Latest news with #ShivamThakral
Economic Times
10 hours ago
- Business
- Economic Times
Bitcoin holds steady near $118,500 as Ethereum Leads gains on ETF Inflows
Bitcoin held above $118,500 and Ethereum outperformed on strong ETF inflows and institutional interest. Market sentiment remained cautiously bullish despite Fed-induced volatility. Regulatory updates offered partial clarity, while mixed altcoin performance reflected cautious optimism. Traders are watching macroeconomic signals, including geopolitical risks and U.S. tariff developments. Tired of too many ads? Remove Ads Ethereum leads with ETF boost Crypto TrackerPowered By TOP COINS TOP COIN SETS Ethereum 3,38,662 ( 1.74 %) Buy XRP 276 ( 1.43 %) Buy Bitcoin 1,03,98,251 ( 0.71 %) Buy BNB 70,445 ( 0.69 %) Buy Solana 15,867.03 ( 0.23 %) Buy Bitcoin steadies despite Fed-triggered volatility Tired of too many ads? Remove Ads Regulatory backdrop: Clarity but few specifics Mixed Altcoins The cryptocurrency market showed resilience on Thursday with Bitcoin (BTC) stabilising above the $118,500 mark and Ethereum (ETH) gaining ground, bolstered by renewed institutional interest and strong ETF inflows As of 12:14 pm IST, Bitcoin was trading at $118,565, up 0.26%, while Ethereum rose 1.11% to $3,868, according to data from CoinMarketCap. The global crypto market capitalisation climbed 0.28% to reach $3.89 outperformed Bitcoin, supported by a surge in spot ETF inflows — jumping to $219 million, even as Bitcoin ETF inflows halved from nearly $157 million to just $80 million. This shift in capital suggests growing institutional preference for ETH, further strengthened by developments such as ETH Strategy's $46.5 million fundraise and BTCS Inc.'s $2 billion Ethereum treasury expansion.'Ethereum is strengthening above $3,820, backed by institutional moves,' said Riya Sehgal, Research Analyst at Delta Exchange. 'The market appears to be in a consolidation phase, with traders cautiously optimistic about Ethereum's upside.'The broader market was reacting to the Federal Reserve's decision to hold interest rates steady at 4.25%–4.50% for the fifth consecutive time. Although this was largely expected, markets saw volatility spike immediately after the announcement, leading to nearly $200 million in leveraged liquidations as Bitcoin briefly dipped below $116,000 before recovering.'Bitcoin continues to show impressive strength above $118,000, despite macro uncertainty,' said Shivam Thakral, CEO of BuyUcoin. 'While the Fed's stance remains hawkish, the crypto market seems better prepared to absorb economic shocks.'Technical indicators suggest Bitcoin remains range-bound, with resistance near $119,000–$120,000 and support at $116,000, according to CoinSwitch Markets Desk. Momentum signals are mixed, pointing to further sideways movement unless a breakout the Fed decision, the White House released a 163-page crypto strategy report, outlining policy proposals under the GENIUS and Clarity Acts, pushing for CFTC oversight of non-security tokens, and discouraging a U.S. CBDC. However, details on the Strategic Bitcoin Reserve remained unclear.'The macro backdrop, regulatory clarity, and growing adoption continue to favor long-term upside,' noted Sathvik Vishwanath, Co-Founder and CEO of Unocoin. 'A breakout above $120,000 could push Bitcoin toward $125,000–$130,000, while a drop below $111,000 could trigger deeper corrections.'The altcoin space was divided, with XRP, Sui, Stellar, Chainlink, Hedera, Litecoin, and Toncoin trading up between 0.2% and 4.5%. On the flip side, BNB, Solana, Dogecoin, Tron, Cardano, and Avalanche witnessed sentiment remains cautiously bullish across the board, traders are keeping a close eye on macro developments — including rising geopolitical tensions and potential disruptions from U.S. tariff policies under former President Trump.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Time of India
