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Economic Times
2 days ago
- Business
- Economic Times
Bitcoin holds above $104k as Fed signals hawkish pause; Altcoins trade mixed
Crypto markets showed a slight dip. Investors are watching the US Federal Reserve's interest rate call and global tensions. Bitcoin dipped a bit, so did Ethereum. Altcoins had mixed results. Experts say Bitcoin is holding steady despite market worries. Bitcoin ETFs are seeing strong inflows. Ethereum is facing resistance. Dogecoin is showing bullish signs. Tired of too many ads? Remove Ads Crypto TrackerPowered By TOP COINS TOP COIN SETS XRP 187.49 ( 1.03 %) Buy Ethereum 2,20,025 ( 0.87 %) Buy Bitcoin 91,08,648 ( 0.66 %) Buy BNB 55,938 ( -0.07 %) Buy Solana 12,669.18 ( -0.49 %) Buy Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Cryptocurrencies traded with a slight negative bias on Thursday, as investors weighed the US Federal Reserve's latest interest rate decision and ongoing geopolitical tensions As of 1:26 pm IST, Bitcoin was down 0.26% at $104,704, while Ethereum slipped 0.45% to $2,521. The global crypto market capitalisation declined by 0.3% to $3.25 trillion, according to CoinMarketCap Among altcoins , BNB dropped 1%, Solana 1.7%, Dogecoin 0.6%, Cardano 2.6%, Hyperliquid 6%, Sui 2%, and Avalanche 4%. Tron rose 1%, Chainlink gained 0.5%, Uniswap added 3.5%, Pepe advanced 1%, while OKB jumped 7%.'Bitcoin is trading in a narrow range between $103,400 and $105,500 after the Fed held rates unchanged at 4.25%–4.50%, maintaining a hawkish tone due to inflation concerns,' said Edul Patel, Co-founder and CEO of added that Bitcoin continues to hold key support levels despite macroeconomic and geopolitical headwinds. 'Notably, Bitcoin ETFs have recorded eight straight days of inflows totalling over $2.2 billion, indicating strong institutional demand. If this momentum continues, Bitcoin could soon test the resistance at $106,500, while support is seen around $103,000.'Also Read: Will Bitcoin hit $1 million by 2030? 'Rich Dad Poor Dad' author Robert Kiyosaki thinks so Vikram Subburaj, CEO of Giottus, noted that while crypto markets reacted mildly to the Fed's decision, Bitcoin's tight price structure points to an imminent breakout.'Ask-side liquidity is clustering above $106,000, with nearly $70 million in orders stacked around $106,500. A breakout past this level could trigger a short squeeze, targeting the $109,000–$110,000 zone. Recent bid absorption at $105,000 indicates bulls are still defending this level effectively,' he to Riya Sehgal, Research Analyst at Delta Exchange, Ethereum continues to trade below key resistance and lacks near-term momentum. 'ETH is struggling below the $2,600 mark, with resistance in the $2,575–$2,625 zone. Trading below the 100-hour simple moving average, Ethereum risks a drop toward $2,320 if support fails.'On Bitcoin's outlook, she noted that the price is consolidating between $104,200 and $105,600, with resistance around $105,500. 'A breakout above $106,150 could push BTC toward the $108,800–$110,000 zone. However, the current structure of lower highs suggests bounce momentum is weak,' she recent volatility, some analysts believe the market is stabilising.'After a turbulent week, Bitcoin is holding firm above $100,000, showing resilience and forming a solid support base,' said Avinash Shekhar, Co-founder and CEO of Pi42. 'Ethereum has outperformed Bitcoin in the current geopolitical climate, fuelling early chatter of a potential altseason.'He added that Dogecoin is mirroring past bullish setups last seen in 2020, which preceded strong rallies. 'The Fed's decision to keep rates unchanged has helped calm market nerves. While questions remain about whether Bitcoin has peaked in this cycle, its ability to absorb volatility and defend key levels suggests that bullish sentiment, although cautious, still persists.'(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
