillion. Bitcoin rebounded after the U.S. dialled back its 50% trade tariff threats on European imports, providing short-term relief to global markets. Analysts believe the crypto's next key resistance lies around $112,000. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Clear, Compelling Writing in Seconds With This Desktop App Grammarly Install Now "Bitcoin has bounced after the US backtracked its 50% trade tariff on Europe... it must break through $112,000 to continue its strong rally," said Vikram Subburaj, CEO of Giottus. Crypto Tracker TOP COIN SETS DeFi Tracker 10.14% Buy BTC 50 :: ETH 50 3.05% Buy Smart Contract Tracker 3.03% Buy NFT & Metaverse Tracker 2.31% Buy Web3 Tracker -0.34% Buy TOP COINS (₹) Ethereum 219,489 ( 3.57% ) Buy Bitcoin 9,356,758 ( 2.23% ) Buy BNB 57,405 ( 2.04% ) Buy XRP 200 ( 2.03% ) Buy Tether 85 ( 0.0% ) Buy The rally follows a record high of $112,000 last week, driven by growing institutional demand and optimism around global crypto regulation. While recent volatility stemmed from macro events, overall sentiment remains bullish. 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 » "Despite minor pullbacks, Bitcoin continues to benefit from reduced supply post-halving and increasing on-chain activity," said Sathvik Vishwanath, Co-Founder & CEO of Unocoin. "Long-term holders may view dips as opportunities." Live Events Also Read: Why AI tokens are emerging as high-conviction investment theme in 2025 Corporate interest also added to the momentum. Asia-based consumer food giant DDC Enterprise acquired 21 BTC as part of a broader treasury strategy targeting 5,000 BTC. Meanwhile, Pakistan has announced a 2,000 megawatt energy allocation to support Bitcoin mining and AI data centres, according to CoinSwitch Markets Desk. Edul Patel, CEO of Mudrex, noted, "The quick rebound highlights BTC's resilience, supported by an 80% drop in daily exchange inflows... Bitcoin's strong fundamentals and declining sell-side activity position it well for further upside." Altcoins also traded in the green. Solana rose 3.2%, Cardano gained 4.6%, Dogecoin advanced 3.6%, and Chainlink surged 4%. Avalanche led with a 5% rise, while XRP, Stellar, Shiba Inu, Sui, and Hedera posted modest gains. Also Read: JPMorgan Chase to offer clients access to Bitcoin, despite CEO Dimon's continued criticism Bitcoin's dominance in the crypto market rose to 63.2%, with its market cap touching $2.184 trillion. However, daily trading volume dipped 3.2% to $47.57 billion, according to CoinMarketCap.
Time of India
21-05-2025
- Business
- Time of India
Bitcoin at all-time high: What's powering the surge and how much is it trading for?
Bitcoin climbed sharply on Wednesday, May 21, inching close to its all-time high. By 11:07 AM IST, the cryptocurrency was trading at $107,647 — just 1.42% below its peak of $109,114.88, set earlier this January. According to CoinMarketCap, it had a 24-hour trading volume of $50.84 billion and a market capitalisation of $2.13 trillion. This surge marks Bitcoin's highest level since January and signals a potential breakout, according to market watchers. '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,' said Sathvik Vishwanath, Co-Founder and CEO of Unocoin . The bellwether cryptocurrency moved within a 24-hour range of $104,206.52 to $107,664.50. As of 10:46 AM, Bitcoin was up 1.32% on the day. 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 default , selected 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. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Cara Membantu Orang Terkasih Menghadapi Limfoma Limfoma Pelajari Undo Institutional inflows and futures activity bolster rally The ongoing rally is being fuelled by institutional interest and leveraged positions. BTC futures open interest rose by 10.65% to $74.35 billion over the past week. Binance alone accounted for $12.28 billion of that, according to data from CoinSwitch. US spot Bitcoin ETFs recorded net inflows of $41.7 million on Tuesday, marking their fifth consecutive day of gains. The CoinDCX research team noted, 'Despite a small drop in the volume, the markets have surged, which indicates a drop in the bearish interference.' Live Events Adding further context, Himanshu Maradiya, Founder and Chairman of CIFDAQ, observed, 'The crypto market remains in a consolidation phase, with Bitcoin repeatedly testing the $106,000 level but facing resistance, while Ethereum struggles to sustain above $2,700.' Ethereum holds firm above $2,500 Ethereum continued its upward trend, trading at $2,577.99 — up 0.38% in the past 24 hours — with a market capitalisation of $312.01 billion. The second-largest crypto asset by market cap has gained nearly 60% over the past month, outperforming Bitcoin. According to Riya Sehgal, Research Analyst at Delta Exchange, '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.' Ethereum moved between $2,446.45 and $2,576.29 in the last 24 hours and saw a trading volume of $21.94 billion. Altcoins also register gains Most altcoins followed suit, with positive moves seen across the board. BNB gained 1.63%, Cardano (ADA) rose 2%, and Solana was up 0.56%. Dogecoin added 2.4%, while Avalanche, Stellar, and Shiba Inu all rose by around 1%. XRP, however, was slightly down by 0.11%. XRP's decline aside, overall sentiment across altcoins reflected cautious optimism. The broader market's total capitalisation rose to $3.4 trillion, with Bitcoin maintaining a 62.9% dominance. What's next for Bitcoin? Looking ahead, analysts say volatility is likely to stay high. For Bitcoin, maintaining levels above $105,000 is crucial for continued bullish momentum. Ethereum must hold above $2,200 to avoid deeper pullbacks. In addition to market movements, broader developments could further impact sentiment. The CoinDCX team pointed out that 'Big moves could be on the horizon, as some rumours suggest Coinbase could acquire USDC issuer Circle, despite IPO plans. Besides, Texas has just passed the Texas Strategic Bitcoin Reserve and Investment Act, allowing the state to invest in Bitcoin, which now awaits the governor's approval.'
