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Economic Times
7 days ago
- Business
- Economic Times
Crypto price today: Bitcoin holds steady near $107k amid $40 billion options expiry
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Bitcoin traded slightly lower on Friday, hovering near the $107,400 level ahead of a massive options expiry event that could inject fresh volatility into the market. As of 11:50 am IST, the world's largest cryptocurrency was down 0.2% at $107,418, after hitting an intraday low of $106, the second-largest digital asset, slipped 1.4% to $2,437, contributing to a broader decline in crypto markets. According to CoinMarketCap data, the total cryptocurrency market capitalisation dropped 0.7% to $3.28 altcoins also witnessed a pullback. XRP led the losses among majors, falling 4%, while BNB, Solana, Tron, Dogecoin, Cardano, Hyperliquid, Sui, Chainlink, and Stellar declined up to 3%.Vikram Subburaj, CEO of Giottus, said Bitcoin is holding below $108,000 with a retest of key support levels in play. 'Order book data shows concentrated sell pressure above current levels, while fresh bid liquidity near $105,700—around the 50-day moving average—is emerging as a potential buying zone. With whales adding exposure and long liquidations clustered near $107,000, short-term volatility may persist, but the underlying structure still favours accumulation over distribution,' he also noted that the $40 billion options expiry scheduled for Friday could bring sharp price moves. Nearly 40% of the contracts are set to expire, with a max pain point at $102,000, raising the risk of a downside drift if bulls fail to defend $105, CoinSwitch Markets Desk highlighted diverging investor behaviour in on-chain data. 'Retail investors holding less than 1 BTC have trimmed their holdings by 54,500 BTC over the past year, averaging outflows of 220 BTC per day. In contrast, large holders with 1,000 BTC or more have accumulated 507,700 BTC, with average daily inflows of 1,460 BTC—signalling strong institutional confidence,' the desk added that Ethereum continues to show weakness, slipping 2.5% to around $2, Maradiya, Founder & Chairman of CIFDAQ, pointed to macro and ETF-related drivers behind Bitcoin's resilience. 'Bitcoin has soared past $107,000 amid weakening dollar strength (DXY at 97.11) and record ETF inflows—$340 million to BlackRock's IBIT alone on June 25. With 72% of the BTC supply now illiquid, the stage is set for a supply shock rally,' he also flagged Japan's Metaplanet surpassing Tesla as the fifth-largest corporate BTC holder with 12,345 BTC, mirroring MicroStrategy's strategy in Asia-Pacific. 'Hong Kong is pushing forward with tokenised real-world asset regulations starting August 1, which could lead the next wave of innovation from the East,' he Vishwanath, Co-Founder & CEO of Unocoin, said Bitcoin continues to trade with a bullish undertone despite volatility. 'Support lies strong at $100K, while resistance is seen near $108K. If BTC holds above $100K, it could test $112K soon. ETF flows and institutional interest remain key drivers. The Fear & Greed Index currently shows 'Greed,' indicating strong sentiment but also potential for pullback,' he sees short-term targets in the $104K–$108K range, while long-term projections remain optimistic, with year-end estimates ranging from $150K to $ the regulatory front, a U.S. district court denied a joint request from the SEC and Ripple seeking an indicative ruling to reduce a $125 million civil penalty. Meanwhile, asset manager Invesco filed to launch a spot Solana ETF, becoming the ninth player to do so.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
News18
23-06-2025
- Business
- News18
Bitcoin Falls 5% To $100K As Israel-Iran Conflict Shakes Global Markets
Last Updated: Bitcoin Price Prediction: As of now, Bitcoin trades just above $101,300, with immediate resistance at $105,400. Bitcoin Price Prediction: Bitcoin, which had stayed comfortably above the $100,000 mark for weeks, entered a bearish phase over the weekend as escalating geopolitical tensions in the Middle East rattled global markets. For the first time in nearly two months, the price slipped down to the $100,000 level, signaling a shift in momentum amid rising uncertainty. The drop came after the U.S. backed Israeli strikes on Iran's nuclear and military facilities under 'Operation Rising Lion." According to CoinMarketCap, Bitcoin was trading at $101,210 at the time of writing, down nearly 5% over the past seven days. The broader crypto market mirrored this decline, with major altcoins such as Ethereum, XRP, Cardano, Solana, and Dogecoin also registering significant losses. Ethereum, in particular, slipped below $2,200 as spot ETH ETFs recorded their highest monthly outflows. BinanceCoin managed to stay resilient above $600, while tokens like Story and Four defied the trend, surging over 14% and 8%, respectively. Meanwhile, altcoins such as Jito, Mantle, and Render declined over 5-6%. Himanshu Maradiya, Founder & Chairman, CIFDAQ said After 6 weeks above $100K, Bitcoin has plunged below key support as U.S. strikes on Iran's nuclear sites spook global markets. CoinSwitch Markets Desk noted that Bitcoin took initial support around the $98,200 level over the weekend. Analysts said that if Iran escalates the conflict