Crypto prices today: Bitcoin nears $110K, Ethereum rallies over 6% on rate cut hopes
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The cryptocurrency market traded higher on Thursday, supported by dovish macro signals and improved investor sentiment. As of 1:04 pm IST, Bitcoin climbed 2.3% to $109,336, while Ethereum rose 6.3% to $2,601. The total global crypto market cap rose 0.8% to $3.31 trillion, as per CoinMarketCap. Altcoins also joined the rally. XRP, Solana , Dogecoin, and Cardano surged between 3% and 9%, while Tron, Sui, Avalanche, and Chainlink posted gains of up to 11%.'The crypto market is gaining strength with expectations of a July rate cut ,' said Edul Patel, CEO of Mudrex. 'Bitcoin needs a weekly close above $107,720 to confirm trend strength, with key resistance at $110,900.'Disappointing US payroll data and the possibility of monetary easing have supported crypto prices. The market now awaits jobless claims and non-farm payrolls data for further direction.Vikram Subburaj, CEO of Giottus, said: 'Bitcoin rebounded sharply on the back of Trump's Vietnam trade deal and renewed interest in Solana's staking ETF. Spot Bitcoin ETFs saw $407 million in inflows on July 2, reversing earlier outflows. On-chain metrics still show room for further upside.'Riya Sehgal of Delta Exchange noted that Ethereum saw a clear breakout, rising from $2,375 to over $2,550. 'ETH holds a stronger setup than BTC, with resistance at $2,665 and a breakout target of $2,800. Meanwhile, whale accumulation and staking inflows continue despite flat retail activity.'Solana also gained traction after the REX-Osprey Solana Staking ETF launched with $12 million in inflows and $33 million in trading volume, signaling rising institutional interest.'Bitcoin touched $109,700 — its highest in three weeks — buoyed by macro optimism and ETF flows,' said Pi42 Co-Founder Avinash Shekhar. 'A breakout above $110K could lead the next leg of this bull cycle, but traders remain watchful of short-term momentum shifts.'(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
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Economic Times
31 minutes ago
- Economic Times
The great Bitcoin power shift has large holders dumping 5,00,000 coins
A massive power shift is underway in the Bitcoin market, with long-time whales offloading over 500,000 coins even as institutions like ETFs and corporates snap them up. This transition is recasting Bitcoin from a high-risk trade to a slower, more stable investment allocation, with volatility at two-year lows. Tired of too many ads? Remove Ads Crypto TrackerPowered By TOP COINS TOP COIN SETS XRP 190.54 ( 0.64 %) Buy BNB 56,072 ( 0.18 %) Buy Ethereum 2,15,939 ( -0.15 %) Buy Bitcoin 92,55,461 ( -0.27 %) Buy Solana 12,656.05 ( -1.16 %) Buy Tired of too many ads? Remove Ads A silent transfer of control is reshaping the $2.1 trillion Bitcoin market.A steady stream of sales by long-time whales — miners, offshore funds and anonymous wallets — is being met almost one-for-one by demand from institutional players like ETFs, corporates and asset managers. The result: Bitcoin is struggling to break out of its record high around $110,000, volatility is evaporating, and its place in the investment landscape is being a flurry of bullish headlines — from corporate treasuries embracing Bitcoin to the Trump administration's full-throated crypto endorsement — the largest digital currency has remained stuck in its trading range for months. Underneath the surface, long-dormant whales have been trimming positions just as institutions ramp up their buying. And this switchover is gradually recasting Bitcoin's identity from a high-octane trade to a slow-burn the past year, large holders, or Bitcoin whales, have offloaded more than 500,000 Bitcoin — worth over $50 billion at current prices — according to data compiled by 10x Research. That's roughly equal to the net inflows into the wildly successful US exchange-traded funds since their approval. And it's not far off from the $65 billion amassed over the past five years by crypto treasury pioneer Michael Saylor and his firm, now known as of these whales trace back to Bitcoin's earliest cycles, when it traded far below current levels. In some cases, whales aren't simply selling, they're swapping tokens for deals tied to the stock market, bypassing the open market.'What we're seeing is a churning in the base,' said Edward Chin, co-founder of Parataxis Capital. 