Latest news with #ShivamThakral
Time of India
a day ago
- Business
- Time of India
Bitcoin slips below $117,000 amid ETF outflows; All eyes on Fed Chair Powell
Bitcoin slipped below the $117,000 mark on Tuesday amid renewed ETF outflows and growing market caution ahead of a key speech by US Federal Reserve Chair Jerome Powell . As of 11:27 am IST, the world's largest cryptocurrency was trading 1.1% lower at $116,994. Ethereum also lost ground, falling 2.3% to $3,681. Explore courses from Top Institutes in Please select course: Select a Course Category Digital Marketing Data Science others Leadership Data Analytics Others Management Data Science Artificial Intelligence Operations Management Technology Finance Public Policy Healthcare CXO Design Thinking MBA Project Management Degree Product Management Skills you'll gain: Digital Marketing Strategies Customer Journey Mapping Paid Advertising Campaign Management Emerging Technologies in Digital Marketing Digital Marketing Strategies Customer Journey Mapping Paid Advertising Campaign Management Emerging Technologies in Digital Marketing Digital Marketing Strategies Customer Journey Mapping Paid Advertising Campaign Management Emerging Technologies in Digital Marketing Duration: 12 Weeks Indian School of Business Digital Marketing and Analytics Starts on May 14, 2024 Get Details Skills you'll gain: Digital Marketing Strategies Customer Journey Mapping Paid Advertising Campaign Management Emerging Technologies in Digital Marketing Digital Marketing Strategies Customer Journey Mapping Paid Advertising Campaign Management Emerging Technologies in Digital Marketing Duration: 12 Weeks Indian School of Business Digital Marketing and Analytics Starts on May 14, 2024 Get Details Skills you'll gain: Digital Marketing Strategy Search Engine Optimization (SEO) & Content Marketing Social Media Marketing & Advertising Data Analytics & Measurement Duration: 24 Weeks Indian School of Business Professional Certificate Programme in Digital Marketing Starts on Jun 26, 2024 Get Details Skills you'll gain: Digital Marketing Strategies Customer Journey Mapping Paid Advertising Campaign Management Emerging Technologies in Digital Marketing Duration: 12 Weeks Indian School of Business Digital Marketing and Analytics Starts on May 14, 2024 Get Details Most major altcoins were in the red, with XRP down 1.4%, BNB 1.5%, Dogecoin 3.4%, Cardano 0.6%, Tron 1.3%, Hyperliquid 7.7%, and Stellar 5.5%. However, Solana defied the trend, rising 5% to hit a five-month high above $200. The latest dip in Bitcoin was attributed to profit-booking and outflows from institutional products. 'Bitcoin slipped below the $117K mark due to ETF outflows,' said Shivam Thakral, CEO of BuyUcoin. 'The single-day outflow from Bitcoin ETFs stood at $131 million, while Ethereum ETFs added $194 million during the same period.' Thakral added that Ethereum's renewed strength has caught the attention of institutional investors, who are anticipating a growth trajectory similar to Bitcoin's. 'With regulatory clarity improving and support from Trump's media corporation and BTC treasuries, the market remains active and optimistic this week,' he noted. Some analysts believe the recent moves point to an emerging altcoin season . Edul Patel, Co-founder and CEO of Mudrex, said capital rotation away from Bitcoin is gaining pace. 'BTC is now range-bound between $116,000 and $120,000, and its dominance has dipped below 60%—the second major decline in three months,' Patel noted. He highlighted Ethereum's growing futures interest, which rose from $18 billion to $28 billion in just one week. 'This shift has pushed the altcoin season index above 50 for the first time since December, with Solana's rally acting as a key indicator of investor appetite beyond BTC,' he added. Sathvik Vishwanath, Co-founder and CEO of Unocoin, said Bitcoin is holding just above key technical support near $116,000. 'If BTC breaks above $122,000, we could see a move toward $125,000–128,000. But a breach below $116,000 could trigger a correction to $112,000,' he said. Vishwanath added that long-term fundamentals remain strong, with some analysts projecting a $200,000 target by year-end, driven by halving-induced supply constraints, global adoption, and favorable regulation. Meanwhile, investor sentiment remains cautious ahead of a speech by Fed Chair Jerome Powell scheduled for 6:30 PM IST today. With just a week before the next FOMC meeting, speculation has intensified about Powell's future, amid reported pressure from Donald Trump. Any surprise signals on interest rates or leadership changes at the Fed could add to market volatility, with crypto assets likely to react sharply to developments. ( 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