further—especially by threatening to close the Strait of Hormuz—Bitcoin could test deeper support in the $94,000 to $98,000 range. However, the daily chart is also forming a bullish inverse head and shoulders pattern, which could push BTC to $135,000 if tensions ease. More than $1 billion in crypto positions were liquidated during the weekend, triggering fear in the market, noted CoinDCX Team. Despite the sell-off, institutional investors saw an opportunity. Japanese firm Metaplanet bought 1,111 BTC, Cardone Capital added 1,000 BTC, and MicroStrategy reportedly plans additional purchases. Notably, BlackRock's spot Bitcoin ETFs scooped up 11,638 BTC this week, against an average mining output of just 3,150 BTC—hinting at a looming supply crunch. Edul Patel, CEO of Mudrex, said Bitcoin has started to recover, bouncing 3% from weekend lows. He added, 'With long-term holders stepping in and short-term traders pulling back, we might be near a market bottom. The $100K level remains a key psychological and technical support." As of now, Bitcoin trades just above $101,300, with immediate resistance at $105,400. First Published: June 23, 2025, 10:36 IST
News18
13-06-2025
- Business
- News18
Bitcoin Falls 4% After Israel's Attack On Iran, Ethereum Drops 9.6%
Last Updated: Cryptocurrencies witness a steep decline following reports of Israeli airstrikes on Iran, escalating tensions in the Middle East and triggering a broad risk-off sentiment. Bitcoin, the world's biggest cryptocurrency, declined by over 4% to $104,000 in the morning trade on Friday, even as cryptocurrency markets witnessed a steep decline late last night following reports of Israeli airstrikes on Iran, escalating tensions in the Middle East and triggering a broad risk-off sentiment. Ethereum also plummeted by 9.6%. Other cryptos Solana, XRP, and BNB also fell by 9.62%, 5.42%, and 2.65%, respectively. Recently, Bitcoin broke its all-time record to cross $111,000. According to CoinSwitch Markets Desk, 'Cryptocurrency markets witnessed a steep decline late last night following reports of Israeli airstrikes on Iran, escalating tensions in the Middle East and triggering a broad risk-off sentiment. BTC fell 4% to around $104,000, while ETH dropped 9.6% to $2,493. The total crypto market cap slid over 5%, currently standing at $3.35 trillion." The geopolitical uncertainty also sent crude oil prices surging by over 5%, raising fresh concerns about inflation. Elevated oil prices may compel the US Federal Reserve to adopt a more cautious stance on rate cuts, further dampening investor appetite for risk assets, including crypto, it added. Apart from cryptocurrencies, equity and currency markets also witnessed a decline on Friday. Recently, President Donald Trump's media company announced a plan to raise $2.5 billion to buy bitcoin, joining a growing number of so-called 'bitcoin treasury companies" as the world's most popular cryptocurrency hits all-time highs. The companies buy bitcoin for different reasons: Some hold it as a hedge against inflation or to signal support for the cryptocurrency industry, while some firms have made using debt and stock sales to buy bitcoin their primary business strategy. The price of Bitcoin has been highly volatile since it started because of several factors. Firstly, the cryptocurrency market is still relatively small and less liquid compared to traditional financial markets, which means that large trades can significantly impact price movements. Secondly, Bitcoin's value depends on public sentiment and speculation, leading to short-term price changes. Media coverage, influential opinions, and regulatory developments create uncertainty, affecting demand and supply dynamics and contributing to price fluctuations, according to Another key factor is Bitcoin's fixed supply. With only 21 million bitcoins ever to be minted, its scarcity can lead to dramatic price changes as demand varies. This is exacerbated by 'whales" or large holders of Bitcoin, whose sizable transactions can sway the market considerably, it added. First Published: June 13, 2025, 09:41 IST
Mint
10-06-2025
- Business
- Mint
Crypto news update, June 10: Bitcoin brushes $110k catching traders off-guard before moving to $1,09,449
Bitcoin price today, June 10: The world's largest cryptocurrency, Bitcoin, briefly rose 1.38 per cent to $110,277.93 on June 10, while Ether jumped 4.8 per cent to $2,713.39, before slipping sightly on profit-booking. CoinSwitch Markets Desk noted that the hike caught traders off guard. 'Over $110 million in short positions were liquidated within an hour, with a total of $330 million in shorts wiped out over the course of the day,' they noted. Overall, the crypto market capitalisation on June 10 is at $3.41 trillion, with trade volume over the past 24 hours being $134.11 billion, according to data on CoinMarketCap. Further, in terms of dominance, Bitcoin gained 1.41 per cent to comprise 63.6 per cent of the market share on June 10; while Ethereum rose 0.43 per cent to 9.5 per cent dominance; and other tokens fell 1.84 per cent to comprise the remaining 26.9 per cent of the crypto market, data showed. Early at 5 am on June 10, Bitcoin briefly touched 1,10,000 levels, before moving to $109,449.70 at time of writing, as per CoinMarketCap. It was up 3.74 per cent from the previous