Latest news with #AvinashShekhar
Economic Times
14 hours ago
- Business
- Economic Times
Foodlink F&B files papers for IPO
The company's businesses include events catering, casual dining restaurants and cloud kitchens, and banquets and integrated F&B (food and beverage) services. Synopsis The offer consists of a fresh issue of ₹160 crore and an offer for sale of 12 million shares. The company's businesses include events catering, casual dining restaurants and cloud kitchens, and banquets and integrated F&B (food and beverage) services. Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Cyient shares fall over 9% after Q4 profit declines, core business underperforms Cyient shares fall over 9% after Q4 profit declines, core business underperforms L&T Technology Services shares slide 7% after Q4 profit dips L&T Technology Services shares slide 7% after Q4 profit dips Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? SEBI warns of securities market frauds via YouTube, Facebook, X and more SEBI warns of securities market frauds via YouTube, Facebook, X and more API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders Security, transparency, and innovation: What sets Pi42 apart in crypto trading Security, transparency, and innovation: What sets Pi42 apart in crypto trading Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains The rise of Crypto Futures in India: Leverage, tax efficiency, and market maturity, Avinash Shekhar of Pi42 explains NEXT STORY
Time of India
4 days ago
- Business
- Time of India
Crypto rally builds: Bitcoin crosses $108K briefly; Ether, altcoins mixed amid caution
Bitcoin continued its upward momentum on Thursday, briefly surpassing the $108,000 mark as geopolitical tensions eased and institutional participation in crypto assets showed signs of strengthening. As of 11:50 am IST, the world's leading cryptocurrency was trading at $107,800, up 1.5 per cent on the day, after touching a daily high of $108,305, according to Economic Times. Ethereum also posted gains, rising 1.8 per cent to trade at $2,481. The total cryptocurrency market capitalisation rose by 1 per cent to reach $3.3 trillion, as per CoinMarketCap data. Among altcoins, XRP, BNB, Chainlink, and Litecoin recorded modest gains of up to 1 per cent. However, others—including Solana, Tron, Dogecoin, Cardano, Hyperliquid, Sui, Avalanche, and Toncoin—saw declines of up to 2.5 per cent, indicating cautious sentiment among retail traders. "The crypto market is finding its footing with a cautiously optimistic undertone," said Avinash Shekhar, Co-Founder & CEO of Pi42. "Bitcoin has climbed over 3 per cent in the past seven days, showing firm support from market participants. A retest of the $110,000 level seems likely if current levels hold," he added, speaking to Economic Times . by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like This may be of interest to you! Undo Sathvik Vishwanath, Co-Founder & CEO of Unocoin, observed, "Bitcoin shows signs of an impending breakout, with elevated open interest and neutral funding rates. Liquidation clusters between $106K and $110K suggest potential for stop-hunts. A decisive move above $108.5K could trigger momentum toward $112K–$115K." Vikram Subburaj, CEO of Giottus, noted that Friday's $20 billion options expiry could lead to increased market volatility. "Order book data shows rising interest near $111,000. However, $104,000 remains the key level to watch on the downside," he said. Institutional buying has added to the bullish momentum. BlackRock ETFs reportedly acquired 3,210 BTC and 22,550 ETH, while Japanese investment firm Metaplanet purchased 1,234 BTC worth $132.7 million—surpassing Tesla's Bitcoin holdings. Separately, GameStop raised $450 million through zero-interest notes and announced its intention to allocate a portion of the funds to Bitcoin as a reserve asset. However, regulatory concerns persist. Barclays Bank will implement a ban on cryptocurrency purchases via credit cards starting June 27, a move expected to affect retail investor accessibility in the UK. According to the CoinDCX research team, Bitcoin's strength is lifting overall sentiment. "Bitcoin's positive influence on market sentiment is clear, with certain altcoins like Pi, Kaspa, and Bitcoin Cash showing significant gains. The overall market trend remains largely stable, setting the stage for the next bullish wave," the team said. Meanwhile, some previously high-performing tokens such as Sei, Fartcoin, Stacks, and Curve DAO Token saw sharp declines of 8–10 per cent, likely due to profit-taking. Ethereum held firm above $2,470, with analysts expressing confidence in a possible move toward $2,800. "ETF flows for Ether have been strong, though futures data shows some caution among traders," added Shekhar of Pi42. Looking ahead, analysts expect the market to trade within a narrow range, driven by technical indicators and liquidity conditions, until new macroeconomic data- particularly inflation-related- comes into play. "Stay alert for volatility expansion," Vishwanath cautioned. "The market is coiled for a breakout." Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
