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Bitcoin price today: Token above 1,05,700 levels, crypto market in green — latest updates

Bitcoin price today: Token above 1,05,700 levels, crypto market in green — latest updates

Mint09-06-2025
Bitcoin, the world's largest cryptocurrency is in the green today, up 0.11 per cent over the past 24 hours to $1,05,723.29, according to data on CoinMarketCap.
Further, Bitcoin's market capitalisation is at $2.1 trillion, up 0.21 per cent over the past 24 hours, while its trade volume for the period was down 0.81 per cent to $37.73 billion, the data showed.
Bitcoin dominance in the crypto market space is at 63.7 per cent, the data showed, adding that community sentiment on CoinMarketCap showed that 82 per cent are bullish on the token.
The cryptocurrency market cap on June 9 is at $3.29 trillion – up 0.19 per cent compared to last close, with 24-hour trade volume of $91.36 billion — also up 6.76 per cent.
Further, the second largest crypto, Ethereum was down by 0.74 per cent to $2,496.86, but still within the $2,400 range. Its market cap is at $301.5 billion, also down 0.89 per cent, while trading volumes rose 8.31 per cent to $12.41 billion. Dominance of Ethereum is at 9.2 per cent of the crypto market.
The US Dollar linked stablecoin, Tether is in the green, at $1, with market cap of $154.84 billion (up 0.01 per cent), and trading volume of $58.99 billion (up 8.38 per cent), CoinMarketCap data showed.
Further, Donald Trump's favoured crypto network token Solana is also in the green, up 1.06 per cent to $151.79, with market cap of $79.66 billion (up 1.09 per cent), and trade volume of $2.01 billion (up 8.22 per cent), over the past 24 hours, it added.
The top gainers according to CoinMarketCap are tokens Kaia (up 13.25 per cent), followed by Internet Computer (up 6.01 per cent), AB (up 4.94 per cent), Raydium (up 4.06 per cent), and SPX6900 (up 4.01 per cent).
The top losers according to CoinMarketCap are DEXE logo (down 8.81 per cent), followed by Stacks (down 3.75 per cent), Artificial Superintelligence Alliance (down 3.68 per cent), Optimism (down 3.01 per cent), and Kaspa (-2.48 per cent).
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West Asia: Can IMEC do what the Abraham Accords couldn't—deliver peace?
West Asia: Can IMEC do what the Abraham Accords couldn't—deliver peace?

First Post

timean hour ago

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West Asia: Can IMEC do what the Abraham Accords couldn't—deliver peace?

The Israel-Iran conflict is over, at least for the time being. The war in Gaza, however, rages on. Despite frequent attempts to get the warring parties to agree to a ceasefire, it remains elusive. The Donald Trump administration, with Egypt and Qatar as key interlocutors, had recently proposed another ceasefire of 60 days. While initial reports suggested that Israel has agreed to the contours of the ceasefire, Prime Minister Benjamin Netanyahu, in his statements later, denied it, and Hamas is yet to take a call on it. STORY CONTINUES BELOW THIS AD The positions of Israel and Hamas in it are acutely divergent. While Hamas is looking at a complete end to the war accompanied by full withdrawal of Israeli forces from Gaza, Israel is looking for the release of its hostages with no guarantees on ending the war till Hamas is totally removed from Gaza. With this being the case, an early ceasefire in Gaza looks unlikely. Meanwhile, the ceasefire between Israel and Iran has opened doors for American diplomacy in the region. Expansion of the Abraham Accords is being seen as the preferred instrument in it. There are inputs that Lebanon and Syria could be next to join the Abraham Accords now that they are effectively out of the Iranian sphere of influence. With the fall of the Assad regime in Syria, the Al Shaara-led regime has suddenly become the favourite in Washington. Ahmed Hussein al-Sharaa (previously Abu Mohammad al-Joulani with ISIS and Al-Qaeda links) was welcomed in the White House with open hands, economic sanctions on Syria are being removed, and there are economic packages being worked out to help rebuild Syria. The same is the case in Lebanon, where the government has assured the US and Israel that Hezbollah will not be allowed to regain strength in South Lebanon. Concurrently, efforts to restart the normalisation process between Israel and Saudi Arabia are being pursued. 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In the last week of September 2023, Israeli Tourism Minister Haim Katz became the first Israeli minister to head an official delegation to Saudi Arabia to take part in a conference of the United Nations Tourism Organisation. He was soon followed by Communications Minister Shlomo Karhi on October 3, leading an Israeli delegation to the Universal Postal Union's 2023 Extraordinary Congress. Saudi Crown Prince Mohammed bin Salman (MbS), as well as Israel's PM Netanyahu, also spoke publicly of the deal, the contours of which indicated that Saudi Arabia would have gotten a defence pact with the US as well as a nuclear program. Israel was to offer 'assurances' to the Palestinian groups, but there would be no clear outcome on the two-state solution. If Saudi Arabia and Israel had established formal diplomatic relations without a permanent solution to the Palestine issue, it would have dealt a death blow to the struggle of the Palestinians. Before any more progress on normalisation could take place, the war broke out on October 7, triggered by the Hamas terror attack into Israel. STORY CONTINUES BELOW THIS AD In the Gaza war as well as the recent Israel-Iran conflict, Saudi Arabia had to join other Arab/Muslim nations in the region to strongly condemn Israeli strikes into Gaza as well as the unilateral strikes on June 13, violating the territorial integrity of Iran. In such a situation, it is very unlikely that Saudi Arabia will relent soon and move towards normalisation. Any major expansion of the Abraham Accords is therefore likely to remain remote in the near future except, possibly, adding Lebanon and Syria to it. What can then be the path towards peace and economic progress in the region? Can economy and connectivity work where diplomacy is currently facing headwinds? Here is where the India-Middle East-Europe Economic Corridor (IMEC) comes into the picture. 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US-India trade pact: Markets brace for July 9 tariff deadline; Q1 earnings, FII flows to drive sentiment
US-India trade pact: Markets brace for July 9 tariff deadline; Q1 earnings, FII flows to drive sentiment

