Latest news with #BitgetResearch
Yahoo
4 days ago
- Business
- Yahoo
Crypto Trader Sees Bitcoin Hitting $160K by Year-End; ETH, SOL, ADA to Gain on Middle East Truce
Bitcoin BTC is back above $106,000 after dipping below five figures earlier this week, as global markets steadied on signs that a ceasefire between Israel and Iran is holding. Meanwhile, Ether ETH traded at $2,400, up 0.5% on the day, approaching resistance near $2,450. Dogecoin DOGE hovered at 16 cents after a minor 0.6% rise, while Solana's SOL SOL dipped to $145, down 0.2%. Cardano's ADA ADA slid nearly 1.3% to 58 cents after briefly testing the 60 cents level earlier in the week. Ryan Lee, chief analyst at Bitget Research, said BTC's inability to stabilize immediately after its initial drop below $99,000 signaled lingering caution, even as ETF inflows — now totaling $46 billion — continue to provide structural support. 'Its potential as a safe-haven shines through, but tempered risk appetite delays recovery,' Lee said. Despite this, Lee sees bitcoin hitting $110,000–$115,000 by Q3 and potentially $130,000–$160,000 by year-end. Lee expects ether to be in the $2,600–$2,800 in the near term and as high as $5,500 longer term. The rebound comes amid a broader shift in risk sentiment. U.S. equity futures edged higher on Wednesday, building on the Nasdaq 100's record close the previous session, while Asian stocks extended their two-day rally. Treasuries firmed and the dollar steadied after Federal Reserve Chair Jerome Powell said 'many paths are possible' for monetary policy, reinforcing bets on interest rate cuts as consumer confidence weakens. Bitcoin's recovery after its weekend fall has reignited debate over whether it's maturing into a true safe-haven asset or simply responding to macro tailwinds and ETF-driven flows. 'Bitcoin's status as a safe-haven asset is still taking shape,' said Gadi Chait, head of investment at Xapo Bank. 'Its V‑shaped recovery back above $105K in under 48 hours after falling into the nineties highlights its growing liquidity and integration into mainstream portfolios.' Chait added that while geopolitical shocks often spark a flight to cash, recent cycles show that institutional bids now help shallow the dips and accelerate rebounds. Sign in to access your portfolio
Time of India
16-06-2025
- Business
- Time of India
XRP could hit $5 by 2025, Solana eyes $300: Bitget analyst explains what's driving the rally
Solana and XRP saw strong gains on Monday, driven by rising institutional interest and positive momentum in the broader crypto market. Solana surged 8% to $156.9, while XRP gained 2.5% to reach $2.20 in intraday trade. According to Ryan Lee, Chief Analyst at Bitget Research , XRP's rally is being fuelled by significant corporate allocations, with institutional treasuries holding over $470 million worth of the token. 'Firms like Webus International ($300 million), VivoPower ($121 million), and Wellgistics ($50 million) have allocated sizeable amounts to XRP,' Lee said, highlighting its appeal as a low-cost, high-speed settlement solution. Crypto Tracker TOP COIN SETS DeFi Tracker -1.73% Buy BTC 50 :: ETH 50 -2.60% Buy Smart Contract Tracker -3.47% Buy NFT & Metaverse Tracker -7.59% Buy Web3 Tracker -8.68% Buy TOP COINS (₹) Solana 13,453 ( 7.87% ) Buy Ethereum 225,656 ( 4.21% ) Buy Bitcoin 9,207,211 ( 1.82% ) Buy XRP 189 ( 1.69% ) Buy BNB 56,422 ( 1.33% ) Buy He added that this growing corporate interest reflects greater regulatory clarity and rising demand, creating the conditions for a long-term uptrend. 'With XRP trading around $2.20, continued institutional buying and momentum from potential ETF listings could drive the price toward $3 to $5 by June 2025—although legal developments will remain a key factor.' 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 » Also Read: How can anyone consider Bitcoin to be a digital version of gold, questions Peter Schiff Meanwhile, Solana is also attracting renewed investor attention. The token is hovering near $155, underpinned by strong fundamentals. On-chain data show Solana's application revenues exceeded $1.2 billion in Q1, and futures open interest is rising—signalling both speculative and institutional participation. 'Despite intermittent technical setbacks, Solana's ecosystem continues to expand,' Lee noted. 'With ETF support and ecosystem growth, SOL could rally toward $200–$250 in the near term, and potentially test $300 if current momentum sustains.' While the outlook for both altcoins appears promising, analysts advise investors to remain cautious of regulatory risks and potential network disruptions. Also Read: Civil War has begun! Rich Dad Poor Dad author Robert Kiyosaki warns of global chaos, backs Bitcoin as the only safe haven
Economic Times
16-06-2025
- Business
- Economic Times
XRP could hit $5 by 2025, Solana eyes $300: Bitget analyst explains what's driving the rally