4 days ago
- Business
- Time of India
Crypto Price Today: Bitcoin crosses $108,000 as bulls regain control; Altcoins trade mixed
Bitcoin extended its upward momentum on Thursday, briefly climbing past the $108,000 mark amid easing geopolitical tensions and signs of renewed institutional interest. As of 11:50 am IST, the world's largest cryptocurrency was trading at $107,800, up 1.5%, after hitting an intraday high of $108,305. Ethereum, the second-largest digital asset, also posted gains, rising 1.8% to $2,481. The overall crypto market capitalisation advanced by 1% to touch $3.3 trillion, according to CoinMarketCap data. Crypto Tracker TOP COIN SETS Crypto Blue Chip - 5 1.50% Buy NFT & Metaverse Tracker -0.80% Buy DeFi Tracker -1.97% Buy AI Tracker -2.17% Buy Web3 Tracker -3.93% Buy TOP COINS (₹) Ethereum 213,130 ( 1.61% ) Buy Bitcoin 9,249,460 ( 1.21% ) Buy BNB 55,474 ( 0.19% ) Buy XRP 188 ( 0.08% ) Buy Solana 12,429 ( -1.18% ) Buy Among major altcoins, XRP, BNB, Chainlink, and Litecoin registered marginal gains of up to 1%. However, Solana, Tron, Dogecoin, Cardano, Hyperliquid, Sui, Avalanche, and Toncoin slipped by as much as 2.5%, reflecting cautious sentiment among retail traders. 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 » 'The crypto market is finding its footing with a cautiously optimistic undertone,' said Avinash Shekhar, Co-Founder & CEO, Pi42. 'Bitcoin has climbed over 3% in the past seven days, showing firm support from market participants. A retest of the $110,000 level seems likely if current levels hold.' Sathvik Vishwanath, Co-Founder & CEO of Unocoin, highlighted that Bitcoin appears primed for a breakout, with open interest elevated and funding rates near neutral. 'Liquidation clusters between $106K and $110K suggest potential for stop-hunts. A decisive move above $108.5K could trigger momentum toward $112K–$115K,' he noted. Vikram Subburaj, CEO of Giottus, added that the upcoming $20 billion options expiry on Friday could inject further volatility. 'Order book data shows rising interest near $111,000. However, $104,000 remains the key level to watch on the downside,' he said. Recent data points to growing institutional interest in crypto assets. BlackRock ETFs reportedly added 3,210 BTC and 22,550 ETH, while Japanese firm Metaplanet purchased 1,234 BTC worth $132.7 million, overtaking Tesla's Bitcoin holdings. Meanwhile, GameStop raised another $450 million via zero-interest notes and plans to allocate some funds to Bitcoin as a reserve asset. However, the regulatory environment remains complex. Barclays Bank has announced a ban on credit card crypto purchases effective 27 June, raising concerns about access restrictions for retail investors. The CoinDCX research team observed that Bitcoin's strength is bolstering broader market sentiment, with some altcoins like Pi, Kaspa, and Bitcoin Cash registering notable gains. 'The overall market trend remains largely stable, setting the stage for the next bullish wave,' the team said. On the flip side, recent high-fliers such as Sei, Fartcoin, Stacks, and Curve DAO Token saw sharp pullbacks of 8–10%, pointing to profit booking in select segments. Ethereum continued to trade steadily above $2,470, with analysts noting growing optimism over a potential breakout toward the $2,800 level. 'ETF flows for Ether have been strong, though futures data shows some caution among traders,' Shekhar of Pi42 added. With no major macroeconomic triggers expected until fresh inflation data, analysts believe the crypto market will likely trade in a tight range in the near term, driven by technicals and liquidity dynamics. "Stay alert for volatility expansion,' Vishwanath advised. 'The market is coiled for a breakout.' ( 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
4 days ago
- Business
- Economic Times
Crypto Price Today: Bitcoin crosses $108,000 as bulls regain control; Altcoins trade mixed
