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New Indian Express
13-06-2025
- Business
- New Indian Express
Crypto sees 10.3% surge in May; second half of 2025 remains optimistic
BANGALURU: Despite uncertainty in global trade policies, the crypto market maintained its upward momentum in May 2025 as it gained 10.3% month-on-month, according to Binance Research, the research and analysis arm of Binance. Bitcoin performed strongly as it surged 11.1% in May and reached an all-time high of $111,970 before experiencing a slide for the fourth day in a row on Friday. Riya Sehgal, Research Analyst, Delta Exchange said Bitcoin's breakdown below the $105K–$106K support zone and rejection at $110.5K confirm a short-term trend reversal. Price structure shows a clean lower high and lower low, with $103K under pressure. A failure here exposes $101.5K and $100K. "Ethereum is showing relative weakness, retracing from $2,860 to $2,500, breaking below recent support at $2,640. Structure invalidated, with downside risk toward $2,460 and $2,360 if $2,500 fails to hold. The sell-off follows geopolitical escalation in the Middle East, triggering over $1.4B in liquidations, predominantly long positions. Crypto moved in tandem with broader risk-off sentiment, while oil surged over 7%. Despite near-term technical weakness, ETF flows remain constructive. BlackRock's spot ETFs added 2,650 BTC and 36,640 ETH on June 12," he added. On Friday, Bitcoin was trading below $1,05,000, down nearly 1% over the last 24 hours.
Yahoo
05-06-2025
- Business
- Yahoo
Corporate Bitcoin Holdings Nears $85B, More Than Doubling in a Year
Bitcoin BTC has taken deeper root in corporate treasuries, with 116 public companies now holding a combined 809,100 BTC, worth around $85 billion based on current prices, at the end of May. That's a dramatic rise from 312,200 BTC held a year ago in corporate treasuries, according to Binance Research's latest report. Nearly 100,000 BTC has been added since early April alone. The surge appears driven by a mix of rising prices and structural tailwinds. Donald Trump adopted a pro-crypto stance during his 2024 presidential campaign, vowing to make the U.S. a global hub for the asset class and create a 'crypto capital of the planet.' Since Trump took office he has moved to establish a Strategic Bitcoin Reserve and a U.S. Digital Asset Stockpile, while the U.S. Securities and Exchange Commission has dropped numerous lawsuits against major crypto firms.. Binance's report shows that bitcoin treasury accumulation grew in November, when Trump won the election. Adding to that, new fair-value accounting rules introduced by the Financial Account Standards Board (FASB) this year allow companies to recognize gains on BTC holdings, removing a longstanding deterrent. Newer entrants including GameStop (GME) and PSG have recently started accumulating BTC as a well, yet Strategy still holds the lion's share of BTC in corporate treasuries, with over 70% of holdings. Some companies are also tiptoeing into other assets. SharpLink holds $425 million in ETH, while DeFi Development and Classover are betting on solana SOL. China-based firm Webus recently filed for a $300 million XRP strategic reserve. Still, these altcoin holdings remain relatively small and are often tied to firms trying to rebrand as token-forward entities, Binance noted. Binance's report also flagged the rapid rise of tokenized real-world assets (RWAs), which have climbed more than 260% from $8.6 billion to $23 billion this year. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
24-02-2025
- Business
- Yahoo
Binance Research Survey Shows 95% of Latin American Crypto Users Plan to Buy More in 2025
A vast majority of Latin American cryptocurrency users—95%—plan to expand their holdings in 2025, according to a Binance Research survey of more than 10,000 investors in Argentina, Brazil, Colombia, and Mexico. The findings show that 40.1% of respondents are expecting to buy more crypto within the next three months, 15.3% are looking to do so in the next six months, and 39.7% within 12 months. Only 4.9% have no plans to keep on investing this year. Latin America led the world in crypto adoption in 2024, growing by 116%, according to research from payments firm Triple-A quoted in the report. The region now has 55 million cryptocurrency users, making up nearly 10% of total cryptocurrency users. This rapid expansion has been fueled by rising asset prices, regulatory advancements, and new financial products like spot bitcoin exchange-traded funds (ETFs). Brazil has just last week become the first country to approve a spot XRP ETF. Market performance has also bolstered investor confidence. "Latin America is a rapidly expanding region for the crypto sector, and the results of this research reinforce what we have observed in our operations,' Binance's regional VP for Latin America, Guilherme Nazar, said. Binance's research shows that half of those inquired already use cryptocurrencies for over a year, with most entering the space expecting significant returns and searching for financial freedom. Portfolio diversification, privacy, and protecting their money were also quoted as motives to invest in the space. Read more: How a $115M Crypto Fund With Big Ambitions Plans to Invest In Latin America Sign in to access your portfolio