11 hours ago
- Business
- Time of India
Bitcoin holds steady near $118,500 as Ethereum Leads gains on ETF Inflows
The cryptocurrency market showed resilience on Thursday with Bitcoin (BTC) stabilising above the $118,500 mark and Ethereum (ETH) gaining ground, bolstered by renewed institutional interest and strong ETF inflows . As of 12:14 pm IST, Bitcoin was trading at $118,565, up 0.26%, while Ethereum rose 1.11% to $3,868, according to data from CoinMarketCap. The global crypto market capitalisation climbed 0.28% to reach $3.89 trillion. Explore courses from Top Institutes in Please select course: Select a Course Category Ethereum leads with ETF boost Ethereum outperformed Bitcoin, supported by a surge in spot ETF inflows — jumping to $219 million, even as Bitcoin ETF inflows halved from nearly $157 million to just $80 million. This shift in capital suggests growing institutional preference for ETH, further strengthened by developments such as ETH Strategy's $46.5 million fundraise and BTCS Inc.'s $2 billion Ethereum treasury expansion. Crypto Tracker TOP COIN SETS DeFi Tracker 5.60% Buy Web3 Tracker 3.36% Buy Crypto Blue Chip - 5 1.50% Buy NFT & Metaverse Tracker 0.87% Buy AI Tracker -3.37% Buy TOP COINS (₹) Ethereum 338,716 ( 1.56% ) Buy XRP 276 ( 1.36% ) Buy BNB 70,489 ( 0.75% ) Buy Bitcoin NaN ( 0.74% ) Buy Solana 15,871 ( 0.25% ) Buy 'Ethereum is strengthening above $3,820, backed by institutional moves,' said Riya Sehgal, Research Analyst at Delta Exchange. 'The market appears to be in a consolidation phase, with traders cautiously optimistic about Ethereum's upside.' 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 steadies despite Fed-triggered volatility The broader market was reacting to the Federal Reserve's decision to hold interest rates steady at 4.25%–4.50% for the fifth consecutive time. Although this was largely expected, markets saw volatility spike immediately after the announcement, leading to nearly $200 million in leveraged liquidations as Bitcoin briefly dipped below $116,000 before recovering. 'Bitcoin continues to show impressive strength above $118,000, despite macro uncertainty,' said Shivam Thakral, CEO of BuyUcoin. 'While the Fed's stance remains hawkish, the crypto market seems better prepared to absorb economic shocks.' Technical indicators suggest Bitcoin remains range-bound, with resistance near $119,000–$120,000 and support at $116,000, according to CoinSwitch Markets Desk. Momentum signals are mixed, pointing to further sideways movement unless a breakout occurs. Regulatory backdrop: Clarity but few specifics Alongside the Fed decision, the White House released a 163-page crypto strategy report, outlining policy proposals under the GENIUS and Clarity Acts, pushing for CFTC oversight of non-security tokens, and discouraging a U.S. CBDC. However, details on the Strategic Bitcoin Reserve remained unclear. 'The macro backdrop, regulatory clarity, and growing adoption continue to favor long-term upside,' noted Sathvik Vishwanath, Co-Founder and CEO of Unocoin. 'A breakout above $120,000 could push Bitcoin toward $125,000–$130,000, while a drop below $111,000 could trigger deeper corrections.' Mixed Altcoins The altcoin space was divided, with XRP, Sui, Stellar, Chainlink, Hedera, Litecoin, and Toncoin trading up between 0.2% and 4.5%. On the flip side, BNB, Solana, Dogecoin, Tron, Cardano, and Avalanche witnessed declines. While sentiment remains cautiously bullish across the board, traders are keeping a close eye on macro developments — including rising geopolitical tensions and potential disruptions from U.S. tariff policies under former President Trump.
