Latest news with #SathvikVishwanath
Economic Times
16-07-2025
- Business
- Economic Times
Bitcoin holds near $118,000 after recent rally; Ethereum, Dogecoin surge up to 6%
Bitcoin held steady near the $118,000 mark on Wednesday, as traders took stock of a recent rally and shifting institutional dynamics. As of 11:18 am IST, the world's largest cryptocurrency was trading 0.7% higher at $117,985. Ethereum surged over 6% to $3,144, leading gains among top altcoins. ADVERTISEMENT Market watchers say the recent pause comes after Bitcoin's sharp ~33% rally over the past month, which triggered a wave of profit booking. 'BTC pulled back around 5%, trading near $118,000, while long liquidations exceeded $333 million,' said CoinSwitch Markets Desk in a morning note. Ethereum saw $113 million in forced exits but remained resilient amid growing optimism. 'Ethereum continues to attract bullish sentiment, with EMJ Capital reiterating its view that ETH could reach $10,000 in this cycle, supported by staking ETF approvals, a deflationary supply model, and rising institutional interest,' CoinSwitch added. Srinivas L, CEO of 9Point Capital, believes Bitcoin's uptrend remains intact despite recent pullbacks. 'These are healthy pauses. Strong institutional demand and regulatory clarity are reinforcing the long-term bullish case. We expect BTC to consolidate above $117,000 before attempting $125K–$127K,' he said, advising investors to adopt a disciplined 'buy-the-dip' Research echoed the cautiously optimistic view. 'While bears are still active, the market sentiment remains bullish. Most altcoins are holding recent gains, and momentum could resume soon,' the team noted. Sathvik Vishwanath, Co-Founder and CEO of Unocoin, pointed to strong ETF inflows exceeding $14.8 billion this year as a major tailwind. 'With the breakout above the $110K–$123K range, we expect Bitcoin to head toward $130K–$135K. Post-halving supply shocks, possible Fed rate cuts, and regulatory progress are key catalysts. Forecasts for 2025 suggest targets as high as $150K–$200K, with long-term projections near $500K,' he said. ADVERTISEMENT Other major altcoins traded higher, with XRP and Solana rising 2%, Dogecoin gaining 4%, and Cardano adding 3%. Stellar, Sui, and Chainlink also rose between 2–4%. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) ADVERTISEMENT
Time of India
16-07-2025
- Business
- Time of India
Bitcoin holds near $118,000 after recent rally; Ethereum, Dogecoin surge up to 6%
Synopsis Bitcoin stabilized near $118,000, following a recent surge, while Ethereum led altcoin gains, exceeding $3,144. Analysts attribute the pause to profit-taking after Bitcoin's 33% rally. Experts like Srinivas L suggest 'buy-the-dip' strategies, anticipating consolidation above $117,000 and a potential rise to $125,000–$127,000. Sathvik Vishwanath highlights strong ETF inflows and expects Bitcoin to target $130,000–$135,000, with optimistic long-term forecasts.
Time of India
26-06-2025
- Business
- Time of India
Crypto Price Today: Bitcoin crosses $108,000 as bulls regain control; Altcoins trade mixed
Bitcoin extended its upward momentum on Thursday, briefly climbing past the $108,000 mark amid easing geopolitical tensions and signs of renewed institutional interest. As of 11:50 am IST, the world's largest cryptocurrency was trading at $107,800, up 1.5%, after hitting an intraday high of $108,305. Ethereum, the second-largest digital asset, also posted gains, rising 1.8% to $2,481. The overall crypto market capitalisation advanced by 1% to touch $3.3 trillion, according to CoinMarketCap data. Crypto Tracker TOP COIN SETS Crypto Blue Chip - 5 1.50% Buy NFT & Metaverse Tracker -0.80% Buy DeFi Tracker -1.97% Buy AI Tracker -2.17% Buy Web3 Tracker -3.93% Buy TOP COINS (₹) Ethereum 213,130 ( 1.61% ) Buy Bitcoin 9,249,460 ( 1.21% ) Buy BNB 55,474 ( 0.19% ) Buy XRP 188 ( 0.08% ) Buy Solana 12,429 ( -1.18% ) Buy Among major altcoins, XRP, BNB, Chainlink, and Litecoin registered marginal gains of up to 1%. However, Solana, Tron, Dogecoin, Cardano, Hyperliquid, Sui, Avalanche, and Toncoin slipped by as much as 2.5%, reflecting cautious sentiment among retail traders. 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 » 'The crypto market is finding its footing with a cautiously optimistic undertone,' said Avinash Shekhar, Co-Founder & CEO, Pi42. 