Until macro stability returns and ETF inflows resume, crypto markets, analysts believe, are likely to remain defensive
Union Budget 2026 introduces daily and lump-sum penalties for lapses in crypto asset reporting, aiming to bring virtual digital assets firmly within the formal tax compliance framework
Bitcoin slipped below the $80,000 mark after failing to hold above $89,000, with the decline exacerbated by thin weekend liquidity
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
In December 2025, Pakistan allowed global exchanges Binance and HTX to receive preliminary approvals as the government accelerates crypto adoption
These acquisitions come at a time of a favourable regulatory environment for the sector in the United States (US), with further plans to scale in markets where regulations are favourable
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
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
An unidentified trader made over $400,000 by betting on Nicolás Maduro's removal shortly before the US announced its action
A total of 49 crypto currency exchanges, a majority of them based in India, were registered with the Financial Intelligence Unit (FIU) during the 2024-25 fiscal as part of the country's legal regime to mitigate anti-money laundering and terrorist financing risks emerging from this sector, according to a report. Also, a "strategic analysis" of suspicious transaction reports (STRs) generated and furnished by these exchanges to the federal agency found "exploitation" of crypto funds for "serious" criminal activities like hawala (unaccounted) transactions, gambling, scam, fraud and an instance of operating an illegal adult content website. In legal parlance, crypto currency is called Virtual Digital Asset (VDA) and the exchanges that trade them are called VDA Service Providers (VDA SPs). These exchanges were brought under India's anti-money laundering regime (Prevention of Money Laundering Act PMLA) linked reporting system in 2023. Being reporting entities under the PMLA, these exchange
Bitcoin, analysts said, benefited from its safe-haven narrative, short-covering near key levels of $91,500-$93,000, and robust stablecoin inflows
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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.
In its Financial Stability Report, RBI said central bank money must remain the ultimate settlement asset, warning that stablecoins pose macrofinancial risks and can weaken capital controls