2 days ago
- Business
- Time of India
Bitcoin holds above $104k as Fed signals hawkish pause; Altcoins trade mixed
Cryptocurrencies traded with a slight negative bias on Thursday, as investors weighed the US Federal Reserve's latest interest rate decision and ongoing geopolitical tensions . As of 1:26 pm IST, Bitcoin was down 0.26% at $104,704, while Ethereum slipped 0.45% to $2,521. The global crypto market capitalisation declined by 0.3% to $3.25 trillion, according to CoinMarketCap . 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 Among altcoins , BNB dropped 1%, Solana 1.7%, Dogecoin 0.6%, Cardano 2.6%, Hyperliquid 6%, Sui 2%, and Avalanche 4%. Tron rose 1%, Chainlink gained 0.5%, Uniswap added 3.5%, Pepe advanced 1%, while OKB jumped 7%. Crypto Tracker TOP COIN SETS Crypto Blue Chip - 5 -1.95% Buy DeFi Tracker -4.21% Buy AI Tracker -5.90% Buy NFT & Metaverse Tracker -8.66% Buy Web3 Tracker -9.01% Buy TOP COINS (₹) XRP 188 ( 0.88% ) Buy Ethereum 220,214 ( 0.76% ) Buy Bitcoin 9,107,680 ( 0.48% ) Buy BNB 55,992 ( -0.27% ) Buy Solana 12,666 ( -0.82% ) Buy 'Bitcoin is trading in a narrow range between $103,400 and $105,500 after the Fed held rates unchanged at 4.25%–4.50%, maintaining a hawkish tone due to inflation concerns,' said Edul Patel, Co-founder and CEO of Mudrex. 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 » He added that Bitcoin continues to hold key support levels despite macroeconomic and geopolitical headwinds. 'Notably, Bitcoin ETFs have recorded eight straight days of inflows totalling over $2.2 billion, indicating strong institutional demand. If this momentum continues, Bitcoin could soon test the resistance at $106,500, while support is seen around $103,000.' Live Events Also Read: Will Bitcoin hit $1 million by 2030? 'Rich Dad Poor Dad' author Robert Kiyosaki thinks so Vikram Subburaj, CEO of Giottus, noted that while crypto markets reacted mildly to the Fed's decision, Bitcoin's tight price structure points to an imminent breakout. 'Ask-side liquidity is clustering above $106,000, with nearly $70 million in orders stacked around $106,500. A breakout past this level could trigger a short squeeze, targeting the $109,000–$110,000 zone. Recent bid absorption at $105,000 indicates bulls are still defending this level effectively,' he said. According to Riya Sehgal, Research Analyst at Delta Exchange, Ethereum continues to trade below key resistance and lacks near-term momentum. 'ETH is struggling below the $2,600 mark, with resistance in the $2,575–$2,625 zone. Trading below the 100-hour simple moving average, Ethereum risks a drop toward $2,320 if support fails.' On Bitcoin's outlook, she noted that the price is consolidating between $104,200 and $105,600, with resistance around $105,500. 'A breakout above $106,150 could push BTC toward the $108,800–$110,000 zone. However, the current structure of lower highs suggests bounce momentum is weak,' she added. Despite recent volatility, some analysts believe the market is stabilising. 'After a turbulent week, Bitcoin is holding firm above $100,000, showing resilience and forming a solid support base,' said Avinash Shekhar, Co-founder and CEO of Pi42. 'Ethereum has outperformed Bitcoin in the current geopolitical climate, fuelling early chatter of a potential altseason.' He added that Dogecoin is mirroring past bullish setups last seen in 2020, which preceded strong rallies. 'The Fed's decision to keep rates unchanged has helped calm market nerves. While questions remain about whether Bitcoin has peaked in this cycle, its ability to absorb volatility and defend key levels suggests that bullish sentiment, although cautious, still persists.'