'Bitcoin has climbed over 3% in the past seven days, showing firm support from market participants. A retest of the $110,000 level seems likely if current levels hold.' Sathvik Vishwanath, Co-Founder & CEO of Unocoin, highlighted that Bitcoin appears primed for a breakout, with open interest elevated and funding rates near neutral. 'Liquidation clusters between $106K and $110K suggest potential for stop-hunts. A decisive move above $108.5K could trigger momentum toward $112K–$115K,' he noted. Vikram Subburaj, CEO of Giottus, added that the upcoming $20 billion options expiry on Friday could inject further volatility. 'Order book data shows rising interest near $111,000. However, $104,000 remains the key level to watch on the downside,' he said. Recent data points to growing institutional interest in crypto assets. BlackRock ETFs reportedly added 3,210 BTC and 22,550 ETH, while Japanese firm Metaplanet purchased 1,234 BTC worth $132.7 million, overtaking Tesla's Bitcoin holdings. Meanwhile, GameStop raised another $450 million via zero-interest notes and plans to allocate some funds to Bitcoin as a reserve asset. However, the regulatory environment remains complex. Barclays Bank has announced a ban on credit card crypto purchases effective 27 June, raising concerns about access restrictions for retail investors. The CoinDCX research team observed that Bitcoin's strength is bolstering broader market sentiment, with some altcoins like Pi, Kaspa, and Bitcoin Cash registering notable gains. 'The overall market trend remains largely stable, setting the stage for the next bullish wave,' the team said. On the flip side, recent high-fliers such as Sei, Fartcoin, Stacks, and Curve DAO Token saw sharp pullbacks of 8–10%, pointing to profit booking in select segments. Ethereum continued to trade steadily above $2,470, with analysts noting growing optimism over a potential breakout toward the $2,800 level. 'ETF flows for Ether have been strong, though futures data shows some caution among traders,' Shekhar of Pi42 added. With no major macroeconomic triggers expected until fresh inflation data, analysts believe the crypto market will likely trade in a tight range in the near term, driven by technicals and liquidity dynamics. "Stay alert for volatility expansion,' Vishwanath advised. 'The market is coiled for a breakout.' ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Economic Times
26-06-2025
- Business
- Economic Times
Crypto Price Today: Bitcoin crosses $108,000 as bulls regain control; Altcoins trade mixed
Bitcoin extended its upward momentum on Thursday, briefly climbing past the $108,000 mark amid easing geopolitical tensions and signs of renewed institutional interest. ADVERTISEMENT As of 11:50 am IST, the world's largest cryptocurrency was trading at $107,800, up 1.5%, after hitting an intraday high of $108,305. Ethereum, the second-largest digital asset, also posted gains, rising 1.8% to $2,481. The overall crypto market capitalisation advanced by 1% to touch $3.3 trillion, according to CoinMarketCap data. Among major altcoins, XRP, BNB, Chainlink, and Litecoin registered marginal gains of up to 1%. However, Solana, Tron, Dogecoin, Cardano, Hyperliquid, Sui, Avalanche, and Toncoin slipped by as much as 2.5%, reflecting cautious sentiment among retail traders.'The crypto market is finding its footing with a cautiously optimistic undertone,' said Avinash Shekhar, Co-Founder & CEO, Pi42. 'Bitcoin has climbed over 3% in the past seven days, showing firm support from market participants. A retest of the $110,000 level seems likely if current levels hold.'Sathvik Vishwanath, Co-Founder & CEO of Unocoin, highlighted that Bitcoin appears primed for a breakout, with open interest elevated and funding rates near neutral. 'Liquidation clusters between $106K and $110K suggest potential for stop-hunts. A decisive move above $108.5K could trigger momentum toward $112K–$115K,' he noted. ADVERTISEMENT Vikram Subburaj, CEO of Giottus, added that the upcoming $20 billion options expiry on Friday could inject further volatility. 