The sell-off in crypto markets, analysts said, was driven by global risk-off sentiment following Trump's tariff announcement
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
The Government has set up a task force on darknet and cryptocurrency under the multi-agency centre (MAC) to monitor platforms facilitating narco-trafficking, Lok Sabha was informed on Tuesday. In a written response, Minister of State for Home Affairs Nityanand Rai said the Government has taken various steps for inter-agency coordination between the Narcotics Control Bureau (NCB), state anti-narcotics task forces (ANTFs) and border guarding forces to curb cross-border and inter-state drug smuggling. Listing out the steps, Rai said the task force has been set up under the MAC mechanism with a focus on monitoring platforms facilitating narco-trafficking, sharing of inputs on drug smuggling amongst agencies/MAC members, interception of drug networks, continuous capturing of trends, modus operandi and nodes with regular database updates and review of related rules and laws. In addition, a Joint Coordination Committee (JCC) has also been set up at the central and state levels to oversee .
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
Contracts on Polymarket, a decentralized prediction platform, now imply an 82% chance that Bitcoin will fall to $65,000 this year, a level roughly 13% lower than today's $73,200
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