India has allowed cryptocurrencies to exist in a grey zone since a court in 2018 struck down Reserve Bank of India (RBI) policies that effectively banned them
Analysts attributed the decline to a combination of profit booking by large holders, softer risk appetite, concerns over financing risks at Strategy Inc.
Analysts attribute the correction to a combination of macroeconomic uncertainty, tighter liquidity conditions, and a broader risk-off sentiment across global markets
Bitcoin climbed nearly 3% in early Asian trading to around $65,400 after the US and Iran signalled a de-escalation of hostilities, boosting risk appetite across global markets
Analysts noted that the scale of the unwind indicates that the downturn was driven not just by spot selling but also by aggressive deleveraging in derivatives markets
Bitcoin Pizza Day commemorates the first real-world Bitcoin transaction, when programmer Laszlo Hanyecz paid 10,000 BTC for two pizzas on May 22, 2010.
Bitcoin's price slumped as cryptocurrencies across the board saw nearly $500 million in liquidations of bullish bets within 15 minutes during early Asia trading on Monday
The move, they believe, could create a more stable and transparent framework that encourages institutional participation, strengthens investor confidence, and supports innovation
BitDelta has launched India operations after registering with FIU-IND, planning a 100-member team and investing in security and infrastructure amid intense competition
Analysts believe that steady inflows into Bitcoin-linked investment products signal underlying demand, suggesting corrections may attract long-term capital despite near-term volatility
Since 2021, several prominent crypto leaders worldwide have been arrested or convicted for fraud, money laundering, and compliance failures, exposing structural risks in the fast-growing industry
At the same time, flagship digital asset Bitcoin has continued to show relative strength, outperforming gold and the S&P 500 since the start of the US-Iran conflict, gaining roughly 7 per cent while