Cryptocurrency Live News & Updates : Smart Money Faces $12.48M Losses on Altcoin Shorts
A smart money address, known as @ai_9684xtpa, is experiencing unrealized losses of $12.48 million after shorting various altcoins, following a recent market rally. In the latest cryptocurrency news, a smart money address has reported significant unrealized losses of $12.48 million due to short positions on altcoins, as the market has surged. Meanwhile, BNB has dipped below 760 USDT, showing only a slight increase of 1.23% in the last 24 hours. On a more positive note, the Blockchain Group has added 22 Bitcoin to its holdings, achieving an impressive 1,373% yield year-to-date, with its total BTC holdings now valued at $233.5 million. Bitcoin itself has seen a modest rise of 1.21% in the past day, trading close to the $120,000 mark. Additionally, the Thai SEC is considering easing testing requirements for retail crypto investors, aiming to reduce burdens while ensuring investment risks are aligned with product risks. Lastly, the Reserve Bank of Australia faces scrutiny as it holds interest rates steady despite weak inflation, with upcoming policy meeting minutes and a speech from Governor Bullock expected to provide clarity on future monetary policy decisions. These developments highlight the dynamic nature of the cryptocurrency market and regulatory landscape. Show more
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Time of India
44 minutes ago
- Time of India
Bitcoin price, Ether today crash: Check BTC, Ethereum (ETH) price target, profit level
Bitcoin prices fell nearly 3 per cent on Friday. Bitcoin was down by three per cent to $115,259, Ether tanked four per cent to $3,596. Meanwhile, blockchain farm operator Bitfarms dropped 4.1 per cent. The crypto market was on fire in July 2025, with BTC smashing through resistance, Ethereum regaining dominance, and XRP reigniting hopes of another explosive rally. Bitcoin (BTC) Price Target Explore courses from Top Institutes in Please select course: Select a Course Category Data Science MCA MBA Data Science Public Policy Artificial Intelligence Operations Management others CXO Data Analytics Digital Marketing Others Healthcare Cybersecurity Degree Management Design Thinking Leadership Technology Product Management Project Management healthcare PGDM Finance Skills you'll gain: Duration: 30 Weeks IIM Kozhikode SEPO - IIMK-AI for Senior Executives India Starts on undefined Get Details Skills you'll gain: Duration: 10 Months E&ICT Academy, Indian Institute of Technology Guwahati CERT-IITG Prof Cert in DS & BA with GenAI India Starts on undefined Get Details Skills you'll gain: Duration: 11 Months IIT Madras CERT-IITM Advanced Cert Prog in AI and ML India Starts on undefined Get Details Skills you'll gain: Duration: 10 Months IIM Kozhikode CERT-IIMK DABS India Starts on undefined Get Details Skills you'll gain: Duration: 11 Months E&ICT Academy, Indian Institute of Technology Guwahati CERT-IITG Postgraduate Cert in AI and ML India Starts on undefined Get Details Bitcoin has entered a new phase of price discovery, recently reaching a fresh all-time high of nearly $118,845. This move has been partially fueled by Donald Trump's latest demand for a dramatic 3 per cent interest rate cut. This could lead institutional capital to invest in Bitcoin as a hedge against market volatility. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like We are Looking for People to try this revolutionary Hearing Aid AudioNova Undo BTC recently broke out of a rectangle consolidation zone, a classic setup that predicts substantial upside gains. Traders using this pattern are eyeing a near-term target of $125,000, with analysts like Metaplanet projecting long-term highs of $ 500,000–$1 million by 2030, supported by strong ETF inflows and broader adoption. BTC Profit Levels: • Short-term: $125,000 • Mid-term: $180,000 • Long-term (2030): $500,000–$1,000,000 With Bitcoin now entirely in the spotlight, attention is also shifting to Ethereum's role in driving the future of DeFi and tokenization. Live Events XRP Price Target Technical Breakout Could Push Price Toward $3.40 Ripple's native token, XRP, is back in bullish territory, rallying over 17% in the past week and breaking through a long-standing descending trendline. The recent surge has been supported by substantial trading volume, giving bulls hope for a move toward its next resistance at $3.3991. XRP's fundamentals are also aligning with macro optimism. Regulatory clarity is slowly improving, and with renewed institutional interest in cross-border settlements, some analysts believe XRP could surpass its previous all-time high in this cycle. XRP Profit Levels: • Short-term: $3.40 • Mid-term: $5.00 • Long-term: $10.00–$25.00 Ethereum (ETH) Price Target Ethereum (ETH): ETF Momentum & Scarcity Narrative Power Bullish Outlook Ethereum has been consolidating around $2,936, but make no mistake, it's gathering steam. With ETH ETFs outperforming and absorbing the majority of net ETH issuance since the Merge, the supply squeeze is becoming real. According to prominent Ethereum advocate Sassal, ETH's current setup is the 'most bullish it's ever been.' ETH is not just a programmable blockchain anymore; it's the backbone of stablecoins, NFTs, and enterprise tokenization. Combine that with Layer-2 adoption and POS-based burn mechanics, and it's clear why many expect ETH to make an aggressive move past $4,000 in Q3 and reach $15,000–$20,000 by 2026. ETH Profit Levels: • Short-term: $3,500–$4,000 • Mid-term: $6,500 • Long-term: $15,000–$20,000 But Ethereum's expansion isn't just about its price; new protocols building on it, like Little Pepe, are set to redefine meme coin culture. FAQs Q1. What are top cryptocurrencies? A1. Top cryptocurrencies are Bitcoin(BTC), XRP, Ethereum (ETH). Q2. What are current prices of Bitcoin? A2. Bitcoin prices fell nearly 3 per cent on Friday. Bitcoin was down by three per cent to $115,259.
