Bitcoin fell as much as 3.9 per cent to $81,102 Friday in Singapore, its weakest since Nov 21, extending a rout that gathered pace overnight
Macro conditions also weighed on sentiment. Analysts noted that risk appetite softened across global markets as investors reassessed the outlook for monetary easing
Amid this, more than $1.5 billion in outflows from spot Bitcoin ETFs this week, analysts said, point to a near-term moderation in institutional risk appetite
The survey, conducted ahead of the 2026 Union Budget, gathered insights from close to 5,000 respondents, highlighting widespread discontent over the current taxation framework
The downturn followed broader weakness in global equities after renewed trade tensions between the US and Europe, triggered by President Donald Trump's latest tariff threats
Trump said over the weekend that he would impose a 10 per cent tariff on goods from 8 European nations starting Feb 1, rising to 25 per cent in June unless there's a deal for a 'purchase of Greenland'
The rally, analysts said, appears driven by spot accumulation and improving risk appetite, with on-chain data showing liquidations of short positions as Bitcoin moved above key resistance levels
Overall, muted capital inflows, analysts said, are likely to keep ETH range-bound, while Bitcoin's relative strength continues to support broader sentiment, though there is no clear breakout signal
The directives also discourage Initial Coin Offerings (ICOs) and Initial Token Offerings (ITOs), equivalent to IPOs in stock markets, by the exchanges
After testing the $94,000-$95,000 zone earlier in the week, BTC retraced and briefly dipped below $90,000 before stabilising near the mid-$90,000 levels
The report said, as of March 2025, 49 VDA SPs were registered as reporting entities to FIU, of which 45 exchanges were onshore (based in India) while the rest four were located offshore
Bitcoin, analysts said, benefited from its safe-haven narrative, short-covering near key levels of $91,500-$93,000, and robust stablecoin inflows
Until Bitcoin resolves its volatility squeeze and macro liquidity becomes less restrictive, altcoin movements, analysts believe, are likely to remain rotational and tactical,
With clearer regulations and growing institutional involvement, analysts believe, the crypto landscape is poised for transformation in the year ahead.
As digital assets continue to operate in a tightly regulated environment, the sector, analysts said, has displayed significant resilience, innovation, and growing integration into the broader system
While volatility is expected to persist, it may be less extreme than in previous cycles, with institutional adoption and infrastructure development paving the way for a more stable market
The macroeconomic sentiment for the crypto markets, analysts believe, remains closely tethered to the Federal Reserve's policy path
The broader market reflected the digestion of the Bank of Japan's 25-basis-point rate hike, a move that, analysts said, had been anticipated
Bitcoin News: While the market appears oversold on short-term indicators, analysts said that has not been enough to establish a durable floor
Younger investors continued to dominate activity in the final quarter of the year. On an annual basis, however, the 26-35 age group led, accounting for 45 per cent of all crypto investors