Yahoo
2 days ago
- Business
- Yahoo
BNB Hits Resistance at $654 as Israel-Iran Conflict Rattles Crypto Traders
BNB is stumbling beneath a stiff resistance level of $654, according to CoinDesk Research's technical analysis model, with price swings driven by a surge of global unease following the ongoing war between Israel and Iran. The token fell back after briefly breaking above $650, showing signs of stress, while the broader market gauge. CoinDesk 20 Index remained flat in the last 24 hours of trading. The drop in BNB price comes as the crypto market is rattled over Donald Trump's call for Iran's 'unconditional surrender,' after saying the country's leader was an 'easy target.' On the prediction market Polymarket, the odds of U.S. military action in the region before the end of the month have jumped to 61%. If the timeline is extended to next month, the odds rise to 69%. However, some bullish sentiment remains in the broader crypto market. The U.S. Senate passed stablecoin legislation this week, a sign of growing regulatory clarity that some in the industry view as a turning point. Corporate bitcoin buying also appears to be holding up demand even as short-term volatility increases. BNB is currently consolidating in a volatile range, showing signs of both accumulation and hesitation among traders. The asset traded within a 24-hour range of 2.53%, climbing from $641 to a session high of $654 before facing rejection. A potential resistance zone has formed near $653.5, confirmed by repeated failures to break higher and a spike in selling activity and volume around that area. A significant support level emerged at $638, marked by the day's highest volume spike that points to strong buyer interest. The price touched a low of $637 before showing signs of stabilization. Since then, BNB has posted three consecutive higher lows, hinting at a potential double bottom and renewed buying interest. Market participants might be watching whether BNB can hold above the $640 support line. A sustained move higher may require clearing resistance at $654 with stronger conviction, while a break below $637 could trigger a deeper pullback. Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Economic Times
3 days ago
- Business
- Economic Times
Bitcoin or Gold: What's the real safe haven during global crises?
As geopolitical tensions between Iran and Israel flare up, investors are turning to traditional safe-haven assets to shield their portfolios. At the centre of this flight to safety are two competing assets: gold, the age-old hedge, and Bitcoin, often dubbed 'digital gold.' Tired of too many ads? Remove Ads Crypto TrackerPowered By TOP COINS TOP COIN SETS BNB 56,243 ( -0.78 %) Buy Ethereum 2,19,079 ( -1.25 %) Buy Bitcoin 90,73,293 ( -1.31 %) Buy Solana 12,760.26 ( -2.47 %) Buy XRP 186.4 ( -2.72 %) Buy Tired of too many ads? Remove Ads Safe haven or speculative asset? As geopolitical tensions between Iran and Israel flare up, investors are turning to traditional safe-haven assets to shield their portfolios. At the centre of this flight to safety are two competing assets: gold , the age-old hedge, and Bitcoin , often dubbed 'digital gold.' But recent market behaviour raises a question—can Bitcoin truly rival gold in times of global stress?Gold prices have surged since tensions erupted, hitting record highs. On June 12, gold was priced at Rs 96,700 and touched Rs 1,01,078 by June 16. Although there was some profit booking later—with prices retreating to Rs 99,452 by June 18—the rally underscored investor preference for the tangible metal amid mirrors a broader trend. Central banks globally have been consistently adding gold to their reserves, reinforcing the metal's status as a defensive asset during crisis periods.'Gold has long held its ground as a traditional safe haven during periods of geopolitical and economic uncertainty,' said Prasanna Pathak, Managing Partner at The Wealth Company. 'Its intrinsic value, limited supply, and global acceptance make it a go-to asset when investors seek refuge from volatility.'Bitcoin, on the other hand, hasn't shown similar resilience. During the flare-up in the Middle East, Bitcoin fell from $109,000 on June 12 to $103,700 on June 17—wiping out nearly 5% in value. This mirrored the broader decline in risk assets such as equities, in stark contrast to gold's rally.A similar trend was observed during the Russia-Ukraine war in February 2022, when Bitcoin dropped from $45,000 to $35,000 in a matter of days.'While Bitcoin has emerged as a digital alternative and has its merits in portfolio diversification, its behaviour during recent geopolitical tensions suggests that it still reacts more like a risk asset than a crisis hedge,' Pathak its short-term volatility, some experts believe Bitcoin is beginning to carve out a longer-term role in modern portfolios.'With institutional giants like BlackRock and Fidelity backing U.S. Bitcoin ETFs, and over $60 billion now held in these funds, Bitcoin is becoming a globally accessible store of value,' said Devika Mittal, Regional Head at Ava Labs. 