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Time of India
6 days ago
- Business
- Time of India
Crypto price today: Bitcoin holds steady near $107k amid $40 billion options expiry
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 $106,519. Ethereum, 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 trillion. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Villa For Sale in Dubai Might Surprise You Villas in Dubai | Search ads Learn More Undo Several 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%. Crypto Tracker TOP COIN SETS Crypto Blue Chip - 5 2.35% Buy NFT & Metaverse Tracker -0.08% Buy DeFi Tracker -0.30% Buy AI Tracker -1.00% Buy Web3 Tracker -2.97% Buy TOP COINS (₹) BNB 55,215 ( -0.58% ) Buy Bitcoin 9,185,222 ( -0.62% ) Buy Ethereum 209,239 ( -1.7% ) Buy Solana 12,052 ( -2.97% ) Buy XRP 179 ( -4.68% ) Buy 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 said. 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 » Subburaj 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 $105,000. Live Events The 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 noted. They added that Ethereum continues to show weakness, slipping 2.5% to around $2,400. Himanshu 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 said. Maradiya 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 added. Sathvik 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 said. Vishwanath sees short-term targets in the $104K–$108K range, while long-term projections remain optimistic, with year-end estimates ranging from $150K to $200K. On 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. ( Disclai mer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
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Business Standard
6 days ago
- Business
- Business Standard
Bitcoin tops $108k before pullback amid options expiry; altcoins retreat
Bitcoin price today, Friday, January 27, 2025: The flagship cryptocurrency, Bitcoin (BTC), briefly crossed the $108,000 mark on Friday before retreating, as traders remained cautious ahead of the $40 billion options expiry scheduled later in the day. Bitcoin was trading at around $107,397.18, down 0.21 per cent, with a 24-hour trading volume of $48.34 billion, at 11:22 AM on Friday, June 27, 2025, according to data from CoinMarketCap. The cryptocurrency fluctuated between $106,519.66 and $108,190.55 during the same period. Bitcoin's market capitalisation stood at approximately $2.13 trillion, maintaining its position as the most valuable digital asset. Analysts see resistance at $108k levels For Bitcoin, Vikram Subburaj, CEO of Giottus Crypto Platform, believes that there is likely to be some downward pressure, with $105,000 serving as a key support level. "Bitcoin should rally strongly early next week with the US Fed indicating three further interest rate cuts in 2025. Altcoins have not shown strength in the last 2 days, with Bitcoin dominance hitting a new yearly high around 66 per cent," said Subburaj. Till this metric reverses to 62 per cent, Subburaj suggests investors are better off holding a Bitcoin majority in their crypto portfolios. Edul Patel, Co-founder and CEO of Mudrex, on the other hand, remains optimistic and said that Bitcoin is trading steadily above $107,100 after testing resistance at $108,000, a key level where both buyers and sellers are actively engaged. "If the buyers maintain conviction, we could see seller liquidity absorbed around $108k, setting the stage for a potential breakout. The market sentiment remains strong, supported by regulatory progress like the Senate Banking Committee's aim to pass digital asset market structure legislation by September," said Patel. Additionally, the weakening Dollar Index continues to bring capital into the market. For the flagship currency, Patel sees the support at current levels lies at $106,000. Ethereum, and other altcoins retreat Ethereum (ETH), the second-largest cryptocurrency by market capitalisation, briefly surpassed the $2,500 level but failed to hold gains. It was last quoted at $2,451.87, down 0.98 percent, with a trading volume of $1.7 billion. Ethereum's 24-hour price range stood between $2,386.32 and $2,500.11. Other major cryptocurrencies were also under pressure. Hyperliquid (HYPE) was trading about 1 percent lower, while Cardano (ADA) declined by 2.12 percent. Solana (SOL) dropped 2.78 percent, Binance Coin (BNB) edged lower by 0.20 percent, and Ripple (XRP) fell by 4 percent. Meanwhile, the US dollar-pegged stablecoin Tether (USDT) remained flat at $1. Ripple (XRP), Biswap (BSW), Wormhole (W), Solana (SOL), and AICell (AICELL) were among the top trending cryptocurrencies on CoinMarketCap on Friday.