'Order book data shows rising interest near $111,000. However, $104,000 remains the key level to watch on the downside,' he said. Recent data points to growing institutional interest in crypto assets. BlackRock ETFs reportedly added 3,210 BTC and 22,550 ETH, while Japanese firm Metaplanet purchased 1,234 BTC worth $132.7 million, overtaking Tesla's Bitcoin holdings. Meanwhile, GameStop raised another $450 million via zero-interest notes and plans to allocate some funds to Bitcoin as a reserve asset. ADVERTISEMENT However, the regulatory environment remains complex. Barclays Bank has announced a ban on credit card crypto purchases effective 27 June, raising concerns about access restrictions for retail CoinDCX research team observed that Bitcoin's strength is bolstering broader market sentiment, with some altcoins like Pi, Kaspa, and Bitcoin Cash registering notable gains. 'The overall market trend remains largely stable, setting the stage for the next bullish wave,' the team said. ADVERTISEMENT On the flip side, recent high-fliers such as Sei, Fartcoin, Stacks, and Curve DAO Token saw sharp pullbacks of 8–10%, pointing to profit booking in select continued to trade steadily above $2,470, with analysts noting growing optimism over a potential breakout toward the $2,800 level. 'ETF flows for Ether have been strong, though futures data shows some caution among traders,' Shekhar of Pi42 added. ADVERTISEMENT With no major macroeconomic triggers expected until fresh inflation data, analysts believe the crypto market will likely trade in a tight range in the near term, driven by technicals and liquidity dynamics."Stay alert for volatility expansion,' Vishwanath advised. 'The market is coiled for a breakout.' (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
18-06-2025
- Business
- Time of India
Bitcoin holds above $105K amid Middle East tensions, Fed cues awaited
Bitcoin held firm above the $105,000 mark on Wednesday despite fresh geopolitical tensions and macroeconomic uncertainty that weighed on broader crypto sentiment. At 12:11 pm IST, Bitcoin was down 1.63% at $105,215, while Ethereum slipped 2% to $2,529. The global crypto market capitalisation fell by 1.7% to $3.27 trillion, according to CoinMarketCap. 'Bitcoin is trading near $105,000 as the crypto market reacts to the fresh escalations in the Middle East,' said Edul Patel, Co-founder and CEO of Mudrex. 'Retail investors remain cautious, but institutions are still buying—Bitcoin ETFs saw over $412 million in net inflows, indicating long-term conviction.' Sathvik Vishwanath, Co-Founder and CEO of Unocoin, added, 'Despite short-term pullbacks, the structure remains bullish with upside potential of $115K–$125K. On-chain signals and ETF inflows support the rally, but macro shifts could bring volatility.' The pressure was visible across major altcoins. XRP fell 3.5%, Solana 3.8%, Dogecoin 2%, Cardano 2.7%, Hyperliquid 5%, Sui 4.5%, Stellar 3%, and Chainlink 3.3%. Shivam Thakral, CEO of BuyUcoin, said, 'Bitcoin slipped to $105K after touching $107,645. The dip is driven by Middle East tensions , which are rattling global markets. Traders are avoiding fresh positions. Any clarity on Trump tariffs or Fed rate cuts may calm the nerves.' 'Bitcoin and Ethereum mirrored each other in recent declines, followed by partial recoveries,' noted Riya Sehgal, Research Analyst at Delta Exchange. She said Bitcoin's ability to hold higher lows above $105K signals strength, with key resistance at $106.5K. Ethereum, meanwhile, is stuck in a $2,450–$2,575 consolidation band. Sehgal also pointed to net inflows on June 17—$216.5 million for Bitcoin ETFs and $11.1 million for Ethereum—as a sign of sustained institutional interest. 'Global regulatory developments such as the Genius Act and Thailand's five-year crypto tax exemption are shaping a more mature market environment.' Meanwhile, Vikram Subburaj, CEO of Giottus, warned of growing profit-booking activity. 'Spot Bitcoin ETFs saw over $400 million in outflows—the first net redemptions in over a week. Mid-cycle holders booked $904 million in profits on Monday, accounting for 83% of total realized gains,' he said. Despite the selloff, he noted the Coinbase Premium Index remains positive, indicating robust US spot demand. According to Polymarket data, there's a 42% probability Bitcoin may revisit the $100,000 mark before June 30.