5 days ago
- Business
- Economic Times
Bitcoin crosses $120K on US crypto bill boost; Dogecoin, Hedera rally over 15%
Reuters Bitcoin surpassed $120,000, fueled by optimism surrounding US crypto regulation, particularly the GENIUS Act's passage, and sustained institutional investment. Bitcoin surged past the $120,000 mark on Friday, buoyed by growing optimism surrounding crypto regulation in the United States and continued institutional inflows. As of 12:49 pm IST, the world's largest cryptocurrency was trading 1.6% higher at $120,008, just shy of its intraday high of $120,999 and its all-time high near $123,000. Ethereum followed with a sharp rally, gaining 6.4% to $3,639. Broader altcoin sentiment remained strong, with XRP jumping 12% to $3.50, Dogecoin soaring 15%, and Chainlink and Hedera gaining 12% and 17%, respectively. Solana, BNB, Tron, and Stellar also posted solid gains ranging between 3.6% and 6%. Market enthusiasm was largely driven by news that the US House of Representatives passed the GENIUS Act—legislation focused on regulating stablecoins. The move is being seen as a landmark moment for the crypto industry, with the potential to pave the way for broader regulatory clarity and adoption."Bitcoin just smashed through $120,000, hitting $120,625 as crypto investors celebrate a huge win on Capitol Hill," said Shivam Thakral, CEO of BuyUcoin. "The House just passed the GENIUS Act, new rules for stablecoins that have Wall Street and crypto enthusiasts equally excited. This move is seen as a major milestone for crypto regulation and adoption in the United States."Vikram Subburaj, CEO of Giottus Crypto Platform, added that the bill's passage signals wider regulatory momentum. "While it particularly addresses stablecoins, it gives a wider stamp of approval for more favourable regulations that could be adopted globally. The altcoin market has rallied strongly with XRP and HBAR, two of the top US-based altcoins, gaining close to 20% each." According to Sathvik Vishwanath, Co-Founder & CEO of Unocoin, Bitcoin is consolidating near key resistance levels, signalling underlying strength. 'Bitcoin is currently trading around $120,091, consolidating just below its all-time high near $123,000. A breakout above $123K could trigger a rally toward $130K,' he added that price action is holding within a range of $117,715 to $120,999, with bulls defending the $118K–$120K support zone. 'This consolidation phase suggests strength. Institutional inflows via ETFs and recent U.S. regulatory support—like the GENIUS and CLARITY Acts—are boosting long-term investor confidence. While short-term corrections are possible, the broader trend remains bullish,' Vishwanath remained strong above $3,600, supported by robust inflows into spot ETFs. According to Riya Sehgal, Research Analyst at Delta Exchange, $726 million has flowed into ETH ETFs so far, with $500 million of that coming from BlackRock alone. 'Bitcoin is holding above $120,000 with support near $115,700. A close over $121,500 on rising volume could push it toward $125K–$126.2K,' Sehgal said. 'XRP's 12% jump and wider altcoin gains are being driven by optimism following the acceptance of three pro-crypto bills in the US House. ETF inflows, policy clarity, and legislative progress are all supporting the rally.' She also noted that while Bitcoin remains dominant with a 60% market share, capital rotation into Ethereum and other altcoins is increasing. 'The global crypto market cap is nearing $3.9 trillion, inching closer to Nvidia's $4.2 trillion valuation,' she added. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Time of India
5 days ago
- Business
- Time of India
Bitcoin crosses $120K on US crypto bill boost; Dogecoin, Hedera rally over 15%