'A less covered driver and potential reason for the churn and increasing network activity seems to be driven by whales converting their BTC into equity exposure through in-kind contributions of BTC into financing transactions tied to the public markets.'Institutions — from ETFs and Saylor's Strategy to dozens of corporate imitators — now control about a quarter of all Bitcoin in circulation. Back in 2020, researcher Flipside Crypto estimated that about 2% of the anonymous ownership accounts that can be tracked on the cryptocurrency's blockchain controlled 95% of the digital asset. The power dynamic is shifting fast.'Crypto is becoming less of an outlier and more established as a legitimate asset class,' said Rob Strebel, head of relationship management at the trading firm DRW, which includes crypto-focused arm Cumberland. Alongside that shift, 'we expect to see a compression in volatility.'That appears to be already taking place, dampening one of the most alluring aspects of Bitcoin to many traders. A closely watched measure of price swings has declined to the lowest level in about two years, according to Deribit's BTC Volatility Index. The gauge monitors the 30-day forward-looking annualized expectations of the whales cut exposure, ETFs, treasury companies and other institutions combined have absorbed nearly 900,000 coins in the past year, according to 10x Research. These players now hold about 4.8 million coins, out of about 20 million Bitcoin in even as institutions bring stability and legitimacy to the asset class, some observers warn they're also providing the long-awaited exit ramp for whales, raising the risk that it's retail and retirement investors left holding the bag if crypto sentiment falters.'The goal for a long time has always been to make Bitcoin a palatable asset for institutional investors to provide exit liquidity in volume so the whales could cash out,' said Hilary Allen, a law professor at American University's Washington College of Law, a long-time crypto two straight years in which the price more than doubled, Bitcoin is still hovering around levels reached at the start of the year, despite President Donald Trump's pro-crypto analysts now expect Bitcoin's appreciation to be capped at 10% to 20% a year. That's a far cry from 2017's almost 1,400% surge that pushed the token into the mainstream.'Bitcoin is probably more like boring dividend stock over time,' said Jeff Dorman, chief investment officer at Arca. 'On average it goes higher every year, but by less and less amount. It becomes more of an attractive retirement asset.'Still, the picture is incomplete. Not all whale activity is visible, and Bitcoin could prove ever-volatile soon enough, especially if a new market catalyst one big risk right now is imbalance: If Bitcoin whales resume selling at scale while institutional flows plateau, the market could tip into steep declines. Outflows of just 2% in 2018 and 9% in 2022 triggered Bitcoin price drops of 74% and 64%, respectively, according to 10x Research.'We are nearing a point where the market is hitting its peak,' said Fred Thiel, chief executive officer of Bitcoin miner MARA Holdings Inc., which has yet to sell any of its Bitcoin holdings. 'My personal belief, however, is we are in a very different market dynamic today.'All told, the shift from anonymous whales to institutional allocators may help sustain the current market dynamic for an extended period.'This can go on for a long time — years,' said Markus Thielen, CEO of 10x Research. 'It's more of a slow grind, where Bitcoin becomes more of a 10%-20% asset. The nature of Bitcoin really changes.'
Time of India
34 minutes ago
- Time of India
The great Bitcoin power shift has large holders dumping 5,00,000 coins
A silent transfer of control is reshaping the $2.1 trillion Bitcoin market. A steady stream of sales by long-time whales — miners, offshore funds and anonymous wallets — is being met almost one-for-one by demand from institutional players like ETFs, corporates and asset managers. The result: Bitcoin is struggling to break out of its record high around $110,000, volatility is evaporating, and its place in the investment landscape is being reshaped. Despite a flurry of bullish headlines — from corporate treasuries embracing Bitcoin to the Trump administration's full-throated crypto endorsement — the largest digital currency has remained stuck in its trading range for months. Underneath the surface, long-dormant whales have been trimming positions just as institutions ramp up their buying. And this switchover is gradually recasting Bitcoin's identity from a high-octane trade to a slow-burn allocation. Over the past year, large holders, or Bitcoin whales, have offloaded more than 500,000 Bitcoin — worth over $50 billion at current prices — according to data compiled by 10x Research. That's roughly equal to the net inflows