Cryptocurrency

According to the data, 62 per cent of women respondents said they are very likely to invest in crypto in the next 6-12 months, while another 23 per cent said they are somewhat likely to invest

Analysts said inflows into US spot Bitcoin ETFs and improving risk appetite have supported the broader rebound in digital assets, lifting Ethereum, Binance Coin, Solana, and XRP alongside Bitcoin

If Bitcoin continues to defend the $67,000-$68,000 band, analysts said it would reinforce the argument that the market is building resilience and could gather momentum above $70,000

Cryptocurrencies had recovered roughly $32 billion in market value by Sunday morning, after shedding about $128 billion the previous day, according to data from CoinGecko

Analysts caution that near-term uncertainty persists due to derivatives expiries, macroeconomic risks, and continued correlation with broader risk assets

Strength spilled into the altcoin complex, where Cardano, Solana, BNB, XRP, and Hyperliquid advanced as much as 8 per cent

Globally, investor sentiment has shifted to extreme fear, leading to reduced risk appetite and capital rotation into safer assets such as precious metals, says Gracy Chen, CEO, Bitget

Broader market stability, analysts said, is likely to hinge on easing macro headwinds and a rebound in capital flows, conditions that remain elusive in the current environment

India, to truly excel in Web3, Sumit Gupta of CoinDCX said, must move beyond reactive policies and craft regulations that foster innovation, protect consumers, address risks, and provide clarity

A break below support, analysts said, could trigger deeper corrections, while historical trends suggest that sustained levels may pave the way for a short-term relief rally

Commenting on the ongoing volatility in Bitcoin, Eric acknowledged the sharp price swings but remained optimistic about its long-term potential

Glassnode's latest weekly on-chain assessment places Bitcoin well below its estimated 'true market mean' near $79,000

The flagship token briefly slipped below $68,000 before recovering to $68,500, maintaining a sideways range between $65,000 and $70,000 over the past ten days

A strong recovery in Bitcoin above $70,000, analysts believe, could help restore broader market confidence, while failure to hold current supports may trigger another wave of risk-off sentiment

In the Union Budget 2022-23, the government clearly defined VDAs such as cryptocurrencies and NFTs under the Income Tax Act for the first time

Extreme volatility is nothing new to cryptocurrencies, but Bitcoin's slump from a peak of $126,000 in October last year comes despite the backdrop of a crypto-friendly White House and surging adoption

Crypto markets have remained under pressure since October last year, after Bitcoin scaled its peak and has since been on a declining trajectory

Cryptocurrencies have been on shaky ground ever since a brutal series of liquidations in October that sapped market confidence

Altcoins followed a similar risk-off trajectory. Ethereum, BNB and Solana reflected weaker bid depth during the pullback

The data will be shared under the OECD-led Crypto-Asset Reporting Framework, enabling automatic exchange of crypto transaction details between tax authorities