Bitcoin surged past the $120,000 mark on Friday, buoyed by growing optimism surrounding crypto regulation in the United States and continued institutional inflows. As of 12:49 pm IST, the world's largest cryptocurrency was trading 1.6% higher at $120,008, just shy of its intraday high of $120,999 and its all-time high near $123,000. Ethereum followed with a sharp rally, gaining 6.4% to $3,639. Broader altcoin sentiment remained strong, with XRP jumping 12% to $3.50, Dogecoin soaring 15%, and Chainlink and Hedera gaining 12% and 17%, respectively. Solana, BNB, Tron, and Stellar also posted solid gains ranging between 3.6% and 6%. Explore courses from Top Institutes in Select a Course Category Technology Public Policy healthcare Product Management Finance Cybersecurity Others MCA Operations Management Digital Marketing Artificial Intelligence Design Thinking CXO Project Management MBA PGDM Management Leadership Data Analytics Degree others Healthcare Data Science Data Science Skills you'll gain: Duration: 12 Weeks MIT xPRO CERT-MIT XPRO Building AI Prod India Starts on undefined Get Details Market enthusiasm was largely driven by news that the US House of Representatives passed the GENIUS Act—legislation focused on regulating stablecoins. The move is being seen as a landmark moment for the crypto industry, with the potential to pave the way for broader regulatory clarity and adoption. Crypto Tracker TOP COIN SETS Smart Contract Tracker 17.11% Buy NFT & Metaverse Tracker 16.92% Buy DeFi Tracker 15.11% Buy Web3 Tracker 13.94% Buy BTC 50 :: ETH 50 11.89% Buy TOP COINS (₹) XRP 298 ( 7.78% ) Buy Ethereum 310,754 ( 5.06% ) Buy BNB 63,514 ( 2.93% ) Buy Bitcoin 10,226,453 ( 0.49% ) Buy Tether 86 ( 0.21% ) Buy "Bitcoin just smashed through $120,000, hitting $120,625 as crypto investors celebrate a huge win on Capitol Hill," said Shivam Thakral, CEO of BuyUcoin. "The House just passed the GENIUS Act , new rules for stablecoins that have Wall Street and crypto enthusiasts equally excited. This move is seen as a major milestone for crypto regulation and adoption in the United States." 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 » Vikram Subburaj, CEO of Giottus Crypto Platform, added that the bill's passage signals wider regulatory momentum. "While it particularly addresses stablecoins, it gives a wider stamp of approval for more favourable regulations that could be adopted globally. The altcoin market has rallied strongly with XRP and HBAR, two of the top US-based altcoins , gaining close to 20% each." Live Events According to Sathvik Vishwanath, Co-Founder & CEO of Unocoin, Bitcoin is consolidating near key resistance levels, signalling underlying strength. 'Bitcoin is currently trading around $120,091, consolidating just below its all-time high near $123,000. A breakout above $123K could trigger a rally toward $130K,' he said. He added that price action is holding within a range of $117,715 to $120,999, with bulls defending the $118K–$120K support zone. 'This consolidation phase suggests strength. Institutional inflows via ETFs and recent U.S. regulatory support—like the GENIUS and CLARITY Acts—are boosting long-term investor confidence. While short-term corrections are possible, the broader trend remains bullish,' Vishwanath said. Ethereum remained strong above $3,600, supported by robust inflows into spot ETFs. According to Riya Sehgal, Research Analyst at Delta Exchange, $726 million has flowed into ETH ETFs so far, with $500 million of that coming from BlackRock alone. 'Bitcoin is holding above $120,000 with support near $115,700. A close over $121,500 on rising volume could push it toward $125K–$126.2K,' Sehgal said. 'XRP's 12% jump and wider altcoin gains are being driven by optimism following the acceptance of three pro-crypto bills in the US House. ETF inflows , policy clarity, and legislative progress are all supporting the rally.' She also noted that while Bitcoin remains dominant with a 60% market share, capital rotation into Ethereum and other altcoins is increasing. 'The global crypto market cap is nearing $3.9 trillion, inching closer to Nvidia's $4.2 trillion valuation,' she added. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
News18
14-07-2025
- Business
- News18
Bitcoin Hits Record High Of $120K, Jumps 10% In A Week; What's Driving The Surge?