Time of India
11-06-2025
- Business
- Time of India
Crypto market rises ahead of US inflation data; Ethereum nears $2,800, Altcoins rally up to 8%
Bitcoin continued to hover above the $109,600 mark on Wednesday, with broader crypto markets extending gains amid renewed institutional interest and optimism around upcoming macroeconomic data. At 12:38 pm IST, Bitcoin was trading 0.2% higher at $109,690 after hitting an intraday low of $108,367, according to CoinMarketCap. Ethereum surged 4.5% to $2,793, breaking through key resistance levels and leading gains among major altcoins . The global cryptocurrency market capitalisation rose 1% to $3.45 trillion. Altcoins followed Bitcoin's lead, posting notable gains across the board. Solana advanced 5%, Dogecoin climbed 4%, and Cardano rose 3.7%. Hyperliquid led the rally among top altcoins with an 8.4% gain, while Sui and Shiba Inu added 6% and 3%, respectively. Uniswap's UNI token jumped 18% on favourable regulatory developments, while XRP and BNB saw modest gains of 0.3% and 1.3%. Crypto Tracker TOP COIN SETS DeFi Tracker 16.36% Buy NFT & Metaverse Tracker 7.47% Buy Web3 Tracker 6.98% Buy Smart Contract Tracker 6.69% Buy BTC 50 :: ETH 50 5.84% Buy TOP COINS (₹) Solana 14,247 ( 4.84% ) Buy Ethereum 238,324 ( 3.88% ) Buy BNB 57,390 ( 1.27% ) Buy XRP 197 ( 0.8% ) Buy Bitcoin 9,363,727 ( -0.03% ) Buy Vikram Subburaj, CEO of Giottus, noted that Bitcoin is consolidating just below the crucial $110,000 mark ahead of key U.S. inflation readings. 'This is a decisive week with CPI and PPI data expected. These numbers will set the tone for the upcoming FOMC meeting, where traders are watching for any signals on rate cuts,' he said. 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 » Subburaj also pointed to a rise in the Coinbase Premium Index, indicating institutional accumulation. 'Tether Treasury's surprise minting of $1 billion in USDT on the Tron network further supports market liquidity. The timing appears aligned with institutional OTC settlements,' he added. Live Events Riya Sehgal, Research Analyst at Delta Exchange, said Ethereum has shown strong momentum, breaking above $2,700 and consolidating near $2,800. 'Open interest has surged to a record $40 billion. A break above $2,900 could trigger liquidations worth $1.8 billion, potentially pushing ETH toward the $3,000 mark,' she noted. Sehgal added that Bitcoin and Ethereum ETFs saw net inflows of $431 million and $125 million, respectively, on June 10. Notably, BlackRock added 3,050 BTC and 30,080 ETH to its holdings, reinforcing institutional confidence in the sector. Also Read: Civil War has begun! Rich Dad Poor Dad author Robert Kiyosaki warns of global chaos, backs Bitcoin as the only safe haven According to CoinSwitch Markets Desk, Ethereum's long-term appeal remains strong with 34.6 million ETH—around 28% of the total supply—now staked in the network's proof-of-stake contract, valued at nearly $90 billion. The circulation of PayPal's PYUSD also returned to its $1 billion peak, suggesting a rebound in stablecoin demand.
Economic Times
09-06-2025
- Business
- Economic Times
Crypto prices today: Bitcoin holds steady above $105,000 as investors await key US data
Bitcoin traded mostly flat on Monday, maintaining a steady position above the $105,000 mark, as investors watched global economic cues and anticipated fresh triggers from US inflation and interest rate data. ADVERTISEMENT At 11:38 am IST, Bitcoin was down 0.1% at $105,496, while Ethereum slipped 1.1% to $2,485, according to CoinMarketCap. The world's largest cryptocurrency touched an intraday high of $106,497, holding firm despite recent volatility. The global crypto market cap edged lower by 0.13% to $3.29 trillion. 'Bitcoin is currently consolidating near $105,500 after retreating from its recent all-time high of $111,000,' said Sathvik Vishwanath, Co-Founder and CEO of Unocoin. 'The correction was largely driven by macroeconomic pressures, including rising bond yields and global tariff tensions. But strong institutional inflows and ETF demand continue to support the bullish structure.' Analysts noted that Bitcoin continues to trade above its 50-day and 200-day moving averages, pointing to underlying strength. Market watchers highlighted $106,500 as the next resistance to watch, while key support sits around $103, Subburaj, CEO of Giottus, said, 'Bitcoin reclaimed $105,000 over the weekend despite earlier ETF outflows and a risk-off sentiment favouring precious metals. It is now consolidating again and could test the $108,000 level soon, though seasonal factors may cap upside in the short term.'Adding to the optimism, on-chain data suggests rising interest from large holders. 