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Economic Times
5 days ago
- Business
- Economic Times
Crypto price today: Bitcoin slips below $116,000 amid liquidations; Solana, XRP fall up to 5%
Bitcoin slipped below key support levels on Friday, triggering a broad risk-off sentiment across the crypto market. As of 2:14 pm IST, the world's largest cryptocurrency was trading at $115,150, down 2.9%, while Ethereum held firm, rising 0.5% to $3,346. Most altcoins saw mixed movement. ADVERTISEMENT Bitcoin's decline below the $116,000 mark sparked heavy long liquidations. According to Riya Sehgal, Research Analyst at Delta Exchange, the market saw $721 million in total liquidations over the past 24 hours, with long positions accounting for $567 million. 'The drop from $119,000 to below $116,000 triggered cascading liquidations, particularly in the $117,000–$120,000 zone,' she said. A liquidity buildup between $113,000 and $115,000 could now offer short-term support. Edul Patel, Co-founder and CEO of Mudrex, said that while broader macro sentiment has improved due to progress in U.S.-Japan and U.S.-EU trade talks, Bitcoin continues to face resistance near $120,000. 'A sustained move below $115,300 could take BTC down to $110,000 before any relief rally,' he noted. According to Vikram Subburaj, CEO of Giottus, Bitcoin may be entering a short-term correction. 'Momentum is fading, and a hidden bearish divergence with RSI points to weakness. The unfilled CME gap between $114,200 and $115,600 could attract price action,' he said. Subburaj added that profit booking and thinning liquidity are weighing on near-term ETFs saw net inflows of $226.7 million on July 24 after three straight sessions of outflows, suggesting cautious re-entry by institutional investors. However, CoinSwitch Markets Desk noted that CME open interest fell over 5% in the last day, indicating that some big players may be paring back exposure. 'Meanwhile, retail participation continues to rise — a trend that often signals increased volatility,' the firm remains relatively stable, with over 20 consecutive days of ETF inflows. Still, the network faces over $2.3 billion in ETH waiting to be unstaked, with delays extending beyond 11 days. ADVERTISEMENT Altcoins largely followed Bitcoin's lead. Solana dropped 4.7%, Dogecoin fell 4%, XRP was down 1%, and Cardano slipped 1.1%. Tron was the exception, posting modest gains. Bitcoin dominance posted a green candle on the weekly chart for the first time in four weeks, reflecting a shift back toward BTC. Looking ahead, traders remain cautious as the U.S. is set to reimpose tariffs starting August 1. The move could trigger another wave of selling across risk assets, including cryptocurrencies. ADVERTISEMENT (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)
Time of India
5 days ago
- Business
- Time of India
Crypto price today: Bitcoin slips below $116,000 amid liquidations; Solana, XRP fall up to 5%
Bitcoin slipped below key support levels on Friday, triggering a broad risk-off sentiment across the crypto market. As of 2:14 pm IST, the world's largest cryptocurrency was trading at $115,150, down 2.9%, while Ethereum held firm, rising 0.5% to $3,346. Most altcoins saw mixed movement. Bitcoin's decline below the $116,000 mark sparked heavy long liquidations. According to Riya Sehgal, Research Analyst at Delta Exchange, the market saw $721 million in total liquidations over the past 24 hours, with long positions accounting for $567 million. 'The drop from $119,000 to below $116,000 triggered cascading liquidations, particularly in the $117,000–$120,000 zone,' she said. A liquidity buildup between $113,000 and $115,000 could now offer short-term support. Explore courses from Top Institutes in Please select course: Select a Course Category Edul Patel, Co-founder and CEO of Mudrex, said that while broader macro sentiment has improved due to progress in U.S.-Japan and U.S.