Time of India
2 hours ago
- Time of India
Elon Musk reveals why he doesn't like cryptos except Dogecoin
Elon Musk 's SpaceX is believed to have 6,900 Bitcoins worth $810 million but the tech billionaire says he doesn't like crypto currency. A video has surfaced on Twitter (now X), ironically owned by Musk himself, in which Musk says that he won't promote cyrptos, the execption being the Dogecoin. Hillariously, Musk says he is promoting Dogecoin because he likes dogs and memes ! "I'm not going to be promoting crypto, at most, in a joking way. If you see me pumping crypto, it's not me. I do think there's merit in Bitcoin . I've sort of got a soft spot for Dogecoin because I like dogs and memes," he could be heard saying in the video put out by @cb_doge. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like An engineer reveals: One simple trick to get internet without a subscription Techno Mag Learn More Undo Musk's remarks come at a time when Dogecoin is showing signs of a potential price breakout. The coin, trading around $0.234, has seen renewed momentum in recent weeks and is projected to surge by as much as 80% in the coming two months. The optimism stems from a bullish chart pattern called the "double bottom," a technical formation that suggests a possible trend reversal after a sustained downtrend. According to popular crypto analyst Ali Martinez (@ali_charts), if this pattern plays out, Dogecoin could rally toward $0.42 by September . Live Events Musk has played a pivotal role in Dogecoin's rise from meme to mainstream. Often calling it the 'people's crypto,' he has floated the idea of integrating DOGE into his businesses—including X (formerly Twitter) and even Tesla's payment system. Although he hasn't commented on the latest price rally, past evidence shows that even a casual mention from Musk can send the token's value soaring. Dogecoin vs Bitcoin: A Meme With Momentum? Dogecoin, created in 2013 as a satirical take on Bitcoin, has evolved far beyond its joke origins. While Bitcoin remains the gold standard for institutional investment and corporate treasury holdings, Dogecoin is slowly gaining acceptance in the business world. One notable example is Bit Origin (Nasdaq: BTOG), which has reportedly added DOGE to its corporate treasury—highlighting growing confidence in meme-based assets. Meanwhile, Bitcoin recently hit an all-time high of $123,091.61 , reinforcing bullish sentiment across the crypto market and lifting altcoins like Dogecoin in its wake.
Time of India
2 hours ago
- Time of India
Peter Schiff just dropped a bombshell: Gold about to leave crypto in the dust
Peter Schiff Warns: 'Gold Will Leave Crypto in the Dust' - Economist and gold advocate Peter Schiff has once again sparked intense debate in the investment world, claiming that gold is on the verge of outperforming cryptocurrencies in a significant way. In a series of recent interviews, public statements, and market commentaries, Schiff has warned investors that the excitement around Bitcoin and other digital assets is misguided. He believes gold is set to regain its crown as the ultimate safe-haven asset, while crypto will struggle under mounting economic pressures. As the global financial system grapples with inflation, currency debasement, and growing geopolitical tensions, Schiff insists that gold's historical reliability will ultimately leave crypto behind in terms of both performance and trust. Explore courses from Top Institutes in Please select course: Select a Course Category Project Management MBA CXO Management Digital Marketing Public Policy PGDM healthcare Design Thinking Healthcare Data Science Data Science Technology Artificial Intelligence Cybersecurity Others MCA Data Analytics Leadership others Finance Degree Product Management Operations Management Skills you'll gain: Portfolio Management Project Planning & Risk Analysis Strategic Project/Portfolio Selection Adaptive & Agile Project Management Duration: 6 Months IIT Delhi Certificate Programme in Project Management Starts on May 30, 2024 Get Details Skills you'll gain: Project Planning & Governance Agile Software Development Practices Project Management Tools & Software Techniques Scrum Framework Duration: 12 Weeks Indian School of Business Certificate Programme in IT Project Management Starts on Jun 20, 2024 Get Details How is gold performing compared to Bitcoin and crypto ETFs? The numbers so far in 2025 are clear: gold is beating Bitcoin in both price growth and stability. