Crypto Trading

Binance's APAC head says India is the fastest-growing digital asset market globally despite regulatory uncertainty, with explosive potential driven by mobile penetration and savvy users

Analysts remain cautiously optimistic but note that liquidity conditions and global macro developments will shape the near-term trajectory

Bitcoin shed more than $18,000 in November, as a record amount of money rushed out of the market, making this its largest dollar loss since May 2021, when a number of cryptocurrencies collapsed

CoinDCX has disclosed that a breach at its analytics vendor Mixpanel exposed some user data, though customer funds and platform systems were not affected

Large-cap tokens have led the modest recovery, even as mid-cap and smaller altcoins continue to lag following a phase of heavy deleveraging

Crypto Market Crash: Analysts say the pullback reflects a consolidation phase rather than market capitulation, as participants digest recent selling pressure and await clearer macroeconomic signals

The development, analysts said, suggests investors are temporarily favouring policy-linked assets, with risk appetite split between safe-haven and cyclical exposures

Market weakness deepens as BTC struggles to reclaim key levels and Ethereum tests support zones, with analysts warning of further downside risks

The overall market sentiment remains dominated by fear, with the CoinMarketCap Crypto Fear and Greed Index registering at 27, firmly in the "fear" zone

Experts at the BFSI Summit urged swift digital asset regulation and an INR-backed stablecoin to stop India's crypto talent and innovation from moving overseas

BS BFSI Summit Day 2: Crypto industry experts highlighted the urgent need for investor education and regulatory clarity in India's crypto ecosystem.

The overall tone of crypto markets, analysts said, remains neutral, with the Fear & Greed Index steady at 42 - indicating reduced panic and improving investor confidence

WazirX restarts operations more than a year after a $230 million breach, enabling tokens in phases from 24 October and offering zero trading fees for 30 days

The move marks the end of a turbulent phase for the platform, which had suspended operations after a major security breach

The cryptocurrency, which had fallen to around $103,598 on October 17, climbed back to $110,222 in the last 24 hours - up 2.82 per cent

The recent pullback in Bitcoin, they said, appears to be a classic case of market fatigue after record highs

CoinDCX plans to expand in India and the Middle East using the fresh capital from Coinbase, which marks renewed global interest in Indian crypto startups.

Coinbase has been an investor in CoinDCX since 2020. The latest investment is an extension of the company's previous funding round and, once completed, will value CoinDCX at $2.45 billion post-money

The crypto custody offering-under development for the past two to three years-will cater primarily to asset managers and institutional clients

Despite the intense volatility, market participants remained resilient, with total crypto market capitalisation rebounding above $4 trillion