into the wildly successful US exchange-traded funds since their approval. And it's not far off from the $65 billion amassed over the past five years by crypto treasury pioneer Michael Saylor and his firm, now known as Strategy. Crypto Tracker TOP COIN SETS NFT & Metaverse Tracker 8.61% Buy DeFi Tracker 6.23% Buy Web3 Tracker 4.31% Buy Crypto Blue Chip - 5 3.12% Buy AI Tracker 2.89% Buy TOP COINS (₹) XRP 190 ( 0.42% ) Buy BNB 56,044 ( 0.0% ) Buy Ethereum 215,946 ( -0.29% ) Buy Bitcoin 9,251,206 ( -0.41% ) Buy Solana 12,661 ( -1.5% ) Buy Many of these whales trace back to Bitcoin's earliest cycles, when it traded far below current levels. In some cases, whales aren't simply selling, they're swapping tokens for deals tied to the stock market, bypassing the open market. 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 » Live Events 'What we're seeing is a churning in the base,' said Edward Chin, co-founder of Parataxis Capital. 'A less covered driver and potential reason for the churn and increasing network activity seems to be driven by whales converting their BTC into equity exposure through in-kind contributions of BTC into financing transactions tied to the public markets.' Institutions — from ETFs and Saylor's Strategy to dozens of corporate imitators — now control about a quarter of all Bitcoin in circulation. Back in 2020, researcher Flipside Crypto estimated that about 2% of the anonymous ownership accounts that can be tracked on the cryptocurrency's blockchain controlled 95% of the digital asset. The power dynamic is shifting fast. 'Crypto is becoming less of an outlier and more established as a legitimate asset class,' said Rob Strebel, head of relationship management at the trading firm DRW, which includes crypto-focused arm Cumberland. Alongside that shift, 'we expect to see a compression in volatility.' That appears to be already taking place, dampening one of the most alluring aspects of Bitcoin to many traders. A closely watched measure of price swings has declined to the lowest level in about two years, according to Deribit's BTC Volatility Index. The gauge monitors the 30-day forward-looking annualized expectations of volatility. While the whales cut exposure, ETFs, treasury companies and other institutions combined have absorbed nearly 900,000 coins in the past year, according to 10x Research. These players now hold about 4.8 million coins, out of about 20 million Bitcoin in circulation. But even as institutions bring stability and legitimacy to the asset class, some observers warn they're also providing the long-awaited exit ramp for whales, raising the risk that it's retail and retirement investors left holding the bag if crypto sentiment falters. 'The goal for a long time has always been to make Bitcoin a palatable asset for institutional investors to provide exit liquidity in volume so the whales could cash out,' said Hilary Allen, a law professor at American University's Washington College of Law, a long-time crypto skeptic. After two straight years in which the price more than doubled, Bitcoin is still hovering around levels reached at the start of the year, despite President Donald Trump's pro-crypto agenda. Some analysts now expect Bitcoin's appreciation to be capped at 10% to 20% a year. That's a far cry from 2017's almost 1,400% surge that pushed the token into the mainstream. 'Bitcoin is probably more like boring dividend stock over time,' said Jeff Dorman, chief investment officer at Arca. 'On average it goes higher every year, but by less and less amount. It becomes more of an attractive retirement asset.' Still, the picture is incomplete. Not all whale activity is visible, and Bitcoin could prove ever-volatile soon enough, especially if a new market catalyst emerges. Regardless, one big risk right now is imbalance: If Bitcoin whales resume selling at scale while institutional flows plateau, the market could tip into steep declines. Outflows of just 2% in 2018 and 9% in 2022 triggered Bitcoin price drops of 74% and 64%, respectively, according to 10x Research. 'We are nearing a point where the market is hitting its peak,' said Fred Thiel, chief executive officer of Bitcoin miner MARA Holdings Inc., which has yet to sell any of its Bitcoin holdings. 'My personal belief, however, is we are in a very different market dynamic today.' All told, the shift from anonymous whales to institutional allocators may help sustain the current market dynamic for an extended period. 'This can go on for a long time — years,' said Markus Thielen, CEO of 10x Research. 'It's more of a slow grind, where Bitcoin becomes more of a 10%-20% asset. The nature of Bitcoin really changes.'