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Many Are Watching Tariffs - Few Are Watching What Nvidia Just Launched Seeking Alpha Read More Undo Year-to-date performance (2025): Gold price has surged over +25% , hitting an all-time high of $3,500 per ounce in April. As of July 2025, it's trading around $3,330–$3,400 . Bitcoin ETFs , such as BlackRock's IBIT, have returned roughly +14.5% year-to-date. Gold ETFs , like SPDR Gold Shares (GLD), have delivered returns closer to +24.4% . Why are central banks buying so much gold in 2025? One of the strongest indicators behind Schiff's confidence is central bank behavior — and the numbers don't lie. Live Events In 2025, central banks are on track to purchase over 1,000 metric tons of gold, according to data from Metals Focus and the World Gold Council. That's more than double the average annual purchases made between 2010 and 2020. Even after 2024's record 1,086 metric tons, central banks are still hungry for gold — showing only a slight 8% drop in buying volume this year. Nearly 95% of reserve managers surveyed by the World Gold Council in 2025 expect gold's share in global reserves to increase, not decrease. Roughly 43% of central banks plan to increase their own gold holdings in the next 12 months. In contrast, Bitcoin continues to be almost entirely absent from global reserve portfolios. No major central bank has yet adopted Bitcoin as a formal reserve asset. Why Schiff says Bitcoin isn't a reliable hedge in 2025 Peter Schiff has long argued that Bitcoin is too volatile to be a store of value, and the current data backs him up. Bitcoin's price volatility remains three times higher than gold's , based on 30-day average swings. In fact, Bitcoin is nearly 7x more volatile than gold on an annualized basis. During economic or geopolitical shocks (like the April 2025 oil shock), gold prices soared, while Bitcoin initially dropped by 6% before bouncing back — a sign that investors still flee to gold first. Schiff calls this a major flaw in the 'Bitcoin as digital gold' narrative. Gold acts like a safe haven. Bitcoin behaves more like a tech stock or meme coin , Schiff said during his controversial appearance at the Bitcoin 2025 conference in Miami. Bitcoin's Image as 'Digital Gold' Under Fire For years, Bitcoin has been branded as 'digital gold'—a decentralized store of value immune to inflation and geopolitical risks. But Schiff sharply rejects this notion, stating that Bitcoin lacks intrinsic value and is driven more by speculative hype than fundamental worth. He has described Bitcoin as a 'decentralized Ponzi scheme' and a 'memecoin for the masses,' pointing out that it has no utility beyond what people believe it has. During moments of global unrest—such as military conflicts or political crises—gold tends to rise in value, while crypto assets often dip. This, Schiff argues, proves that Bitcoin does not behave like gold when it truly matters. Gold vs Crypto: 2025 Performance Snapshot In comparing asset performance this year, Schiff points to gold's strong rally, especially through gold-mining stocks and ETFs. Many gold-related investments have significantly outperformed even the top-performing cryptocurrencies in 2025. Gold miner stocks in particular have seen impressive double-digit gains, while Bitcoin and Ethereum have had more volatile and inconsistent performances. Schiff believes this trend will only accelerate. He argues that crypto's current gains are built on shaky ground—largely fueled by sentiment, meme culture, and speculative momentum—while gold's rally is rooted in real-world demand, institutional investment, and macroeconomic fundamentals. Short-Term Moves: Schiff's Take on Ethereum and Bitcoin In a surprising shift from his traditionally anti-crypto stance, Schiff recently suggested that investors might consider switching from Ethereum to Bitcoin in the short term. He explained this by noting that technical indicators show Bitcoin currently has stronger market momentum compared to Ethereum. However, he quickly followed up this statement by warning investors to exit Bitcoin altogether and move into gold or gold-mining stocks. His reasoning? While Bitcoin may have short-term upside versus other altcoins, it still lacks the long-term stability and value foundation that gold has maintained for centuries. What does Schiff predict for gold in late 2025 and 2026? Peter Schiff isn't just making short-term calls. He believes gold is entering a new long-term supercycle — and analysts are starting to agree. Schiff predicts gold could top $4,000/oz by mid-2026 , as inflation concerns persist and global trust in fiat currencies erodes. JPMorgan and UBS have echoed similar views, setting $3,675–$4,000 price targets for Q4 2025. If the U.S. dollar weakens further and interest rate cuts continue, gold's upside remains strong . Gold-Backed Tokens: Schiff's Digital Pivot Despite being a vocal critic of cryptocurrencies, Schiff isn't completely against digital finance. He's expressed growing interest in gold-backed tokens—digital assets that represent ownership in real, physical gold. Schiff believes these kinds of assets combine the technological advantages of blockchain with the tangible value of gold, offering a far more reliable alternative to fiat-backed stablecoins or speculative cryptocurrencies. He's even hinted at launching his own gold-backed token project, which would allow investors to own fractional gold assets securely via blockchain. This approach reflects a growing demand for