Bitcoin (BTC) traded close to the $95,000 level (approximately Rs. 84.2 lakh) on Monday, as the broader Crypto market worked to recover from a steep weekend correction. The sudden downturn briefly dragged Bitcoin below $93,000 (roughly Rs. 82.4 lakh), triggered mainly by low liquidity conditions, a decline in institutional participation, and rising global risk aversion.
Ethereum (ETH) hovered around $3,100 (about Rs. 2.8 lakh), slipping by nearly 0.2 percent. As per the Gadgets 360 Crypto Price Tracker, Bitcoin continues to trade close to Rs. 84 lakh in India, while Ethereum is positioned around Rs. 2.8 lakh.
Altcoins Extend Losses as Liquidity Pressure Intensifies
Most major altcoins continued to struggle as traders remained cautious following the weekend volatility spike. While XRP inched up slightly to $2.24 (around Rs. 198), Solana (SOL) dipped 0.6 percent to $140 (nearly Rs. 12,400). Binance Coin (BNB) fell 0.8 percent to $932.5 (about Rs. 82,600), and Dogecoin (DOGE) declined by 1.1 percent to $0.16 (roughly Rs. 14.27).
| Cryptocurrency | Current Price (USD) | Approx. Price (INR) | 24H Change |
|---|---|---|---|
| Bitcoin (BTC) | $95,000 | Rs. 84.2 lakh | – |
| Ethereum (ETH) | $3,100 | Rs. 2.8 lakh | -0.2% |
| Solana (SOL) | $140 | Rs. 12,400 | -0.6% |
| Binance Coin (BNB) | $932.5 | Rs. 82,600 | -0.8% |
| Dogecoin (DOGE) | $0.16 | Rs. 14.27 | -1.1% |
| XRP | $2.24 | Rs. 198 | Slight Increase |
Avinash Shekhar, Co-Founder and CEO of Pi42, remarked that the recent dip reflects deeper structural weaknesses within the market. He stated, “This is less about one trigger and more about a market recalibrating overstretched sentiment, thin liquidity, and shifting narratives… Ethereum is still holding critical zones, but continuous ETF outflows are hurting momentum. Investors need strong research and disciplined allocation because recovery during such phases is typically slow and uneven.”
Mudrex CEO Edul Patel noted that despite heightened volatility, accumulation indicators have begun showing early signs of strength. He said, “After President Trump mentioned possible tariff cuts to reduce food prices, US inflation concerns resurfaced, creating short-term instability. However, the positive takeaway is that whales and major market makers have increased their long positions since Wednesday, aggressively buying the dip below $100,000 (approximately Rs. 88.6 lakh).”
The CoinSwitch Markets Desk added that Bitcoin appears to be stabilizing within a narrow range after its weekend slide. According to the team, “The correction was led by long-term holders booking profits, slower ETF inflows, and temporary macro uncertainty. With the US government shutdown delaying key economic indicators and uncertainty over upcoming rate cuts, investors are remaining cautious… Bitcoin could continue sideways movement for now, and traders must wait for clear confirmation signals before re-entering the market.”
As market participants monitor liquidity conditions, whale accumulation patterns, and key macroeconomic triggers, overall sentiment remains cautious. Analysts at CoinSwitch further noted that Bitcoin would require a decisive breakout above the $96,500–$99,000 range (around Rs. 85.5 lakh–Rs. 87.7 lakh) to escape its current consolidation phase and resume a bullish trend.
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