Latest news with #HimanshuMaradiya
Hans India
5 days ago
- Business
- Hans India
Bitcoin hits record high of $1,21,000
New Delhi: Leadingcryptocurrency Bitcoin surged past the $1,21,000 milestone for the first time on Monday. According to data from CoinMarketCap, the cryptocurrency went up 2.75 per cent at $1,21,097.94 in early trade. Market capitalisation (mcap) of Bitcoin reached at $2.41 trillion, up 2.85 per cent, with trading volumes at $60.69 billion, up 33.12 per cent, the data showed. This year alone, the cryptocurrency has surged more than 29 per cent, according to reports. Ethereum, the second largest cryptocurrency, jumped 3.28 per cent to $3,054.96, with market cap at $368.77 billion and trade volume at $21.62 billion, CoinMarketCap data showed. According to market watchers, Bitcoin's surge is driven by longer-term institutional buyers and this will propel it to $125,000 in the next month or two. 'Institutional demand remains a major driver, with US Bitcoin ETFs surpassing $50 billion in net inflows to date. BlackRock alone holds over $65 billion in BTC, while corporate treasuries continue to accumulate,' said Himanshu Maradiya, Founder and Chairman, CIFDAQ. Optimism is also fuelled by the US President Donald Trump administration's pro-crypto stance pushing for a Strategic Bitcoin Reserve and easing ETF approval norms. 'Macroeconomic shifts like a weaker dollar, rising treasury demand, and sovereign credit downgrades are further positioning BTC as a hedge. With regulatory clarity improving and Coinbase entering the S&P-500, Bitcoin's case as a mainstream asset has never looked stronger,' he added.
Time of India
5 days ago
- Business
- Time of India
Bitcoin beats Amazon in market value; Crypto breaches $120,000 to hit new peak
Bitcoin overtook Amazon in market value on Monday, climbing past the $120,000 mark for the first time and cementing its status as one of the world's most valuable assets. The cryptocurrency's market capitalisation surged to $2.43 trillion, eclipsing Amazon's $2.39 trillion, as investors rushed to price in regulatory breakthroughs and intensifying political support from US policymakers. Bitcoin rose as much as 1.5% in Asian trading to hit a new all-time high of $121,207.55. It was last quoted at $120,856.34, bringing its year-to-date gains to 29%. Ether, the second-largest token, also advanced, touching a five-month peak of $3,048.23 before easing to $3,036.24. The total digital asset market now stands at approximately $3.78 trillion, according to CoinMarketCap. Crypto week begins in Washington The rally coincides with the start of a pivotal week in U.S. legislative circles. Beginning Monday, the House of Representatives will debate several bills including the CLARITY Act, Anti-CBDC Act, and GENIUS Act—proposals designed to give digital assets a clearer regulatory status and restrict the Federal Reserve from issuing central bank digital currencies. Crypto Tracker TOP COIN SETS Web3 Tracker 24.58% Buy AI Tracker 22.05% Buy DeFi Tracker 19.61% Buy BTC 50 :: ETH 50 16.31% Buy Crypto Blue Chip - 5 15.41% Buy TOP COINS (₹) XRP 253 ( 5.31% ) Buy Bitcoin 10,534,445 ( 4.12% ) Buy Solana 14,297 ( 2.58% ) Buy Ethereum 260,319 ( 2.47% ) Buy BNB 60,546 ( 2.12% ) Buy U.S. President Donald Trump, who has described himself as the 'crypto president,' has openly backed the digital asset industry and urged Congress to overhaul outdated rules. 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 » Institutional demand accelerates "Bitcoin has smashed past $121,000, marking fresh all-time highs as institutional demand and policy tailwinds fuel the rally," said Himanshu Maradiya, Founder & Chairman of CIFDAQ. 'The latest surge follows last week's 10% rise, with over $289 million in short liquidations amplifying momentum. Bitcoin ETFs saw $1.2 billion in inflows on Thursday and $1.03 billion Friday, pushing total US ETF net inflows beyond $50 billion to date.' Live Events Maradiya noted that the growing alignment between pro-crypto policies, macro uncertainty, and the increasing accessibility of regulated investment vehicles is 'rapidly solidifying' Bitcoin's position as a mainstream asset. $125,000 in sight Nigel Green, CEO of financial advisory major deVere Group, said that Bitcoin could climb to $125,000 within days as market forces and political momentum converge. 'Bitcoin has blasted through $122,000, and all the indicators point to $125,000 in sight this week,' Green said in a press release. 'It's being powered by deep political backing, new regulatory clarity, and sustained institutional inflows. This is a powerful combination we haven't seen at this scale before.' He highlighted the GENIUS Act in particular as a landmark measure that would create a national framework for stablecoins, one of the most significant regulatory steps by the U.S. to date. 'This is not crypto on the fringe anymore,' Green said. 'This is front and center of US financial policy. Trump is championing it, lawmakers are acting on it, and Wall Street is all-in.' Wall Street steps in Green said flows into US-listed spot Bitcoin ETFs have reached record levels, with asset managers like BlackRock and Fidelity continuing to scale up their exposure. 