-EU trade talks, Bitcoin continues to face resistance near $120,000. 'A sustained move below $115,300 could take BTC down to $110,000 before any relief rally,' he noted. Crypto Tracker TOP COIN SETS DeFi Tracker 4.77% Buy NFT & Metaverse Tracker 1.70% Buy Crypto Blue Chip - 5 0.23% Buy AI Tracker -2.41% Buy Web3 Tracker -2.65% Buy TOP COINS (₹) Ethereum 322,762 ( 2.58% ) Buy BNB 66,830 ( 1.01% ) Buy XRP 271 ( 0.5% ) Buy Bitcoin 10,052,609 ( -1.82% ) Buy Solana 15,700 ( -2.29% ) Buy According to Vikram Subburaj, CEO of Giottus, Bitcoin may be entering a short-term correction. 'Momentum is fading, and a hidden bearish divergence with RSI points to weakness. The unfilled CME gap between $114,200 and $115,600 could attract price action,' he said. Subburaj added that profit booking and thinning liquidity are weighing on near-term sentiment. 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 » Bitcoin ETFs saw net inflows of $226.7 million on July 24 after three straight sessions of outflows, suggesting cautious re-entry by institutional investors. However, CoinSwitch Markets Desk noted that CME open interest fell over 5% in the last day, indicating that some big players may be paring back exposure. 'Meanwhile, retail participation continues to rise — a trend that often signals increased volatility,' the firm said. Live Events Ethereum remains relatively stable, with over 20 consecutive days of ETF inflows. Still, the network faces over $2.3 billion in ETH waiting to be unstaked, with delays extending beyond 11 days. Altcoins largely followed Bitcoin's lead. Solana dropped 4.7%, Dogecoin fell 4%, XRP was down 1%, and Cardano slipped 1.1%. Tron was the exception, posting modest gains. Bitcoin dominance posted a green candle on the weekly chart for the first time in four weeks, reflecting a shift back toward BTC. Looking ahead, traders remain cautious as the U.S. is set to reimpose tariffs starting August 1. The move could trigger another wave of selling across risk assets, including cryptocurrencies.
Time of India
23-07-2025
- Business
- Time of India
Crypto price today: Bitcoin holds firm above $118,000; Altcoins trade mixed
Bitcoin traded steadily above the $118,000 mark on Wednesday, maintaining its recent momentum despite mixed signals from institutional flows and growing volatility across altcoins . As of 12:51 pm IST, the world's largest cryptocurrency was up 0.2% at $118,601, while Ethereum slipped 0.2% to $3,698. The broader crypto market showed signs of divergence, with BNB gaining 4.6% to hit a new all-time high of $804, while coins like Ethereum, XRP, Cardano, and Avalanche fell up to 2%. Traders pointed to a sector-wide pause after weeks of bullish price action driven by regulatory optimism and institutional interest . Explore courses from Top Institutes in Please select course: Select a Course Category Cybersecurity Healthcare Management Finance CXO Data Science others Project Management MBA Data Science Operations Management PGDM Digital Marketing Degree Technology Leadership Others Artificial Intelligence Design Thinking MCA Data Analytics healthcare Product Management Public Policy Skills you'll gain: Duration: 10 Months MIT xPRO CERT-MIT xPRO PGC in Cybersecurity Starts on undefined Get Details 'Bitcoin is consolidating just below its all-time high, showing signs of slowing momentum amid the largest exchange inflows since July 2024 and ETF outflows of $68 million on July 22,' said Riya Sehgal, Research Analyst at Delta Exchange. She added that a sustained hold above $117,000 keeps the bullish bias intact, but a breach below this support level could trigger a deeper correction. Crypto Tracker TOP COIN SETS NFT & Metaverse Tracker 17.70% Buy DeFi Tracker 9.84% Buy Smart Contract Tracker 9.43% Buy BTC 50 :: ETH 50 4.66% Buy Web3 Tracker 2.95% Buy TOP COINS (₹) BNB 68,469 ( 4.16% ) Buy Ethereum 316,462 ( 0.11% ) Buy Tether 86 ( 0.04% ) Buy Bitcoin 10,208,462 ( -0.31% ) Buy XRP 298 ( -0.58% ) Buy Bitcoin's dominance has now declined for seven straight days, suggesting a capital rotation into altcoins. Ethereum ETFs alone have seen $533.8 million in inflows, potentially setting the stage for a high-volatility altcoin rally. 