Tired of too many ads? Remove Ads Crypto TrackerPowered By TOP COINS TOP COIN SETS Solana 13,457.87 ( 8.14 %) Buy Ethereum 2,25,649 ( 4.29 %) Buy XRP 189.33 ( 1.96 %) Buy Bitcoin 92,05,220 ( 1.85 %) Buy BNB 56,422 ( 1.34 %) Buy Tired of too many ads? Remove Ads Solana and XRP saw strong gains on Monday, driven by rising institutional interest and positive momentum in the broader crypto surged 8% to $156.9, while XRP gained 2.5% to reach $2.20 in intraday to Ryan Lee, Chief Analyst at Bitget Research , XRP's rally is being fuelled by significant corporate allocations, with institutional treasuries holding over $470 million worth of the token. 'Firms like Webus International ($300 million), VivoPower ($121 million), and Wellgistics ($50 million) have allocated sizeable amounts to XRP,' Lee said, highlighting its appeal as a low-cost, high-speed settlement added that this growing corporate interest reflects greater regulatory clarity and rising demand, creating the conditions for a long-term uptrend. 'With XRP trading around $2.20, continued institutional buying and momentum from potential ETF listings could drive the price toward $3 to $5 by June 2025—although legal developments will remain a key factor.'Also Read: How can anyone consider Bitcoin to be a digital version of gold, questions Peter Schiff Meanwhile, Solana is also attracting renewed investor attention. The token is hovering near $155, underpinned by strong fundamentals. On-chain data show Solana's application revenues exceeded $1.2 billion in Q1, and futures open interest is rising—signalling both speculative and institutional participation.'Despite intermittent technical setbacks, Solana's ecosystem continues to expand,' Lee noted. 'With ETF support and ecosystem growth, SOL could rally toward $200–$250 in the near term, and potentially test $300 if current momentum sustains.'While the outlook for both altcoins appears promising, analysts advise investors to remain cautious of regulatory risks and potential network Read: Civil War has begun! Rich Dad Poor Dad author Robert Kiyosaki warns of global chaos, backs Bitcoin as the only safe haven
Yahoo
24-05-2025
- Business
- Yahoo
Bitcoin Breaks $111,000 As Experts Hail 'Regime Shift'
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Even as Bitcoin (CRYPTO: BTC) has hit a new all-time high above $111,000, driven by surging institutional demand, tightening supply, and macroeconomic tailwinds, experts caution the rally isn't without structural risks, including the looming threat of quantum computing. What Happened: Bitcoin surged to a new record of $111,544 on Wednesday, extending its post-halving uptrend and highlighting its growing appeal to institutions amid dovish macro signals. The cryptocurrency was last trading at $111,000, up roughly 1% for the day. The broader market also gained, with Ethereum (CRYPTO: ETH), Solana (CRYPTO: SOL), XRP (CRYPTO: XRP), and BNB (CRYPTO: BNB) up 5%, 6%, 3.4%, and 4.6%, respectively. Trending: — no wallets, just price speculation and free paper trading to practice different strategies. However, market sentiment at 72 nears extreme greed, making growth susceptible to pullbacks, especially amid a U.S. government bond sell-off. What Experts Are Saying: Analysts say the rally is being powered by real spot demand and record ETF inflows, not leverage or hype. Bitget Research's Chief Analyst Ryan Lee said the rally "reflects a regime shift," citing ETF-driven accumulation and a post-halving supply crunch. "Institutional adoption is accelerating, and regulatory clarity, particularly progress on the GENIUS Act is reinforcing market confidence," Lee noted, although he warned that "a stronger U.S. dollar or fresh geopolitical tensions could easily knock momentum off course." The rally has pushed the total crypto market capitalization briefly past $3.5 trillion. Still, FxPro's Alex Kuptsikevich cautioned that the absence of FOMO means growth may remain fragile. "Sentiment at 72 is near the extreme greed zone. That often precedes corrective pullbacks," he said. Bitfinex analysts noted the breakout above $109,500 was driven by "clean spot demand, ETF inflows, and a macro backdrop that favors risk-on assets." They added that funding rates remain stable and open interest is rising in line with price—hallmarks of a structurally sound Next: Yet, not all analysts are focused on short-term price moves. David Carvalho, CEO of Naoris Protocol, warned that quantum computing is a "credible existential threat" to Bitcoin's long-term integrity. "There are over 100 quantum machines operational globally. With Shor's algorithm, they could break Bitcoin's cryptography," he said, referencing the Elliptic Curve Digital Signature Algorithm that secures the majority of BTC. "Roughly 30% of Bitcoin sits in wallets vulnerable to quantum attacks." Carvalho noted that while major institutions like BlackRock (NYSE:BLK) and agencies such as the NSA are preparing for a quantum-secure future, "investors remain overconfident in the current cryptographic defenses." He added, "If even one high-profile wallet is compromised, trust in the system could collapse overnight." Roshan Robert, U.S. CEO of OKX, emphasized the broader context: "Bitcoin's rise isn't just speculative. It reflects how capital preservation is being redefined across institutions and sovereigns." With price targets between $114,000 and $125,000 being flagged by several analysts as the next resistance zones, the immediate focus remains on ETF flows and macro data, including U.S. labor figures and central bank remarks later this week. Read Next: New to crypto? Get up to $400 in rewards for successfully completing short educational courses and making your first qualifying trade on Coinbase. A must-have for all crypto enthusiasts: Sign up for the Gemini Credit Card today and earn rewards on Bitcoin Ether, or 60+ other tokens, with every purchase. Image: Shutterstock Send To MSN: Send to MSN This article Bitcoin Breaks $111,000 As Experts Hail 'Regime Shift' originally appeared on 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
Time of India
22-05-2025
- Business
- Time of India
Bitcoin crosses $111,000 amid ETF inflows, but can the rally hold?
Synopsis According to Ryan Lee, Chief Analyst at Bitget Research, Bitcoin's recent rally is being driven by strong institutional demand, a post-halving supply shortage, and increasing regulatory clarity. 'Spot Bitcoin ETF inflows are steadily rising, and the post-halving supply crunch is clearly intensifying market dynamics,' he noted.