Time of India
2 hours ago
- Time of India
Quant Mutual Fund raises mid and small cap allocation across equity and hybrid funds, sees buying opportunity in 7 sectors
Quant Mutual Fund has said their overall portfolio remains tilted towards largecaps, and the exposure in select mid and small caps has been increased in most of their equity and hybrid funds. The fund house believes that select buying opportunities are visible in certain sectors viz. PSU, Infrastructure, Hotels & Hospitality, Pharmaceuticals, Materials, Retail and Telecom. 'Our portfolio at Quant Mutual Fund remains tilted towards large caps and overall liquidity of the portfolio is good; select mid and small caps exposure has been increased in most of the equity and hybrid schemes. We reiterate that select buying opportunities are visible in certain sectors viz. PSU, Infrastructure, Hotels & Hospitality, Pharmaceuticals, Materials, Retail and Telecom,' the fund house said in its monthly release. Also Read | Equity mutual funds offer up to 32% return in first six months of 2025. Sectoral, thematic funds rule return chart Best MF to invest Looking for the best mutual funds to invest? Here are our recommendations. View Details » by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Benefits of Trading Bitcoin CFDs IC Markets Learn More Undo The fund house's 'predictive analytics' continues to endorse risk-on for India, and with the right policy support, India stands a good chance of benefiting from global supply chain shifts in the medium-term. 'With a large domestic market (as large as China's in 2006-07), India can bank upon strong manufacturing-led growth for many years ahead,' the release further said. The non-linearity in global macro-economic trends is increasing as financial markets are now more driven by geopolitical volatility, fiscal and policy interventions and the fund house expects both QE & QT to coexist through this decade as indices related to global uncertainties will remain elevated for long. Live Events 'We continue to believe that a significant US Dollar devaluation is the only practical way to address US' spiraling debt crisis. The only question is how this will be carried out or triggered,' the release highlights. On the geopolitical front, the US-China trade war bumped in to some degree of de-escalation as the US agreed to a 90-day truce to reduce tariffs on Chinese imports to 30% from 145% earlier. After disputes over critical minerals and US accusations of trade deal violations, the pause offers temporary relief. The Sandeep Tandon-led fund house believes that there is definitely a sense of resilience being exhibited by global markets, shrugging off armed conflicts, tariff-induced inflation and economic slowdowns. The US' 'Big Beautiful Bill,' aimed at boosting domestic manufacturing through subsidies, has sparked optimism in industrial stocks but raised concerns about rising deficits. The US 10-year Treasury yield climbed to 4.50%, reflecting higher inflation expectations and reduced appeal of bonds. Change in nomenclature The monthly release further mentioned that the fund house has revised the names of the four schemes with effect from June 30, 2025 which is in line with SEBI's directive to the mutual fund industry. 'SEBI aims to improve transparency, comparability and investor understanding by standardizing how mutual fund schemes are classified, disclosed and communicated to investors. No action is needed at your end about your existing investments with us. All new investments into the following schemes made on or after 30th June, 2025 will have to be made under the revised nomenclature,' the release highlighted. Also Read | Quant Mutual Fund announces change in name of 4 funds Quant Absolute Fund is renamed as Quant Aggressive Hybrid Fund. Quant Active Fund is renamed as Quant Multi Cap Fund. The name of Quant Multi Asset Fund is changed to Quant Multi Asset Allocation Fund. And Quant ESG Equity Fund is known as Quant ESG Integration Strategy Fund. The release further informed about the upcoming NFO of Quant Equity Savings Fund which will open for subscription on July 7 and close on July 21 and the fund is designed to help investors capitalize on long-term equity growth opportunities and accrual income through arbitrage and high-quality bonds. New fund offer (NFO) While commenting on why one should go for Quant Equity Savings Fund, the fund house said that this fund is an 'All-weather' scheme with moderate risk and a tax efficient alternative for risk-averse investors, including first time equity investors and investors migrating from fixed deposits, seeking lower volatility as compared to traditional equity funds and long-term wealth creation. The Quant Equity Savings Fund's equity portfolio will be managed as a flexi cap investment strategy with a large cap bias for stability and limited exposure to mid/ small-cap stocks in a relatively stable environment. Secondly, the arbitrage and hedging strategy will protect the portfolio in the risk-averse phase. And lastly, the scheme's debt portfolio seeks to generate stable accrual income by investing in high-quality corporate bonds and government securities with low credit risk and dynamic duration management based on interest rate outlook. The scheme will be rebalanced across market cycles through 'Predictive Analytics' tools and the VLRT Framework with a focus on delivering superior risk-adjusted returns and lower drawdowns during market corrections through dynamic asset allocation and hedging. Also Read | MF Tracker: Can this multi asset fund with top sharpe ratio sustain its outperformance? Quant Equity Savings Fund combines twin objectives of stability and growth to help risk-averse investors with their long-term wealth creation goal. Quant Mutual Fund further appreciated the continued trust and confidence by the investors' in the fund house. 'As we navigate changing markets, our commitment remains focused on disciplined investing and long-term value. Should you have any questions or need assistance, our team is here to help,' the fund house said.