'CryptoQuant data shows whale holdings have surged to 3.57 million BTC, nearing the previous all-time high,' said Alankar Saxena, Co-founder and CTO of Mudrex. 'This trend indicates that institutions and high-net-worth investors are accumulating during dips, expecting higher prices ahead.' ADVERTISEMENT However, Saxena cautioned that if Bitcoin fails to hold above current levels, support at $101,600 could come into play before fresh buying resumes. Also Read: Interest rate wars: Which central banks are cutting, which are hiking? ADVERTISEMENT Altcoins showed a mixed performance. XRP led gains with a 3% rally, while Solana, Avalanche, Hedera, and Internet Computer also edged higher, rising up to 6.4%. Meanwhile, BNB, Dogecoin, Tron, Sui, Chainlink, and Shiba Inu slipped by up to 2%.CoinSwitch Markets Desk noted, 'BTC has recovered from its recent drop to $101,000 and is now showing signs of renewed strength. ETH, meanwhile, continues to hover near $2,500.' ADVERTISEMENT Also read: Exclusive | Raamdeo Agrawal reveals his simple 2-step formula for finding multibagger stocksIn a notable development, XRP was added to the Nasdaq Crypto US Settlement Price Index, marking another step toward institutional adoption. Separately, Cetus Protocol — a decentralised exchange on the Sui and Aptos networks — relaunched after a $223 million exploit, claiming to have restored 99% of its liquidity. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) ADVERTISEMENT (You can now subscribe to our ETMarkets WhatsApp channel)
Economic Times
14-05-2025
- Business
- Economic Times
Bitcoin tops $103,000 as softer US inflation boosts rate cut hopes
Bitcoin and other major cryptocurrencies traded higher on Wednesday after softer-than-expected U.S. inflation data and easing trade tensions boosted investor sentiment, reviving hopes of interest rate cuts by the Federal Reserve later this year. ADVERTISEMENT As of 1:04 PM IST, Bitcoin was up 1% at $103,481, while Ethereum surged 7.3% to $2,650. The global crypto market capitalisation rose 2.8% to $3.38 trillion, with altcoins like XRP, Solana, Dogecoin, and Shiba Inu gaining between 3% and 9%. The latest U.S. Consumer Price Index (CPI) showed inflation rose just 0.2% in April, below the 0.3% forecast, easing concerns over further interest rate hikes. This, along with improved trade relations between the U.S. and China, lifted risk appetite across crypto markets. 'Bitcoin is trading near $103,500 as markets absorb April's CPI report showing steady inflation. With the Fed now under less pressure to hike rates, BTC is gaining traction as a hedge and high-yield store of value,' said Sathvik Vishwanath, Co-Founder & CEO of Unocoin. 'A bullish MACD crossover and RSI at 54 suggest rising momentum, though resistance at $105,000 remains a key barrier. Whales like Tether are accumulating, while some ETFs show profit-booking, signalling mixed institutional sentiment.'He added that if Bitcoin breaks above $105,000, a run toward $110,000 is plausible. 'A calm CPI keeps Bitcoin's uptrend cautiously intact, fueling crypto confidence this week.'According to Vikram Subburaj, CEO of Giottus Crypto Platform, Bitcoin continues to consolidate above $103,000 as risk-on sentiment builds. He pointed out that neutral funding rates and steady trading volumes suggest the rally remains structurally strong. ADVERTISEMENT 'Ethereum and Dogecoin led the gains among key altcoins with 7–8% rallies, while Solana, Cardano, and Tron posted 2–6% increases,' Subburaj noted. 'BTC dominance has dropped nearly 5% this week to 62.2%, hinting at a potential altcoin rotation in the near term.'Subburaj believes a period of consolidation may precede Bitcoin's next move toward the $110,000 mark. ADVERTISEMENT The Crypto Fear and Greed Index touched 70, indicating growing optimism among traders. Market observers believe this could further support buying interest in Bitcoin and Ethereum, especially if macroeconomic data continues to remain on a weekly time frame, made a 'Bullish Engulfing' candle around the key support of $73,500 and started moving up by forming a 'Higher High and Higher Low' pattern. The asset broke the downsloping trendline and the psychological level of $100,000. The price surged almost 39.75%, from $74,508 to $105,085. BTC has strong resistance at $110,000, whereas $100,000 and $90,000 will act as strong support levels for the asset. 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)