'Wall Street has crossed the Rubicon,' he said. 'The capital is committed. The infrastructure is there. The political will is building. The market is responding exactly as we expected.' The deVere group, which has previously projected Bitcoin to hit $150,000 in this market cycle, said that view remains intact, though short-term volatility is expected. 'The trajectory to $150K is intact, but investors should expect a sharp move to $140K, then a healthy sell-off before we power higher,' Green said. 'Investments of this magnitude don't move in straight lines. They surge, cool, consolidate, then break out again. That's the phase we're entering.' A new market order Bitcoin's market capitalisation now stands at $2.43 trillion, surpassing Amazon and trailing only a handful of publicly traded giants. Gains in crypto-linked stocks, including U.S.-listed miners and ETF proxy plays, have also intensified in recent weeks. 'The scale of capital entering the space is rewriting the map,' said Green. 'This isn't hype. This is asset reallocation on a global level.' 'The $125K milestone is within reach now, and when it comes, it will confirm what we've been saying: that Bitcoin is not only back, but can be expected to break through every ceiling put in front of it if the momentum continues,' said Green. Also read | Bitcoin surges past $120,000 to fresh all-time high
Time of India
11-07-2025
- Business
- Time of India
Bitcoin hits record high above $116,000 on institutional demand; Dogecoin, Hedera rally up to 12%
Bitcoin surged to a new all-time high of $116,893 in early trade on Friday, driven by strong institutional inflows and optimism around crypto-friendly policies under U.S. President Donald Trump. The world's largest cryptocurrency has now gained more than 25% year-to-date and is up 102% over the past 12 months. Ether, the second-largest cryptocurrency, also climbed over 7% to trade near $2,965 after touching a five-month high of $2,995. Other major altcoins joined the rally, including Dogecoin (+10%), Cardano (+10.5%), Solana (+4.6%), XRP (+6%), and Hedera (+12.2%). by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Villas Prices In Dubai Might Be More Affordable Than You Think Villas In Dubai | Search Ads Get Quote Undo 'Bitcoin soared past $116,000, setting a new all-time high as bullish momentum returned following recent consolidation,' said Himanshu Maradiya, Founder and Chairman of CIFDAQ. 'Institutional demand remains a major driver, with U.S. Bitcoin ETFs surpassing $50 billion in net inflows to date. BlackRock alone holds over $65 billion in BTC.' Investor confidence has also been supported by macroeconomic trends such as a weakening dollar, rising demand for treasuries, and growing interest in Bitcoin as a hedge against sovereign credit risk. The inclusion of Coinbase in the S&P 500 further underscores Bitcoin's increasing acceptance as a mainstream asset. The sharp breakout also triggered a massive short squeeze, contributing to the speed of Bitcoin's ascent. 'A sharp $453 million short squeeze played a key role in accelerating Bitcoin's rally,' said Avinash Shekhar, Co-Founder & CEO of Pi42. 'Forced buying from liquidated bearish positions added fuel to the upward momentum.' Live Events Shekhar noted that this could be the beginning of a powerful phase in the current bull cycle. 'Momentum is accelerating across the crypto market , signaling that we may be entering the most decisive leg of this bull cycle.' Also Read: Crypto Gems: Top crypto assets to watch & buy in July 2025 Ethereum is now nearing the psychological $3,000 level, which traders see as a launchpad for its next breakout. Meanwhile, Dogecoin and other altcoins are also riding the wave of market euphoria. 'Bitcoin is roaring!' said the CoinDCX Research Team. 'With over $165 billion added to the crypto market cap and $415 million in short positions liquidated, bulls have taken firm control. Long-term holders now control over 74% of Bitcoin's supply—at a 15-year high.' The rally also reflects broader institutional and political support for digital assets. In March, President Trump signed an executive order to establish a Strategic Bitcoin Reserve and appointed crypto-friendly figures such as former SEC Commissioner Paul Atkins to key roles. His media firm has also filed to launch a crypto-focused ETF. Srinivas L, CEO of 9Point Capital, expects the rally to continue. 'BTC has now broken out just as expected, and the bullish trend is kicking in. We expect BTC to touch $125,000 in this leg of the rally.' In addition to the price surge, the market saw new developments including Robinhood launching ETH and SOL staking in the U.S., and Coinbase partnering with Perplexity AI to provide real-time crypto market data. As long-term holders now control over 74% of total Bitcoin supply—marking a 15-year high—the market appears to be entering a new phase of sustained institutional accumulation and retail optimism. Also Read: 52% of cryptos launched since 2021 are dead. What should investors focus on in 2025? ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Gulf Insider
