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Economic Times
3 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)
Time of India
3 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
4 days ago
- Business
- Business Standard
Bitcoin holds above $107k; analysts eye $110K breakout; altcoins mixed
Bitcoin price today, Thursday, June 26, 2025: Bitcoin (BTC) bulls have regained momentum, with the flagship cryptocurrency holding firmly above the $107,600 mark. The rebound comes on the back of a dovish tone from the US Federal Reserve and easing geopolitical tensions, both of which have improved risk sentiment across global markets. Bitcoin briefly touched an intraday high of $108,305 before retreating slightly, as profit booking emerged at higher levels. Despite the minor pullback, the broader sentiment remains positive, said the analysts. At last check, Bitcoin was trading at $107,686.26, up 1.31 per cent over the past 24 hours, with trading volumes reaching $51.76 billion, according to data from CoinMarketCap. The cryptocurrency fluctuated between $106,180.47 and $108,305.54 during the session. Bitcoin's market capitalisation stood at $2.13 trillion, reinforcing its status as the world's largest cryptocurrency by market cap. Bitcoin is currently trading nearly 3.8 per cent below its all-time high of $111,970.17, which was recorded on May 22, 2025. That said, the corporate accumulation of Bitcoin continues to rise, with Metaplanet now holding more BTC than Tesla. Bitcoin's consolidation sets up a potential breakout Bitcoin has risen, Vikram Subburaj, CEO, Giottus Crypto Platform, said, aided by a dovish US Fed tone as well as by equity markets showing strength. Open interest suggests a possible squeeze towards $110,000 before a reversal. "If a pullback ensues, key levels around $106,000 and $104,000 should offer strong support," said Subburaj. Bitcoin's recent rebound above $107,000, Riya Sehgal, research analyst, Delta Exchange, said, reflects robust market confidence, especially as it continues to hold above the key short-term holder realised price of $98,000. "This level not only serves as psychological support but also reinforces the bullish momentum building around BTC. Current consolidation near $107,400–$108,000 sets up a potential breakout toward $110,000 and $112,000," said Sehgal. With the US Dollar Index hitting a multi-year low, Sehgal believes Bitcoin is increasingly being viewed as a resilient high-growth asset in times of macroeconomic uncertainty. Ethereum and other altcoins Meanwhile, Ethereum (ETH) has posted a solid 15 per cent recovery from recent lows, currently consolidating above $2,450 and eyeing a breakout past the $2,550 resistance zone. Last check, it was trading at $2,473.06, higher by 1.53 per cent with a trading volume of $18.17 billion. Ethereum has traded in the range of $2,394.61 – $2,519.62 in the last 24 hours. Among other popular altcoins, Ripple (XRP) was trading higher by 0.33 per cent, and Binance Coin (BNB) by 0.30 per cent, while Cardano (ADA) was trading lower by 2.2 per cent, Hyperliquid (HYPE) was down 2 per cent, and Solana (SOL) was lower by 1 per cent.
Time of India
7 days ago
- Business
- Time of India
Bitcoin falls below $99K amid Middle East tensions; Altcoins drop up to 4%
Bitcoin briefly slipped below the $99,000 mark early Monday, pressured by escalating tensions in the Middle East and broad risk-off sentiment across financial markets. As of 11:59 am IST, Bitcoin was down 1% at $101,913 after hitting an intraday low of $98,286. Ethereum dropped 2% to $2,246. The global crypto market cap fell 1.18% to $3.12 trillion, according to CoinMarketCap. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Building Automation Systems Software Cost Might Surprise you Automation Systems | Search Ads Undo Altcoins also declined sharply: XRP fell 3%, BNB 2%, Solana 1.5%, Tron 2%, Dogecoin 2%, Cardano 1.5%, while Sui, Stellar, Toncoin, and Shiba Inu lost between 1.5% and 4%. Crypto Tracker TOP COIN SETS Crypto Blue Chip - 5 -7.00% Buy NFT & Metaverse Tracker -12.87% Buy Web3 Tracker -13.29% Buy AI Tracker -13.56% Buy DeFi Tracker -14.53% Buy TOP COINS (₹) Solana 11,657 ( -0.24% ) Buy Bitcoin 8,843,545 ( -0.36% ) Buy Ethereum 195,976 ( -0.44% ) Buy BNB 54,142 ( -1.18% ) Buy XRP 176 ( -2.14% ) Buy The fall comes after the U.S. launched strikes on Iranian nuclear sites over the weekend, heightening fears of retaliation and energy supply disruption. 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 briefly went below $99,000 in reaction to the escalation of the conflict between the US and Iran,' said Vikram Subburaj, CEO of Giottus Crypto Platform. 