Latest news with #ShivamThakral
Time of India
4 days ago
- Business
- Time of India
Crypto Prices Today: Bitcoin slips below $110,000 amid profit booking; Altcoins fall up to 5%
Bitcoin and other major cryptocurrencies were trading lower on Tuesday, reflecting cautious sentiment among traders despite continued institutional interest in the digital asset space. As of 12:49 PM IST, Bitcoin dropped 0.7% to $1,09,153, after briefly touching a high of $110,376. Ethereum also edged lower, down 0.11% to $2,583. The global cryptocurrency market capitalisation declined by 1% to $3.42 trillion, according to CoinMarketCap. 'Bitcoin briefly reclaimed the $110,000 mark before seeing some profit-taking at higher levels,' said Alankar Saxena, Co-founder and CTO of Mudrex. He added that despite the dip, market makers remain confident as Bitcoin options trade at a negative 6%—a pattern typically seen in bullish conditions. BTC faces resistance at $111,000 and support around $105,200, he noted. Crypto Tracker TOP COIN SETS DeFi Tracker 8.39% Buy Smart Contract Tracker 3.01% Buy BTC 50 :: ETH 50 2.95% Buy NFT & Metaverse Tracker 1.24% Buy Web3 Tracker -3.41% Buy TOP COINS (₹) Ethereum 222,755 ( 1.47% ) Buy BNB 58,108 ( 1.3% ) Buy Tether 85 ( 0.42% ) Buy Bitcoin 9,359,964 ( -0.03% ) Buy XRP 197 ( -1.53% ) Buy Shivam Thakral, CEO of BuyUcoin, echoed the sentiment, saying, 'The reason for the current dip might be profit booking by short-term traders who liquidated their positions to create fresh ones.' 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 the short-term weakness, analysts pointed to sustained institutional interest. Vikram Subburaj, CEO of Giottus, noted that while Bitcoin triggered $185 million in long liquidations on Binance in the past week, 'spot ETF inflows remain strong' and options data 'point to a market driven by demand and not leverage.' Live Events 'Recent moves like Strategy's $427 million Bitcoin purchase and JPMorgan opening access to Bitcoin ETFs signal growing institutional conviction,' he added. Delta Exchange Research Analyst Riya Sehgal also highlighted continued ETF inflows. 'Bitcoin's uptrend remains intact with higher highs and higher lows. The market is consolidating near the $110,000 level, awaiting a decisive breakout or breakdown. Meanwhile, Ethereum is range-bound between $2,450 and $2,750,' she said. Altcoins traded broadly in the red. Solana dropped 2.2%, Cardano 1.2%, Dogecoin 1.4%, Sui 5.2%, Avalanche 1.6%, XRP 2.6%, and Hyperliquid 4.4%. Bitcoin's dominance rose to 63.2%, with its market cap at $2.169 trillion. Daily trading volume, however, jumped 10.6% to $49.19 billion. Adding to the cautious sentiment, traders are monitoring macro developments such as the delayed U.S. tariffs on EU imports and potential crypto regulations. 'The U.S. Senate is expected to vote on the GENIUS Act, which could influence innovation in the sector,' said Thakral. FTX's second round of repayments could also inject liquidity into the market, potentially boosting trading activity.