trustworthy digital alternatives that are actually tied to real-world value, unlike the often-unbacked tokens circulating in the crypto market. Is Bitcoin losing its edge as digital gold? Despite crossing $105,000 in June, Bitcoin's 2025 performance still trails gold in several critical ways: Schiff points out that Bitcoin is still 15% below its all-time high when priced in gold terms — suggesting that even in 'bullish' crypto conditions, gold is winning the long game. Bitcoin adoption remains retail-driven, while gold is gaining traction with sovereign institutions. To Schiff, this is proof that Bitcoin is not replacing gold — it's competing in a different, more speculative category. Why Schiff Believes Gold Will Win Peter Schiff's main points can be broken down into five key reasons why he believes gold is about to dominate: 1. Centuries of Proven Value Gold has a multi-thousand-year track record as a store of value, while Bitcoin is still relatively new and untested over full economic cycles. 2. Institutional Preference While retail traders may favor crypto for short-term gains, governments and central banks are steadily accumulating gold—not Bitcoin—suggesting where long-term confidence lies. 3. Performance in Crises During recent geopolitical and economic shocks, gold has consistently performed well, while Bitcoin has often dropped in value—challenging its 'safe-haven' status. 4. Asset Backing and Intrinsic Worth Gold is a physical commodity with tangible uses in industry, jewelry, and currency backing. In contrast, crypto is purely digital, with no intrinsic utility beyond its perceived scarcity. 5. Sustainable Market Dynamics The rise in gold prices is fueled by real-world demand and supply constraints. Crypto, on the other hand, often moves based on market sentiment, influencer promotion, or sudden policy announcements. Are investors starting to agree with Schiff? While the crypto community continues to push Bitcoin adoption, mainstream investors and institutions are quietly favoring gold: Gold-backed ETFs have seen net inflows of over $45 billion globally in 2025, the largest since 2020. Meanwhile, Bitcoin ETF inflows have slowed, with many investors citing regulatory risks, energy concerns, and high volatility. Even major hedge funds like Bridgewater, BlackRock, and Ray Dalio's camp have increased gold exposure this year — while keeping crypto allocations flat or trimmed. A Balanced Investment Perspective While Schiff's outlook strongly favors gold, many financial analysts recommend a balanced investment strategy. Crypto continues to offer high potential returns, particularly for risk-tolerant investors looking for short- to medium-term gains. Meanwhile, gold remains a reliable long-term hedge against inflation and currency debasement. Investors may consider holding a diversified portfolio that includes both assets—allocating more weight to gold for stability, and a smaller portion to crypto for speculative growth potential. Schiff's warnings are particularly important for those who are overexposed to digital assets without a fallback. Gold-Backed Digital Assets: The Best of Both Worlds? As the finance industry evolves, more investors are exploring hybrid solutions—especially gold-backed cryptocurrencies or tokenized assets. These allow users to enjoy the transparency and speed of blockchain while maintaining the value security of gold. This trend aligns with Schiff's prediction that digital finance will not disappear—but it must be rooted in real, tangible value to be sustainable. The future, he argues, isn't crypto or gold. It may be a blend of both—with gold still setting the standard. Is gold really outperforming crypto in 2025? According to both the data and sentiment in 2025, yes — gold is having a stronger year than Bitcoin. Metric Gold Bitcoin / Crypto ETFs Central bank demand 1,000+ metric tons/year 0 official reserve adoption YTD 2025 price return +25% +14.5% Volatility Low (~1/3 of BTC volatility) Very high (tech-stock behavior) ETF inflows $45+ billion Slowing, uneven 2025 price target $3,675–$4,000 per ounce Uncertain, wide estimates Peter Schiff's recent statement that 'gold will leave crypto in the dust' may sound provocative, but it reflects growing concerns about the long-term viability of digital assets. With central banks accumulating gold, gold prices outperforming many crypto assets, and macroeconomic instability on the rise, Schiff's call to return to fundamentals is gaining traction. Whether or not you agree with his stance, his message is clear: in times of uncertainty, gold shines—and Schiff believes its luster will soon outshine crypto's digital dazzle. FAQs: Q1. Why does Peter Schiff believe gold will outperform crypto in 2025? Because gold is more stable, widely trusted, and backed by central banks, unlike volatile cryptocurrencies. Q2. What makes gold a better safe-haven asset than Bitcoin, according to Schiff? Gold performs better during crises and has real, long-term value—not just market hype.