Bitcoin extended its upward momentum on Thursday, briefly climbing past the $108,000 mark amid easing geopolitical tensions and signs of renewed institutional interest. ADVERTISEMENT As of 11:50 am IST, the world's largest cryptocurrency was trading at $107,800, up 1.5%, after hitting an intraday high of $108,305. Ethereum, the second-largest digital asset, also posted gains, rising 1.8% to $2,481. The overall crypto market capitalisation advanced by 1% to touch $3.3 trillion, according to CoinMarketCap data. Among major altcoins, XRP, BNB, Chainlink, and Litecoin registered marginal gains of up to 1%. However, Solana, Tron, Dogecoin, Cardano, Hyperliquid, Sui, Avalanche, and Toncoin slipped by as much as 2.5%, reflecting cautious sentiment among retail traders.'The crypto market is finding its footing with a cautiously optimistic undertone,' said Avinash Shekhar, Co-Founder & CEO, Pi42. 'Bitcoin has climbed over 3% in the past seven days, showing firm support from market participants. A retest of the $110,000 level seems likely if current levels hold.'Sathvik Vishwanath, Co-Founder & CEO of Unocoin, highlighted that Bitcoin appears primed for a breakout, with open interest elevated and funding rates near neutral. 'Liquidation clusters between $106K and $110K suggest potential for stop-hunts. A decisive move above $108.5K could trigger momentum toward $112K–$115K,' he noted. ADVERTISEMENT Vikram Subburaj, CEO of Giottus, added that the upcoming $20 billion options expiry on Friday could inject further volatility. 'Order book data shows rising interest near $111,000. However, $104,000 remains the key level to watch on the downside,' he said. Recent data points to growing institutional interest in crypto assets. BlackRock ETFs reportedly added 3,210 BTC and 22,550 ETH, while Japanese firm Metaplanet purchased 1,234 BTC worth $132.7 million, overtaking Tesla's Bitcoin holdings. Meanwhile, GameStop raised another $450 million via zero-interest notes and plans to allocate some funds to Bitcoin as a reserve asset. ADVERTISEMENT However, the regulatory environment remains complex. Barclays Bank has announced a ban on credit card crypto purchases effective 27 June, raising concerns about access restrictions for retail CoinDCX research team observed that Bitcoin's strength is bolstering broader market sentiment, with some altcoins like Pi, Kaspa, and Bitcoin Cash registering notable gains. 'The overall market trend remains largely stable, setting the stage for the next bullish wave,' the team said. ADVERTISEMENT On the flip side, recent high-fliers such as Sei, Fartcoin, Stacks, and Curve DAO Token saw sharp pullbacks of 8–10%, pointing to profit booking in select continued to trade steadily above $2,470, with analysts noting growing optimism over a potential breakout toward the $2,800 level. 'ETF flows for Ether have been strong, though futures data shows some caution among traders,' Shekhar of Pi42 added. ADVERTISEMENT With no major macroeconomic triggers expected until fresh inflation data, analysts believe the crypto market will likely trade in a tight range in the near term, driven by technicals and liquidity dynamics."Stay alert for volatility expansion,' Vishwanath advised. 'The market is coiled for a breakout.' (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Economic Times
5 days ago
- Business
- Economic Times
BSE fined Rs 25 lakh for 'unequal' access to corporate disclosures
BSE must have internal controls on how to manage and handle such corporate announcements. Synopsis Sebi has imposed a ₹25 lakh fine on the BSE for its failure to ensure equitable and transparent access to corporate disclosures for all stakeholders. The exchange also exhibited deficiencies in its monitoring of client code modifications. This regulatory action highlights concerns regarding impartiality and internal controls within the BSE's listing compliance monitoring processes. BSEdisclosuressubscribersLCMinvestors Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Cyient shares fall over 9% after Q4 profit declines, core business underperforms Cyient shares fall over 9% after Q4 profit declines, core business underperforms L&T Technology Services shares slide 7% after Q4 profit dips L&T Technology Services shares slide 7% after Q4 profit dips Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? SEBI warns of securities market frauds via YouTube, Facebook, X and more SEBI warns of securities market frauds via YouTube, Facebook, X and more API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders Security, transparency, and innovation: What sets Pi42 apart in crypto trading Security, transparency, and innovation: What sets Pi42 apart in crypto trading Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains The rise of Crypto Futures in India: Leverage, tax efficiency, and market maturity, Avinash Shekhar of Pi42 explains NEXT STORY