Time of India

timean hour ago

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US-India trade pact: Markets brace for July 9 tariff deadline; Q1 earnings, FII flows to drive sentiment

Representative image Equity investors are gearing up for a potentially volatile week as the 90-day suspension period of US President Donald Trump's reciprocal tariffs expires on July 9, raising uncertainty over India-US trade relations. Market experts believe that the outcome of the trade negotiations will be a key trigger, especially for sectors like IT, pharma, and auto that are sensitive to global commerce. Trump had imposed a 26 per cent additional import duty on Indian goods entering the US earlier this year, but enforcement was deferred for 90 days. As the deadline nears, traders are cautious, awaiting clarity on whether the levies will be fully implemented, renegotiated, or further delayed. 'This week holds significant importance not only for Indian markets but for global equities as well,' said Ajit Mishra, SVP – Research, Religare Broking Ltd, according to news agency PTI. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 5 Books Warren Buffett Wants You to Read In 2025 Blinkist: Warren Buffett's Reading List Undo 'The most anticipated event is the outcome of the US trade (tariff) deadline on July 9, which could shape global trade dynamics. Investors will also closely monitor the release of the US FOMC minutes on the same day', Mishra added. Meanwhile, focus will also turn to corporate earnings, with Tata Consultancy Services (TCS) and Avenue Supermarts scheduled to kick off the Q1FY26 reporting season. Their results are expected to set the tone for broader market sentiment. Vinod Nair, head of research at Geojit Financial Services, was quoted by PTI as saying that any favourable development on the India-US trade front could provide a fresh boost to investor confidence. 'Considering the broader indices are currently trading at elevated levels, market participants will closely watch for signs of earnings catch-up from upcoming Q1 results,' he said. Siddhartha Khemka of Motilal Oswal Financial Services added, 'Overall, we expect the market to remain in consolidation mode, awaiting clarity on the India-US trade deal, while stock-specific action would continue on the back of Q1FY26 business updates.' The past week saw the BSE Sensex fall by 626.01 points or 0.74 per cent, and the NSE Nifty declined by 176.8 points or 0.68 per cent. Foreign Institutional Investor (FII) flows are also expected to remain volatile. 'Resumption of FII buying will hinge on two things,' said V K Vijayakumar, chief investment strategist, Geojit Investments. 'One, if a trade deal happens between India and the US, that will be positive for markets and FII flows. Two, Q1 FY26 result indications. If the results indicate earnings recovery, that will be positive. Disappointment on these factors can impact the market', Vijayakumar added. Apart from these, investors are likely to track Brent crude price movements and rupee-dollar fluctuations, which could further impact trading dynamics through the week. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now

India's forex reserves rebound by $4.8 bn to $702.78 bn after previous week's dip
India's forex reserves rebound by $4.8 bn to $702.78 bn after previous week's dip

India Gazette

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India's forex reserves rebound by $4.8 bn to $702.78 bn after previous week's dip

New Delhi [India], July 6 (ANI): India's foreign exchange reserves (forex) witnessed an uptick of USD 4.8 billion to USD 702.78 billion for the week ending June 27, after a decline in the previous week, official data released by the Reserve Bank of India showed. In the week ending 20 June, forex stood at USD 697.93 billion, down by USD 1.02 billion from the previous week. In the week ending June 27, the major component of the forex reserves, the foreign currency assets, increased by USD 5.75 billion to USD 594.82 billion, the RBI data shows. The Gold reserves, however, witnessed a dip of USD 1.23 billion, standing at USD 84.5 billion, the weekly data revealed. Central banks worldwide increasingly accumulating safe-haven gold in their foreign exchange reserves kitty, and India is no exception. The share of gold maintained by the Reserve Bank of India (RBI) in its foreign exchange reserves has almost doubled since 2021, till recently. In 2023, India added around USD 58 billion to its foreign exchange reserves, contrasting with a cumulative decline of USD 71 billion in 2022. In 2024, the reserves rose by a little over USD 20 billion, touching an all-time high of USD 704.885 billion in end-September 2024. India's foreign exchange reserves (Forex) are sufficient to meet 11 months of the country's imports and about 96 per cent of external debt, said Governor Sanjay Malhotra while announcing the outcome of the Monetary Policy Committee (MPC) decisions. The RBI governor expressed confidence, stating that India's external sector is resilient and key external sector vulnerability indicators are improving. Foreign exchange reserves, or FX reserves, are assets held by a nation's central bank or monetary authority, primarily in reserve currencies such as the US Dollar, with smaller portions in the Euro, Japanese Yen, and Pound Sterling. The RBI often intervenes by managing liquidity, including selling dollars, to prevent steep Rupee depreciation. The RBI strategically buys dollars when the Rupee is strong and sells when it weakens. (ANI)

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