'If tensions escalate, Bitcoin could test $92,000, where it may find a local bottom.' Live Events CoinSwitch Markets Desk added that Bitcoin broke below the $100K mark over the weekend and took support near $98.2K. 'If the Strait of Hormuz is closed, Bitcoin could dip further. Key support lies in the $94K–$98K range. However, if the situation de-escalates, BTC's chart is forming an inverse head and shoulders pattern that could signal a move towards $135K.' Also Read: From thrill to trust: How Gen-Z is redefining crypto investing in India Investors are also watching the U.S. Federal Reserve closely amid concerns that rising oil prices could delay interest rate cuts. Fed Governor Christopher Waller recently backed a July cut, but most policymakers remain cautious, with a September move seen as more likely. Fed Chair Jerome Powell is set to testify this week. 'The geopolitical risks and a hawkish Fed are keeping market volatility elevated,' said Shivam Thakral, CEO of BuyUcoin. 'Bitcoin is holding above $100K, but the support is weak due to sustained selling pressure.' Despite the fall, some market participants see signs of accumulation. 'Bitcoin is on a recovery path, rebounding nearly 3% from weekend lows,' said Edul Patel, co-founder and CEO of Mudrex. 'On-chain data shows long-term holders stepping in while short-term sellers retreat — a pattern historically seen near market bottoms.' Sathvik Vishwanath, CEO of Unocoin, noted that Bitcoin dropped from $111.8K to ~$98.5K, wiping out $80 billion in market cap and triggering a liquidation of over $750 million in long positions. 'BTC has entered a demand zone near $98K. A daily close below $97.8K could extend losses to $92.5K. But a bounce above $101K may trigger a move towards $105K–$107.6K,' he said. Also Read: XRP could hit $5 by 2025, Solana eyes $300: Bitget analyst explains what's driving the rally
Business Standard
19-06-2025
- Business
- Business Standard
Bitcoin fluctuates in narrow band as Fed's rate pause keeps markets on edge
Bitcoin price today, Thursday, June 19, 2025: The flagship cryptocurrency Bitcoin (BTC) is trading in a narrow range between $103,600 and $105,500 after US Federal Reserve Chairman Jerome Powell announced to keep the interest rates unchanged at 4.25 per cent–4.50 per cent, with a hawkish stance, citing inflation concerns. Analysts said that the markets had already priced in the US Fed's decision and expect Bitcoin to consolidate near current levels. Bitcoin was trading at around $104,996.65, down 0.41 per cent, with a trading volume of $48.34 billion, at 11:37 AM on Thursday, June 19, 2025, according to data from CoinMarketCap. The bellwether currency has fluctuated in the range of $103,602.26 - $105,542.84 in the last 24 hours. Bitcoin's market capitalisation was recorded at $2.08 trillion, cementing its position as the world's largest cryptocurrency by market value. Bitcoin to consolidate at current levels Vikram Subburaj, CEO of Giottus Crypto Platform, believes that there is a strong likelihood for Bitcoin to consolidate at current levels and undergo a short squeeze towards $109,000. "Bitcoin currently sits just below a Fair Value Gap zone, with resistance flagged at $106,179 and $108,046. The downside risk for Bitcoin this weekend remains limited after its drop earlier in the week," Subburaj said. Meanwhile, Edul Patel, Co-founder and CEO of Mudrex, on the other hand, remains optimistic and said, "Despite short-term pressure from macroeconomic and geopolitical factors, Bitcoin remains resilient near key support levels." Notably, Bitcoin ETFs have recorded eight consecutive days of inflows totaling over $2.2 billion, reflecting strong institutional interest. "With continued demand, Bitcoin could soon attempt the resistance at $106,500, while support holds firm around $103,000," said Patel. It is worth noting that Bitcoin is currently trading nearly 6.27 per cent lower from its peak of $111,970.17 scaled on May 22 this year. Ethereum and other altcoins trade lower Ethereum (ETH), the second-largest cryptocurrency by market capitalisation, slipped briefly below the $2,500 mark but regained it and was holding above it. Last checked, it was quoted at $2,520.77, down 0.71 per cent, with a trading volume of $19.46 billion. ETH swung in the range of $2,469.05 - $2,546.77 over the past 24 hours. Among other popular cryptocurrencies, Hyperliquid (HYPE) was trading lower by 7.37 per cent, Cardano (ADA) was trading lower by 2.71 per cent, Solana (SOL) was down 1.71 per cent, Binance Coin (BNB) dropped 1.24 per cent, and Ripple (XRP) was down by merely 0.05 per cent. Meanwhile, the US dollar-linked stablecoin Tether was trading flat at $1.