Economic Times
3 days ago
- Business
- Economic Times
Bitcoin hovers near $120,000; Ethereum jumps over 3% amid strong ETF inflows
Cryptocurrency markets surged, with Bitcoin nearing $120,000 and Ethereum leading altcoin gains, fueled by substantial ETF inflows. Ethereum's impressive performance has sparked talks of an "Ethereum season," potentially triggering broader altcoin rallies. Bitcoin is consolidating below resistance, while analysts eye macroeconomic factors and technical patterns for further upward momentum. Tired of too many ads? Remove Ads Crypto TrackerPowered By TOP COINS TOP COIN SETS BNB 73,887 ( 7.2 %) Buy Ethereum 3,36,591 ( 3.13 %) Buy XRP 283.32 ( 2.6 %) Buy Bitcoin 1,02,87,327 ( 0.66 %) Buy Tether 86.52 ( -0.02 %) Buy The cryptocurrency market traded higher on Monday, with Bitcoin inching closer to the $120,000 mark and Ethereum leading gains among of 12:15 pm IST, Bitcoin was up 1% at $119,493, while Ethereum surged 3.5% to $3,914, according to data from CoinMarketCap. The overall crypto market capitalisation rose 1.74% to $3.97 continued to outperform Bitcoin, adding to its recent strong performance. 'ETH jumped another 3.5% today, touching $3,900 and adding to its 59% surge over the past month,' said Shivam Thakral, CEO of BuyUcoin. 'Big money is pouring into Ethereum, with ETF inflows topping $2.2 billion last week—actually outpacing Bitcoin's numbers.'The bullish trend in Ethereum, backed by growing institutional interest, is prompting some market watchers to call this period an "Ethereum season" – a trend that has historically triggered rallies in other altcoins as altcoins also traded higher on Monday. BNB gained 6.7%, Avalanche 5%, Solana 3.3%, Dogecoin 2.6%, XRP 2.4%, Cardano 2%, and Chainlink 2.7%.Despite its recent rally, Bitcoin remains just shy of breaking above the $120,000 resistance level. 'Bitcoin continues to hover just shy of the $120,000 mark, catching its breath after bouncing back from its latest pullback,' Thakral said. Key support levels are currently at $116,411 and $115,000, while the next major resistance stands around $138, to Piyush Walke, Derivatives Research Analyst at Delta Exchange, 'Bitcoin has traded between $118,000 and $120,000 over the past two days. Momentum indicators like MACD and ADX are still positive, but overbought signals from Stochastic and Williams %R hint at potential short-term consolidation.'Sathvik Vishwanath, Co-Founder and CEO of Unocoin, noted that institutional inflows via ETFs remain a strong bullish driver. 'Bitcoin is consolidating just below $120K, forming a bullish cup-and-handle pattern,' he said. 'But strong overhead supply limits a breakout. If BTC manages to hold this range and volume picks up, a surge toward $130K is likely.'The recent price movement has also been supported by macroeconomic developments. Harish Vatnani, Head of Trade at ZebPay, said Bitcoin's rally above $119,000 coincided with easing geopolitical tensions after the U.S. and China agreed to delay mutual trade tariffs.'Bitcoin is now eyeing a daily close above its 10-day moving average, after rebounding from the $114,500 zone,' Vatnani added. He also pointed out that BTC recently made a new all-time high of $123,218 before pulling back to its current range between $120,500 and $115,500, where it's forming a potential bullish flag pattern. A breakout above $125,000 could lead to another leg up.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Time of India
3 days ago
- Business
- Time of India
Bitcoin hovers near $120,000; Ethereum jumps over 3% amid strong ETF inflows
