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
Crypto markets have remained under pressure since October last year, after Bitcoin scaled its peak and has since been on a declining trajectory
Altcoins followed a similar risk-off trajectory. Ethereum, BNB and Solana reflected weaker bid depth during the pullback
The Union Budget 2026-27 proposes a penalty framework for crypto-asset reporting, including daily fines for non-filing and a flat ₹50,000 penalty for inaccurate disclosures, effective April 1, 2026
Until macro stability returns and ETF inflows resume, crypto markets, analysts believe, are likely to remain defensive
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
In December 2025, Pakistan allowed global exchanges Binance and HTX to receive preliminary approvals as the government accelerates crypto adoption
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
Selfie with liveness detection, recording of geographical coordinates, and verification of bank account by the 'penny-drop' method are among the mandatory new measures listed by India's financial intelligence agency under the anti-money laundering and terrorist financing KYC protocols for cryptocurrency exchanges while onboarding users. The directives also discourage Initial Coin Offerings (ICOs) and Initial Token Offerings (ITOs), equivalent to IPOs in stock markets, by the exchanges. They say that tumblers, mixers, and anonymity-enhancing tokens-linked transactions shall "not" be facilitated. PTI has reviewed the updated set of guidelines brought out by the Financial Intelligence Unit (FIU), a body that functions under the Union Finance Ministry, on January 8 as part of the 'anti-money laundering (AML) and combating financing of terror (CFT) guidelines for reporting entities providing services related to virtual digital assets (cryptocurrency).' The guidelines have been updated .
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
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