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 » While BNB stood out with a record-high price, other tokens like Solana, Tron, and Stellar rose between 1% and 2.4%. In contrast, Ethereum and Cardano remained under pressure, unable to sustain recent highs. Live Events According to CoinDCX Research, 'Despite growing weakness among the bulls, markets remain largely stable. Bitcoin is above $118K, Ethereum over $3,700, and there's renewed attention on memecoins, signaling retail interest.' The SEC recently paused the conversion of Bitwise's 10 Crypto Index Fund into an ETF shortly after approval, adding a layer of uncertainty. Meanwhile, 21Shares filed for an ONDO ETF, and a draft legislation on crypto markets was released by U.S. Senators, covering token classification, banking rules, and disclosures. Shivam Thakral, CEO of BuyUcoin, said, 'The market is digesting macroeconomic concerns, but the surge in institutional adoption and clarity on regulations is keeping the uptrend alive. If the momentum sustains, another leg up is possible.' Vikram Subburaj, CEO of Giottus, added that Bitcoin remains in a 'liquidity tug-of-war,' with possible downside support at $115,000–116,100. The Coinbase Premium Index staying flat indicates cautious U.S.-based participation, he noted. Edul Patel, Co-founder and CEO of Mudrex, pointed to renewed institutional accumulation, including Strategy's purchase of 6,220 BTC and SharpLink's $258 million ETH buy. 'If momentum holds, Bitcoin could test resistance at $122,400, with key support shifting to $117,400—a healthy setup for continued upside,' he said.
Economic Times
23-07-2025
- Business
- Economic Times
Crypto price today: Bitcoin holds firm above $118,000; Altcoins trade mixed
Bitcoin traded steadily above the $118,000 mark on Wednesday, maintaining its recent momentum despite mixed signals from institutional flows and growing volatility across altcoins. As of 12:51 pm IST, the world's largest cryptocurrency was up 0.2% at $118,601, while Ethereum slipped 0.2% to $3,698. ADVERTISEMENT The broader crypto market showed signs of divergence, with BNB gaining 4.6% to hit a new all-time high of $804, while coins like Ethereum, XRP, Cardano, and Avalanche fell up to 2%. Traders pointed to a sector-wide pause after weeks of bullish price action driven by regulatory optimism and institutional interest. 'Bitcoin is consolidating just below its all-time high, showing signs of slowing momentum amid the largest exchange inflows since July 2024 and ETF outflows of $68 million on July 22,' said Riya Sehgal, Research Analyst at Delta Exchange. She added that a sustained hold above $117,000 keeps the bullish bias intact, but a breach below this support level could trigger a deeper correction. Bitcoin's dominance has now declined for seven straight days, suggesting a capital rotation into altcoins. Ethereum ETFs alone have seen $533.8 million in inflows, potentially setting the stage for a high-volatility altcoin BNB stood out with a record-high price, other tokens like Solana, Tron, and Stellar rose between 1% and 2.4%. In contrast, Ethereum and Cardano remained under pressure, unable to sustain recent to CoinDCX Research, 'Despite growing weakness among the bulls, markets remain largely stable. Bitcoin is above $118K, Ethereum over $3,700, and there's renewed attention on memecoins, signaling retail interest.' ADVERTISEMENT The SEC recently paused the conversion of Bitwise's 10 Crypto Index Fund into an ETF shortly after approval, adding a layer of uncertainty. Meanwhile, 21Shares filed for an ONDO ETF, and a draft legislation on crypto markets was released by U.S. Senators, covering token classification, banking rules, and Thakral, CEO of BuyUcoin, said, 'The market is digesting macroeconomic concerns, but the surge in institutional adoption and clarity on regulations is keeping the uptrend alive. If the momentum sustains, another leg up is possible.' ADVERTISEMENT Vikram Subburaj, CEO of Giottus, added that Bitcoin remains in a 'liquidity tug-of-war,' with possible downside support at $115,000–116,100. The Coinbase Premium Index staying flat indicates cautious U.S.