The cryptocurrency market traded higher on Monday, with Bitcoin inching closer to the $120,000 mark and Ethereum leading gains among altcoins. As of 12:15 pm IST, Bitcoin was up 1% at $119,493, while Ethereum surged 3.5% to $3,914, according to data from CoinMarketCap. The overall crypto market capitalisation rose 1.74% to $3.97 trillion. Explore courses from Top Institutes in Please select course: Select a Course Category others Leadership Artificial Intelligence healthcare Project Management Data Science Management Degree CXO Technology MCA PGDM Cybersecurity Finance Product Management Design Thinking Data Science Others MBA Digital Marketing Operations Management Skills you'll gain: Duration: 16 Weeks Indian School of Business CERT - ISB Cybersecurity for Leaders Program India Starts on undefined Get Details Skills you'll gain: Duration: 16 Weeks Indian School of Business CERT - ISB Cybersecurity for Leaders Program India Starts on undefined Get Details Ethereum continued to outperform Bitcoin, adding to its recent strong performance. 'ETH jumped another 3.5% today, touching $3,900 and adding to its 59% surge over the past month,' said Shivam Thakral, CEO of BuyUcoin. 'Big money is pouring into Ethereum, with ETF inflows topping $2.2 billion last week—actually outpacing Bitcoin's numbers.' Crypto Tracker TOP COIN SETS DeFi Tracker 4.10% Buy NFT & Metaverse Tracker 2.06% Buy Web3 Tracker 1.27% Buy Crypto Blue Chip - 5 1.13% Buy AI Tracker -5.32% Buy TOP COINS (₹) BNB 73,887 ( 7.22% ) Buy Ethereum 336,659 ( 3.03% ) Buy XRP 284 ( 2.54% ) Buy Bitcoin 10,293,277 ( 0.68% ) Buy Tether 87 ( -0.01% ) Buy The bullish trend in Ethereum, backed by growing institutional interest, is prompting some market watchers to call this period an "Ethereum season" – a trend that has historically triggered rallies in other altcoins as well. 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 » Major altcoins also traded higher on Monday. BNB gained 6.7%, Avalanche 5%, Solana 3.3%, Dogecoin 2.6%, XRP 2.4%, Cardano 2%, and Chainlink 2.7%. Despite its recent rally, Bitcoin remains just shy of breaking above the $120,000 resistance level. 'Bitcoin continues to hover just shy of the $120,000 mark, catching its breath after bouncing back from its latest pullback,' Thakral said. Key support levels are currently at $116,411 and $115,000, while the next major resistance stands around $138,000. According to Piyush Walke, Derivatives Research Analyst at Delta Exchange, 'Bitcoin has traded between $118,000 and $120,000 over the past two days. Momentum indicators like MACD and ADX are still positive, but overbought signals from Stochastic and Williams %R hint at potential short-term consolidation.' Sathvik Vishwanath, Co-Founder and CEO of Unocoin, noted that institutional inflows via ETFs remain a strong bullish driver. 'Bitcoin is consolidating just below $120K, forming a bullish cup-and-handle pattern,' he said. 'But strong overhead supply limits a breakout. If BTC manages to hold this range and volume picks up, a surge toward $130K is likely.' The recent price movement has also been supported by macroeconomic developments. Harish Vatnani, Head of Trade at ZebPay, said Bitcoin's rally above $119,000 coincided with easing geopolitical tensions after the U.S. and China agreed to delay mutual trade tariffs. 'Bitcoin is now eyeing a daily close above its 10-day moving average, after rebounding from the $114,500 zone,' Vatnani added. He also pointed out that BTC recently made a new all-time high of $123,218 before pulling back to its current range between $120,500 and $115,500, where it's forming a potential bullish flag pattern. A breakout above $125,000 could lead to another leg up. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Time of India
22-07-2025
- Business
- Time of India
Bitcoin slips below $117,000 amid ETF outflows; All eyes on Fed Chair Powell
