Latest news with #ETH
&w=3840&q=100)

Business Standard
24 minutes ago
- Business
- Business Standard
Crypto market update: Bitcoin moves sideways, ETH down, altcoins in red
Crypto market update: The crypto markets were under pressure as the flagship currency, Bitcoin (BTC), continued to trade within a tight range, while other popular altcoins were trading lower on Thursday, July 24, 2025. At last check, Bitcoin was trading around $118,071.31, down 0.41 per cent, with a 24-hour trading volume of $71.07 billion. BTC has fluctuated in the range of $117,247.97–$119,290.24 in the last 24 hours, according to data from CoinMarketCap. Bitcoin, Edul Patel, Co-founder and CEO of Mudrex, said, remains range-bound as investors wait for a catalyst to trigger the next leg of the rally. 'With major events like the FOMC meeting, US Treasury's borrowing plans, and Trump's tariff proposals ahead of us, July's last days could shape market sentiment for the rest of the year,' said Patel. For Bitcoin, Riya Sehgal, research analyst at Delta Exchange, noted that a strong support is placed near $117,000, while resistance is at $118,400. 'For today's expiry, options data reflects a neutral stance, as seen in the balanced put/call ratio of 0.88. However, ETF flows reveal a more nuanced divergence in sentiment. On July 23rd, Bitcoin ETFs saw $85.8 million in outflows, pointing to cautious positioning or short-term profit booking,' said Sehgal. Ethereum sees strong inflows despite short-term decline In contrast, Ethereum (ETH) recorded $332.2 million in inflows, coinciding with a rebound from $3,520 to $3,600 after a pullback from $3,850. At last check, ETH was trading around $3,566.34, lower by 3.52 per cent, with a 24-hour trading volume of $17.47 billion. Sehgal, however, continues to remain optimistic on ETH, citing the ETH ETF flows. "This disparity in the ETF flows suggests growing institutional interest in Ethereum's long-term outlook, potentially driven by optimism around its evolving ecosystem and upcoming technical upgrades," said Sehgal. Echoing similar views, Patel said that these consistent inflows could help ETH break the $3,800 resistance and touch $4,000 soon. Altcoins trade lower The altcoins were under pressures too. JasmyCoin (JASMY), (PUMP), Virtuals Protocol (VIRTUAL), dogwifhat (WIF), Flare (FLR), Aptos (APT), Celestia (TIA), FLOKI (FLOKI), Worldcoin (WLD), Immutable (IMX), and Gala (GALA) were among the losers, falling up to 19 per cent on CoinMarketCap. Among other popular altcoins, Ripple (XRP) was trading lower by 12.17 per cent, Dogecoin (DOGE) by 12.41 per cent, Cardano (ADA) by 11 per cent, Solana (SOL) by 9 per cent, Sui (SUI) by 8.7 per cent, Binance Coin (BNB) by 5 per cent, and Hyperliquid (HYP) by 4.81 per cent. That said, analysts believe the market appears to be positioning for a decisive move, with volatility data indicating that risk may be underpriced at current levels.
Yahoo
an hour ago
- Business
- Yahoo
Altcoin Season Takes Breather With SOL, XRP, TON Among Those Posting Heavy Losses
Several of the largest altcoins suffered corrective moves to the downside on Wednesday, suggesting a pause or even end to altcoin season before it ever really got started. The sharp declines pushed bitcoin dominance back above 60% as the world's oldest crypto remained relatively stable. Also notable were more than $200 million worth of long positions liquidated, $43 million of which was on ether (ETH) markets and $32 million on XRP (XRP). Though bouncing a bit of its worst levels of the day, XRP remained lower by 5.2% over the past 24 hours. SOL and TON were also among those hit hard by the plunge, losing 7% and 11%, respectively. These sudden drops are related to a lack of liquidity on altcoin trading pairs compared to bitcoin. Two percent market depth on bitcoin for example is around $40 million on either side of the order book on both Binance and Coinbase. For XRP, however, the total is between $5 million and $6 million on either side, meaning that a $6 million market sell order would incur 2% of slippage without accounting for liquidations. Traders will be eagerly watching to see whether altcoins will bounce following a series of technical breakouts last week. If ETH can hold above $3,470 it would indicate a potentially bullish resolution as that prior point of resistance will have flipped to become support. A break below that level could decimate the altcoin market with more liquidations expected. Open interest for ETH is still at $24 billion, significantly higher than during its 2021 high when it failed to top $10 billion, indicating that much of the recent move has been driven by leverage. CoinMarketCap's altcoin season indicator has also ticked down from 55 out of 100 to 47, demonstrating weakness across the altcoin sector despite a recent rise in retail participation. A return to altcoin season will likely be seen if bitcoin can form a new record high above $124,000 and begin to consolidate above that point, leaving capital to rotate to more speculative altcoin bets.
Yahoo
an hour ago
- Business
- Yahoo
CoinDesk 20 Performance Update: Ripple (XRP) Drops 5.2%, Leading Index Lower
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 4054.25, down 2.3% (-94.67) since 4 p.m. ET on Tuesday. One of 20 assets are trading higher. Leaders: BCH (+0.3%) and ETH (-0.8%).Laggards: XRP (-5.2%) and ADA (-5.1%). The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.


Tahawul Tech
an hour ago
- Business
- Tahawul Tech
Block Scholes Archives
The weekly data showed BTC's aggressive rally was driven by bullish derivatives momentum, while ETH reclaimed key $3K level for the first time since February 2025.


Tahawul Tech
an hour ago
- Business
- Tahawul Tech
SOL Growth Archives
The weekly data showed BTC's aggressive rally was driven by bullish derivatives momentum, while ETH reclaimed key $3K level for the first time since February 2025.