day, with market cap at $2.17 trillion (also up 3.79 per cent), and tarde volume of $58.15 billion (up 50.45 per cent). According to Piyush Walke, Derivatives Research Analyst at Delta Exchange, Bitcoin 'is trading above its anchored VWAPs, reinforcing the prevailing positive market sentiment'. Further, at time of writing, Ethereum was up 7.40 per cent over the past 24 hours, to $2,677.74, with market cap of $323.26 billion (up 7.41 per cent), and volume of $26.92 billion (up 98.57 per cent). In other big names, USD linked Tether was at $1, with market cap of $155.22 billion (up 0.25 per cent), and volume of $87.48 billion (up 53.04 per cent); while the Solana token was at $158.54, with market cap of $83.22 billion (up 5.16 per cent) and volume of $3.9 billion (up 73.83 per cent). Walke noted that Bitcoin recently formed an inverted Head and Shoulders pattern on the hourly timeframe, which is 'a bullish technical setup'. 'Based on the pattern's projection, Bitcoin could target levels around $111,000. On the institutional side, Bitcoin spot ETFs recorded net inflows of $386.2 million, while Ethereum ETFs attracted $53 million, indicating growing investor interest in both assets,' he added. CoinSwitch's opinion was that a decisive break above $110k or below $100k will be needed to sustain momentum. And CoinDCX research team noted that 'investor's sentiments are slowly turning into 'greed' after a brief consolidation'. Edul Patel, Co-founder and CEO of Mudrex noted, 'the crypto market saw a strong rally, amid easing geopolitical tensions. The US and China resuming trade negotiations led to a positive investor sentiment, with the rally extending to Ethereum, Solana, and other altcoins.' 'Meanwhile, about $38 million in short positions were liquidated, reducing downside pressure. If the momentum sustains, Bitcoin could attempt a new all-time high soon, with support standing at $105,600,' he added. Key Takeaways Bitcoin's recent rally indicates a shift in investor sentiment towards optimism. Technical patterns suggest potential price targets and market trends. Short position liquidations highlight the volatile nature of cryptocurrency trading.
Economic Times
02-06-2025
- Business
- Economic Times
Crypto Prices Today: Bitcoin tops $105,000 as market eyes Fed signals and institutional flows
Bitcoin climbed past $105,000 on Monday, rebounding from weekend lows amid strong institutional demand and cautious investor optimism ahead of key macroeconomic events. ADVERTISEMENT As of 1:23 PM IST, the world's largest cryptocurrency was trading at $105,366, up 1% in the last 24 hours. Ethereum, however, slipped marginally by 0.1% to $2,506. The global cryptocurrency market cap rose 0.9% to $3.29 trillion, according to CoinMarketCap, with gains seen across several altcoins. XRP, Solana, Dogecoin, and Cardano edged up between 0.3% and 1.2%, while Bitcoin's dominance remained steady at 63.7%. The market witnessed heightened volatility over the weekend after US President Donald Trump escalated trade tensions with new tariff threats, triggering risk-off sentiment across global markets. According to CoinSwitch Markets Desk, Bitcoin briefly dropped below $104,000, triggering over $600 million in liquidations—the highest in four months—before bouncing back above $105,000, supported by institutional buying around the $103,000 level.'Bitcoin is trading steadily above $105,000, bouncing back from weekend lows of $103,200,' said Alankar Saxena, Co-founder and CTO of Mudrex. 'The market is now focused on macroeconomic cues, especially Fed Chair Jerome Powell's upcoming speech. Technically, $106,000 is a key resistance zone. A breakout above $106,800 could push the price toward $108,000.'On the flip side, failure to hold current levels could send Bitcoin back toward $103,500, he added. ADVERTISEMENT Delta Exchange's research analyst Riya Sehgal noted that Bitcoin is testing support near $103,900 within a descending broadening wedge pattern. 'A decisive move above $106,800 could lead to targets near $110,000. However, if $106,500 fails to hold, prices may dip toward $102,500 or even the $93,000–$97,000 range.'Ethereum faces resistance at $2,620. A breakout may lead to $2,720, but downside risks to $2,470 and $2,420 persist if bulls fail to reclaim control, Sehgal added. ADVERTISEMENT While Bitcoin ETFs saw $616 million in outflows over the last two days—led by BlackRock's IBIT and Ark 21Shares' ARKB—Ethereum ETFs attracted inflows for a tenth straight day, signalling continued institutional interest in the altcoin despite broader market Vishwanath, Co-founder and CEO of Unocoin, said Bitcoin's current consolidation near $105,000 comes after a record high of $111,970 in May 2025. 'This healthy pause shows investor confidence amid growing institutional inflows and declining exchange supply. With increasing regulatory clarity and the U.S. government's supportive stance, the long-term sentiment remains positive.' ADVERTISEMENT Vishwanath added that forecasts are pointing toward potential peaks of $180,000 to $250,000 by year-end, though short-term volatility should be expected.'Investors should focus on macro trends and avoid being swayed by daily swings,' he said. 'This phase may be the calm before Bitcoin's next major leg up.' (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