'It's no longer just a speculative asset—it's earning a place in conversations around financial security.'Vugar Usi Zade of Bitget added, 'Bitcoin offers liquidity and insulation from government actions during crises, though its volatility remains higher than gold.'The recent geopolitical developments have rekindled the debate around which asset offers better protection during global crises. While gold has a long-established track record of stability in uncertain times, Bitcoin continues to evolve, drawing both interest and consistent performance during recent market shocks reinforces its role as a dependable safe haven. Bitcoin, meanwhile, has shown potential but remains sensitive to investor sentiment and broader market the global financial landscape shifts, both assets may continue to play distinct roles—gold as a traditional shield, and Bitcoin as a high-growth, alternative store of value with long-term promise.(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
4 days ago
- Business
- Time of India
Bitcoin steady at $107k amid institutional buying; Altcoins trade mixed
Bitcoin experienced a surge, briefly reaching $108,915, fueled by significant institutional investments from Strategy and Metaplanet. Ethereum also saw substantial whale accumulation, maintaining its position above $2,500. Market volatility persisted due to geopolitical tensions and ETF-related developments, with analysts closely monitoring key resistance and support levels for both Bitcoin and Ethereum. Tired of too many ads? Remove Ads Crypto TrackerPowered By TOP COINS TOP COIN SETS XRP 192.29 ( 2.01 %) Buy BNB 56,606 ( 0.35 %) Buy Bitcoin 9,189,523 ( -0.23 %) Buy Ethereum 222,208 ( -1.58 %) Buy Solana 13,174.2 ( -2.48 %) Buy Tired of too many ads? Remove Ads The cryptocurrency market traded mixed on Tuesday, with Bitcoin and Ethereum showing modest gains while several altcoins saw sharp divergence in price action amid continued institutional interest and broader macro 10:53 am IST, Bitcoin was trading 0.7% higher at $107,231 after briefly touching an intraday high of $108,915. Ethereum edged up 0.1% to $2,582. The total global cryptocurrency market capitalisation rose by 0.57% to $3.34 trillion, according to data from altcoins, XRP gained 3%, Tron 2%, Chainlink 1%, and Uniswap jumped 4.2%. On the downside, Solana dropped 2.5%, Dogecoin fell 1.8%, and Cardano declined 1.2%.BNB, Stellar, and Sui saw marginal movements, while Avalanche also slipped 1.3%.Bitcoin's momentum was boosted by recent large-scale institutional moves. Edul Patel, Co-founder and CEO of Mudrex, noted that 'Bitcoin briefly reclaimed the $108,000 level as strong institutional interest lifted market sentiment,' pointing to Strategy's $1.05 billion acquisition of 10,100 BTC and Metaplanet's reserves crossing 10,000 BTC as key also saw notable accumulation activity. 'Whale accumulation in ETH jumped by over 818,000 coins, marking the highest daily inflow in over six years,' Patel added, helping keep the asset above $2, market also reacted to geopolitical developments and fresh ETF-related news. The CoinSwitch Markets Desk highlighted that Bitcoin dipped overnight to $106,400 amid rising tensions in the Middle East, but quickly recovered after Trump Media & Technology Group filed with the U.S. SEC for a dual BTC and ETH ETF.'ETH futures open interest hit a yearly high of $36.56 billion, with the token testing a long-standing resistance zone,' CoinSwitch added. Meanwhile, Tron made headlines after announcing plans to go public in the U.S. via a reverse merger with Nasdaq-listed SRM Sehgal, Research Analyst at Delta Exchange, said Bitcoin is 'consolidating between $106K–$108K with lower highs and declining volume,' suggesting short-term seller dominance. She noted that a move below $106K could push prices towards $104K and $101.5K, while a breakout above $108K could retest the $110K Ethereum, she noted the asset 'remains under pressure' after failing to break the $2,620–$2,640 zone. 'If $2,560 breaks, the next supports are $2,500 and $2,440,' she added. ETF flows on June 16 remained strong, with BTC ETFs seeing $408.6 million in net inflows and ETH ETFs drawing $21.4 Vishwanath, Co-founder and CEO of Unocoin, said Bitcoin is 'holding steady around $107,000' despite global uncertainty. 'The $108K–$110K range is now a crucial resistance zone, while support is firm near $104K. A breakout above $110K could trigger a rally towards $115K.'He added that the Relative Strength Index (RSI) remains in healthy territory, indicating room for further upside, though the market continues to remain sensitive to macro events.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