Bitcoin slipped below the $117,000 mark on Tuesday amid renewed ETF outflows and growing market caution ahead of a key speech by US Federal Reserve Chair Jerome Powell . As of 11:27 am IST, the world's largest cryptocurrency was trading 1.1% lower at $116,994. Ethereum also lost ground, falling 2.3% to $3,681. Explore courses from Top Institutes in Please select course: Select a Course Category Digital Marketing Data Science others Leadership Data Analytics Others Management Data Science Artificial Intelligence Operations Management Technology Finance Public Policy Healthcare CXO Design Thinking MBA Project Management Degree Product Management Skills you'll gain: Digital Marketing Strategies Customer Journey Mapping Paid Advertising Campaign Management Emerging Technologies in Digital Marketing Digital Marketing Strategies Customer Journey Mapping Paid Advertising Campaign Management Emerging Technologies in Digital Marketing Digital Marketing Strategies Customer Journey Mapping Paid Advertising Campaign Management Emerging Technologies in Digital Marketing Duration: 12 Weeks Indian School of Business Digital Marketing and Analytics Starts on May 14, 2024 Get Details Skills you'll gain: Digital Marketing Strategies Customer Journey Mapping Paid Advertising Campaign Management Emerging Technologies in Digital Marketing Digital Marketing Strategies Customer Journey Mapping Paid Advertising Campaign Management Emerging Technologies in Digital Marketing Duration: 12 Weeks Indian School of Business Digital Marketing and Analytics Starts on May 14, 2024 Get Details Skills you'll gain: Digital Marketing Strategy Search Engine Optimization (SEO) & Content Marketing Social Media Marketing & Advertising Data Analytics & Measurement Duration: 24 Weeks Indian School of Business Professional Certificate Programme in Digital Marketing Starts on Jun 26, 2024 Get Details Skills you'll gain: Digital Marketing Strategies Customer Journey Mapping Paid Advertising Campaign Management Emerging Technologies in Digital Marketing Duration: 12 Weeks Indian School of Business Digital Marketing and Analytics Starts on May 14, 2024 Get Details Most major altcoins were in the red, with XRP down 1.4%, BNB 1.5%, Dogecoin 3.4%, Cardano 0.6%, Tron 1.3%, Hyperliquid 7.7%, and Stellar 5.5%. However, Solana defied the trend, rising 5% to hit a five-month high above $200. The latest dip in Bitcoin was attributed to profit-booking and outflows from institutional products. 'Bitcoin slipped below the $117K mark due to ETF outflows,' said Shivam Thakral, CEO of BuyUcoin. 'The single-day outflow from Bitcoin ETFs stood at $131 million, while Ethereum ETFs added $194 million during the same period.' Thakral added that Ethereum's renewed strength has caught the attention of institutional investors, who are anticipating a growth trajectory similar to Bitcoin's. 'With regulatory clarity improving and support from Trump's media corporation and BTC treasuries, the market remains active and optimistic this week,' he noted. Some analysts believe the recent moves point to an emerging altcoin season . Edul Patel, Co-founder and CEO of Mudrex, said capital rotation away from Bitcoin is gaining pace. 'BTC is now range-bound between $116,000 and $120,000, and its dominance has dipped below 60%—the second major decline in three months,' Patel noted. He highlighted Ethereum's growing futures interest, which rose from $18 billion to $28 billion in just one week. 'This shift has pushed the altcoin season index above 50 for the first time since December, with Solana's rally acting as a key indicator of investor appetite beyond BTC,' he added. Sathvik Vishwanath, Co-founder and CEO of Unocoin, said Bitcoin is holding just above key technical support near $116,000. 'If BTC breaks above $122,000, we could see a move toward $125,000–128,000. But a breach below $116,000 could trigger a correction to $112,000,' he said. Vishwanath added that long-term fundamentals remain strong, with some analysts projecting a $200,000 target by year-end, driven by halving-induced supply constraints, global adoption, and favorable regulation. Meanwhile, investor sentiment remains cautious ahead of a speech by Fed Chair Jerome Powell scheduled for 6:30 PM IST today. With just a week before the next FOMC meeting, speculation has intensified about Powell's future, amid reported pressure from Donald Trump. Any surprise signals on interest rates or leadership changes at the Fed could add to market volatility, with crypto assets likely to react sharply to developments. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