Last Updated: Bitcoin price: The current price of Bitcoin stands at $120,938.95, marking a jump of 10 per cent over the past seven days. Know what's fueling the rally? Bitcoin Price: The rally of Bitcoin price doesn't seem to wane at any moment ahead the US 'crypto week'. The popular cryptocurrency has extended its rally by touching its new all-time high of $120,000, driven by pro-crypto sentiment from the Trump campaign, strong ETF inflows and increasing corporate treasury allocations. This upward movement pushed Bitcoin past Silver and Google, making it the 6th largest asset by market cap. The m-cap of Bitcoin stood at 2.4 trillion. On the other hand, the Google's m-cap is at $2.19 trillion. According to CoinMarketCap, the current price of Bitcoin stands at $120,938.95, marking a jump of 10 per cent over the past seven days. The M-cap of Bitcoin stood now at $2.4 trillion. On the other hand, Google's m-cap stood at $2.19 trillion. This massive inflow of institutional money coupled with euphoria around the US 'Crypto Week', which kicks off today, is driving the current rally, said Shivam Thakral, CEO of BuyUcoin. Over the past week, several major cryptocurrencies have shown strong upward momentum. Ethereum (ETH) led with a 7-day gain of 18.26%, now trading around $3,044.93, driven by renewed interest in its DeFi ecosystem and network upgrades. Solana (SOL) also performed well, rising 10.03% over the week to $167.28, supported by growing developer activity and adoption. Dogecoin (DOGE) gained 17.50%, reaching $0.2050, likely fuelled by social media buzz and renewed retail interest. These consistent price increases, along with positive 24-hour movements, suggest strong ongoing demand in the broader crypto market. Meanwhile, XRP and Stellar (XLM) stood out with massive gains. XRP jumped 29.44% to trade at $2.93, possibly on the back of improved legal clarity and market sentiment. However, the biggest winner was Stellar (XLM), which soared 100.77% over the week to hit $0.5049, marking a major breakout possibly linked to increased institutional or cross-border payment interest. What Is Crypto Week? The week ahead is anchored by 'Crypto Week" in Congress, key bills like the Clarity Act, GENIUS Act, and Anti‑CBDC Surveillance Act are moving through the House Rules Committee, with a full vote expected soon. These bills aim to define crypto regulatory roles, authorize stablecoins, and block a U.S. central bank digital currency, providing clarity that could drive institutional market participation, said CoinSwitch Markets Desk. Devika Mittal, Regional Head at Ava Labs notes that the timing couldn't be better, as countries like Vietnam are starting to embrace crypto themselves, following America's lead in the global digital economy. Wall Street's big players have been waiting on the sidelines for clearer rules, and these bills could finally give them the confidence to dive in. But it's not just about attracting big money – there's real attention being paid to protecting everyday investors from scams and sketchy practices, she adds. view comments First Published: July 14, 2025, 10:07 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Economic Times
04-07-2025
- Business
- Economic Times
Bitcoin holds above 109k as market awaits next breakout; Altcoins decline
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Crypto prices remained range-bound on Friday, with Bitcoin trading marginally lower amid mixed signals from global markets and continued institutional inflows Bitcoin was last down 0.3% at $109,031, having touched an intraday high of $110,541 earlier in the session. Ethereum slipped 1% to $2,563. The global crypto market capitalisation also dipped 0.5% to $3.37 trillion, according to CoinMarketCap altcoins traded in the red, with XRP, Solana, Dogecoin, and Cardano shedding between 1% and 3%. Other top tokens such as Chainlink, Avalanche, Stellar, Toncoin, Shiba Inu, and Litecoin also declined up to 3%.Despite the mild pullback, analysts said market sentiment remains broadly positive, supported by institutional buying and a healthy technical setup.'Bitcoin (BTC) is hovering around $109,000, showing resilience after touching an intraday high near $110K,' said Shivam Thakral, CEO of BuyUcoin. 'Flows into spot BTC ETFs remain strong, drawing institutional capital and supporting prices. A breakout above $114K could trigger the next leg of the rally.'Edul Patel, Co-founder and CEO of Mudrex, echoed the optimism, noting that bulls continue to defend key levels.'Bitcoin is holding strong above the $109,000 mark despite brief selling pressure following U.S. payroll data,' Patel said. 'Data from The Block shows 98.9% of Bitcoin holders are currently 'in the money', reflecting strong market confidence. If Ethereum stays above $2,500, we could see a rally toward $2,700 driven by whale accumulation and institutional interest.'Adding to the upbeat outlook, Avinash Shekhar, Co-Founder and CEO of Pi42, said rising open interest and unrealised profits suggest the market is not overheated yet.'Bitcoin is trading firmly above $109,000, with the unrealised profit ratio at 80%—a healthy sign of confidence among holders. Open interest is rising again, reflecting renewed enthusiasm without signs of excessive speculation,' Shekhar said. 'Ethereum is holding within its expected range, supported by improving macro sentiment and equity market gains.'Among altcoins, Shekhar noted that XRP is showing strong upward potential with technical indicators pointing toward a possible move to $3, while Dogecoin has regained strength after breaking above its 50-day bullish fundamentals intact, analysts believe Bitcoin may soon test the $110,000 mark again and possibly chart a path toward new all-time highs around $115,000.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