News18
12-05-2025
- Business
- News18
Pi Coin Price Surges 50% Amid Positive US-China Trade Talks
Last Updated: Pi Coin Price: Over the past seven days, the price are up 113 per cent as per CoinMarketCap. Pi Coin Price: Pi Coin price zoomed 50 per cent to cross $1-mark amidst the positive trade talks between the United States and China. According to CoinMarketCap, the price of Pi Coin was up 33 per cent to $1.25 around 9:20 am IST, with a 280% jump in volume at $1.32 billion. Over the past seven days, the price are up 113 per cent as per CoinMarketCap. With the rise in investors' optimism and interest, the market cap of Pi Coin surged to $8.87 billion with a jump of 34 per cent. The positive developments surrounding the trade talks between the US and China have improved market sentiment, increasing buying interest in risk assets like cryptocurrencies, stated Shivam Thakral, CEO of BuyUcoin. 'If the trade deal leads to reduced tariffs and improved global trade, increased corporate profits and overall liquidity in the financial markets could spill over into the cryptocurrency market," he added. Meanwhile, Bitcoin also crossed the psychological $100,000 mark on the optimism of several bilateral trade deals forged by the United States including US-Uk trade deal. Bitcoin is trading above $104,000 as the markets remain optimistic about the US-China trade deal. With the RSI holding above 70, the asset is showing strong bullish momentum at current levels. Additionally, On-chain data reveals nearly 350,000 new BTC wallets created in a day, indicating rising retail interest and fresh liquidity, said Alankar Saxena, Co-founder and CTO of Mudrex. US-China Trade Talk US Treasury Secretary Scott Bessent on Sunday reported 'substantial progress" in US talks with China's top economic officials to de-escalate a damaging trade war, but offered no details of an agreement reached as two days of negotiations wrapped up in Geneva. Bessent told reporters that details would be announced on Monday and that US President Donald Trump was fully aware of the results of the 'productive talks." First Published: May 12, 2025, 09:44 IST
Time of India
02-05-2025
- Business
- Time of India
Bitcoin crosses $97,000 as institutional demand and trade hopes lift crypto market
Bitcoin surged past $97,000 on Friday, marking its highest level in over two months, supported by renewed institutional interest and easing global trade tensions. As of 12:23 PM IST, Bitcoin was up 1.9% at $96,704 after hitting a day's high of $97,437. Ethereum gained 1.3% to trade at $1,831. The global crypto market cap rose 1.5% to $3.01 trillion, with altcoins like Litecoin, Dogecoin, and Cardano also posting gains. Institutional momentum drives Bitcoin rally BlackRock's Bitcoin ETF has amassed $40 billion in assets within 211 days, while firms like MicroStrategy and Metaplanet continue to accumulate BTC. Meanwhile, Morgan Stanley and Charles Schwab are reportedly planning to offer crypto trading to clients. Crypto Tracker TOP COIN SETS AI Tracker 0.16% Buy Smart Contract Tracker -0.85% Buy NFT & Metaverse Tracker -2.11% Buy Web3 Tracker -3.81% Buy DeFi Tracker -4.40% Buy TOP COINS (₹) Ethereum 156,312 ( 2.85% ) Buy Bitcoin 8,205,947 ( 2.84% ) Buy XRP 188 ( 1.07% ) Buy BNB 50,876 ( 0.18% ) Buy Tether 85 ( 0.14% ) Buy 'The consistent accumulation by Bitcoin treasury companies is fuelling the rally,' said Shivam Thakral, CEO of BuyUcoin. 'Bitcoin has jumped nearly 28% from its April bottom and is poised to test the $100K mark.' 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 » CoinSwitch Markets Desk noted that BTC is trading above its 50-, 100-, and 200-day moving averages, indicating strong bullish momentum. 'The rally is clearly supported by institutional optimism,' the team said. Also Read: Is the memecoin mania affecting the credibility and future of crypto? Analysts see key resistance near $100K After consolidating for over a week, Bitcoin has broken out of its range. 'BTC has crossed $96,000 and is now testing $97,500,' said Piyush Walke of Delta Exchange. 'Key resistance lies at $100,000 and $107,000. A breakout above these could signal further bullish momentum.' Ethereum is also showing strength above the $1,800 level. However, Walke cautioned that relatively low trading volume may limit upside unless it picks up. Vikram Subburaj, CEO of Giottus, said around 56,000 BTC were withdrawn from exchanges over the past week—a sign of accumulation and reduced selling pressure. 'Sustained demand near the $95,500–$97,000 zone shows underlying strength.' Also Read: Bitcoin is digital equivalent of gold, showing signs of decoupling from Nasdaq: Jefferies' Chris Wood Broader crypto market trends The total market cap rose to $3.01 trillion, while Bitcoin's dominance climbed to 63.85%. Daily crypto trading volume increased 12.7% to $32.72 billion. Stablecoins continued to dominate trading activity, accounting for 93.5% of the volume. Top altcoins posted moderate gains: Litecoin rose 5%, Dogecoin 3%, Cardano 3.2%, and Avalanche 2.4%. Ethereum and Solana held above their key support levels at $1,800 and $150, respectively. 'The market is building upward momentum, supported by macroeconomic optimism,' said Edul Patel, CEO of Mudrex. 'With the rising probability of a Fed rate cut and a critical US jobs report due today, crypto could see more volatility ahead.' The Crypto Fear & Greed Index climbed to 67, reflecting growing investor confidence as Bitcoin edges closer to the $100,000 milestone. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