11-07-2025
- Business
- Gulf Insider
Bitcoin Surges Past $116,000 For First Time In History
Bitcoin on Friday continued its surge, as bullish momentum returned following recent consolidation on increased investor demand. The world's largest cryptocurrency has crossed the $116,000 mark to trade at $116,277.42 on Friday morning, up 4.39% as against its price 24 hours ago. 'Bitcoin soared past $116,000, setting a new all-time high as bullish momentum returned following recent consolidation. Institutional demand remains a major driver, with US Bitcoin ETFs surpassing $50 billion in net inflows to date,' said Himanshu Maradiya, founder and chairman of CIFDAQ. BlackRock alone holds over $65 billion in BTC, while corporate treasuries continue to accumulate. Optimism is also fuelled by the Trump administration's pro-crypto stance pushing for a Strategic Bitcoin Reserve and easing ETF approval norms. Macroeconomic shifts like a weaker dollar, rising treasury demand, and sovereign credit downgrades are further positioning BTC as a hedge. With regulatory clarity improving and Coinbase entering the S&P 500, Bitcoin's case as a mainstream asset has never looked stronger, he added. Among other cryptos, Ethereum reached $3,000 and drew bearish attention, while the XRP price is surging with considerable strength. The other altcoins are also manifesting a similar price action as the crypto markets turn green. The top gainers include Pudgy Penguins, with a 30% rise, followed by SEI with a 25% increase and Worldcoin with a 19% rise. 'With the recent rise, over $165 billion has been added to the crypto market cap, while $415 million worth of shorts have been liquidated,' CoinDCX Research Team said in a note. Meanwhile, Bitcoin surpasses the Taiwanese & Australian dollars in market capitalization. On the other hand, Bitcoin long-term holders hit a 15-year high, now controlling over 74% of the total supply. Besides, Coinbase has partnered with Perplexity AI to deliver real-time crypto market data to traders. Robinhood officially launches ETH & SOL staking in the US. IG analyst Tony Sycamore predicts Bitcoin to hit $120,000 soon. 'While the push to new highs hasn't yet sparked the fireworks the market might have been hoping for, there is scope for bitcoin to make further gains towards $120,000,' Sycamore added. Also read: Kazakhstan Plans To Establish Bitcoin And Crypto Reserve
News18
11-07-2025
- Business
- News18
Bitcoin Surges Past $116,000 For First Time In History; Check Price Prediction For 2025
Bitcoin soars past $116,000, setting a new all-time high as bullish momentum returned following recent consolidation. Institutional demand remains a major driver, says an expert. Bitcoin on Friday continued its surge, as bullish momentum returned following recent consolidation on increased investor demand. The world's largest cryptocurrency has crossed the $116,000 mark to trade at $116,277.42 on Friday morning, up 4.39% as against its price 24 hours ago. 'Bitcoin soared past $116,000, setting a new all-time high as bullish momentum returned following recent consolidation. Institutional demand remains a major driver, with US Bitcoin ETFs surpassing $50 billion in net inflows to date," said Himanshu Maradiya, founder and chairman of CIFDAQ. BlackRock alone holds over $65 billion in BTC, while corporate treasuries continue to accumulate. Optimism is also fuelled by the Trump administration's pro-crypto stance pushing for a Strategic Bitcoin Reserve and easing ETF approval norms. Macroeconomic shifts like a weaker dollar, rising treasury demand, and sovereign credit downgrades are further positioning BTC as a hedge. With regulatory clarity improving and Coinbase entering the S&P 500, Bitcoin's case as a mainstream asset has never looked stronger, he added. Among other cryptos, Ethereum reached $3,000 and drew bearish attention, while the XRP price is surging with considerable strength. The other altcoins are also manifesting a similar price action as the crypto markets turn green. The top gainers include Pudgy Penguins, with a 30% rise, followed by SEI with a 25% increase and Worldcoin with a 19% rise. 'With the recent rise, over $165 billion has been added to the crypto market cap, while $415 million worth of shorts have been liquidated," CoinDCX Research Team said in a note. Meanwhile, Bitcoin surpasses the Taiwanese & Australian dollars in market capitalization. On the other hand, Bitcoin long-term holders hit a 15-year high, now controlling over 74% of the total supply. Besides, Coinbase has partnered with Perplexity AI to deliver real-time crypto market data to traders. Robinhood officially launches ETH & SOL staking in the US. IG analyst Tony Sycamore predicts Bitcoin to hit $120,000 soon. 'While the push to new highs hasn't yet sparked the fireworks the market might have been hoping for, there is scope for bitcoin to make further gains towards $120,000," Sycamore added. view comments Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