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
Time of India
15-05-2025
- Business
- Time of India
Bitcoin holds above $102,000 as traders await fresh cues amid cooling inflation
Bitcoin traded slightly lower on Thursday but remained firmly above the $102,000 mark after rallying earlier in the week on hopes of a U.S. Federal Reserve rate cut following softer inflation data. As of 12:27 PM IST, Bitcoin was down 1.5% at $102,263, while Ethereum declined 3.8% to $2,569. The broader crypto market also saw a pullback, with global capitalisation falling 2.4% to $3.29 trillion. Altcoins such as XRP, Solana, Dogecoin, Cardano, and Shiba Inu dropped between 3% and 7%. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Elegant New Scooters For Seniors In 2024: The Prices May Surprise You Mobility Scooter | Search Ads Learn More Undo The recent rally was fuelled by optimism around a cooling U.S. CPI print and a temporary truce in U.S.-China tariff tensions. However, momentum has cooled as investors await further macroeconomic cues, particularly from upcoming U.S. retail sales data. Crypto Tracker TOP COIN SETS Smart Contract Tracker 8.72% Buy BTC 50 :: ETH 50 7.23% Buy DeFi Tracker 4.76% Buy NFT & Metaverse Tracker 4.09% Buy Web3 Tracker -1.04% Buy TOP COINS (₹) Tether 86 ( 0.22% ) Buy Bitcoin 8,719,711 ( -1.36% ) Buy BNB 55,175 ( -1.98% ) Buy XRP 211 ( -3.82% ) Buy Ethereum 217,703 ( -3.9% ) Buy 'Bitcoin is trading range-bound between $102,500 and $104,000 as investors wait for a fresh catalyst,' said Alankar Saxena, Co-founder and CTO of Mudrex. 'While institutional investors continue to buy, retail interest has been rising, with Google search trends for 'Bitcoin' reaching a 6-month high.' 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 saw strong inflows last week, with $1.2 billion withdrawn from centralised exchanges, indicating rising investor confidence. ETH's rally pushed 60% of holding addresses into profit, and analysts believe the $3,000–$3,100 range could be the next resistance zone if bullish sentiment holds. Live Events 'After a sharp move from $1,700 to $2,700 in a week, Ethereum is now consolidating below the $2,800 mark,' noted CoinSwitch Markets Desk. 'The broader market appears to be stabilising after profit-taking, but macro conditions and upcoming legislation could shape the next phase.' Traders also remained focused on market indicators. 'Bitcoin is showing resilience near $104K, with bulls defending key support at $102K,' said Sathvik Vishwanath, Co-Founder & CEO of Unocoin. 'MACD shows a bullish crossover, while RSI at 63 reflects strength without being overbought. As long as BTC holds above $100K, short-term dips may remain buying opportunities.' Meanwhile, market sentiment received a boost from positive institutional developments. Coinbase 's inclusion in the S&P 500, with a 24% rally, and VanEck's launch of a tokenised U.S. Treasury fund on Ethereum and Solana signalled growing mainstream interest. 'Bitcoin's resilience around the $103K level, despite softer-than-expected US CPI data, reflects a maturing market that's pricing in macro developments with more caution,' said Avinash Shekhar, Co-Founder & CEO of Pi42. 'Altcoins like RAY and ENA are gaining traction as capital rotates within the crypto ecosystem, suggesting strong investor confidence.' Also read: Gold Price Today: Yellow metal tumbles Rs 7,900/10 gms from peak. Right time to buy? At the same time, political developments are also on the radar. A White House official confirmed that crypto legislation is expected to be signed by President Donald Trump before the August recess. However, recent controversy surrounding Trump-linked crypto ventures and Arizona's veto of Bitcoin reserve bills added a note of caution to the otherwise bullish narrative.