-based participation, he Patel, Co-founder and CEO of Mudrex, pointed to renewed institutional accumulation, including Strategy's purchase of 6,220 BTC and SharpLink's $258 million ETH buy. 'If momentum holds, Bitcoin could test resistance at $122,400, with key support shifting to $117,400—a healthy setup for continued upside,' he said. ADVERTISEMENT (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
21-07-2025
- Business
- Economic Times
Crypto price today: Bitcoin steadies near $119K; Dogecoin, Solana jump up to 7%
Tired of too many ads? Remove Ads Crypto TrackerPowered By TOP COINS TOP COIN SETS BNB 65,973 ( 2.36 %) Buy Ethereum 3,25,977 ( 2.18 %) Buy XRP 305.33 ( 1.33 %) Buy Bitcoin 1,02,40,751 ( 0.75 %) Buy Tether 86.33 ( 0.18 %) Buy Tired of too many ads? Remove Ads Popular in Markets 1. Crypto sector breaches $4 trillion in market value during pivotal week Bitcoin held steady near the $119,000 mark on Monday, supported by institutional inflows and resilient of 2:58 pm IST, the world's largest cryptocurrency was trading 0.6% higher at $118,826. Ethereum gained 1.9% to $3,774, marking its highest level in seven months and drawing investor attention amid signs of rotation from Bitcoin to broader crypto market reflected a strong risk-on tone, with Solana jumping 5.8%, Dogecoin 7.3%, Cardano 4.1%, and Avalanche up 3%. XRP rallied 1.7% to $3.54 after hitting a fresh all-time high, while BNB, Stellar, Chainlink, Hyperliquid, Hedera, and other altcoins registered solid gains between 2% and 3.2%."A new momentum is building in crypto markets, with Ethereum clearly taking the spotlight," said Riya Sehgal, Research Analyst at Delta Exchange. 'Driven by historic spot ETF inflows and increased corporate treasury interest, ETH has outperformed Bitcoin significantly. This divergence is reshaping market structure.'Sehgal noted that Bitcoin dominance has fallen to 61%, down more than 6% in the past month — a potential early sign of an emerging altcoin season. Rising weekly option premiums and expanded trading ranges in Ethereum also reflect heightened trader to CoinSwitch Markets Desk, Bitcoin is currently trading around $118,900 and remains within a triangular consolidation pattern. 'BTC is testing a key resistance trendline that has capped its upside near $123K. While the coin remains in a range, capital is rotating toward ETH and other altcoins, which are showing stronger momentum,' CoinSwitch analysts firm added that macroeconomic pressures, particularly signs of strain in the U.S. housing market, could add to market volatility. A recent study showed that half of the top 50 U.S. metro areas reported year-over-year home price declines in June, compared to just seven in November 2024 — hinting at weakening consumer the near-term consolidation, several analysts maintain a bullish outlook on Bitcoin. Srinivas L, CEO of 9Point Capital, believes BTC remains well-positioned for an eventual breakout. 'Strong ETF inflows and improving macro sentiment support upside potential. If the current range holds, we expect a move toward $127K and beyond.'Unocoin CEO Sathvik Vishwanath echoed this view, citing technical indicators such as the golden cross as supportive of continued bullishness. 'Bitcoin is transitioning into a mature store-of-value asset,' he said, pointing to rising institutional adoption and favourable regulatory developments in the U.S. 'Short-term targets remain in the $125K–$130K range, with some forecasts eyeing $180K–$250K by year-end if momentum holds.'(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
