The domestic crypto market saw modest gains even as global sentiment remained cautiously optimistic. Bitcoin remained stable around the ₹1 crore mark while Ethereum pushed higher. Altcoins were mixed, with a handful of memecoins and DeFi tokens outperforming.
Bitcoin & Ethereum price movement
| Metric | Bitcoin (BTC) | Ethereum (ETH) |
|---|---|---|
| Price (approx. INR) | ₹10,223,747.52 (≈ $116,178.95) | ₹412,535 (≈ $4,687.90) |
| Price (approx. USD) | $116,178.95 | $4,687.90 |
| 24‑h % change | +0.39 % – BTC traded in a narrow band, reflecting cautious sentiment. | +1.11 % – ETH outperformed BTC as investors rotated into smart‑contract tokens. |
| 24‑h high | ₹10,289,722.97 (≈ $116,928.67) | ₹420,509 (≈ $4,778.51) |
| 24‑h low | ₹10,223,747.52 (≈ $116,178.95) | ₹397,845 (≈ $4,520.97) |
| Sentiment | Neutral to mildly bullish; traders are waiting for macro cues. | Slightly bullish thanks to ETF inflows and positive developer activity. |
| Commentary | Bitcoin’s price held above ₹10 million for a second day despite light volumes. Higher U.S. inflation expectations and anticipation of Federal Reserve comments kept traders cautious, but strong on‑chain metrics and ETF inflows limited downside risk. | Ethereum continued its ascent, helped by renewed interest in Layer‑2 projects and strong buying on domestic exchanges. The token’s outperformance suggests rotation into smart‑contract platforms as investors diversify beyond BTC. |
Top gainers (altcoins)
| Altcoin | 24‑h price change | Commentary |
|---|---|---|
| Pepe (PEPE) | +13.75 % | The memecoin market heated up again as PEPE rallied on social‑media hype and speculative trading, making it the day’s top performer. |
| Mantle (MNT) | +7.66 % | Mantle token surged after its ecosystem announced new DeFi integrations; traders anticipate wider adoption of the network. |
| MemeCore (M) | +7.54 % | MemeCore benefited from renewed interest in community‑driven tokens and upcoming listing plans on regional exchanges. |
| Dogecoin (DOGE) | +8.13 % | DOGE spiked on reports of institutional buying and speculation around a potential ETF launch; trading volumes were robust. |
| Avalanche (AVAX) | +6.63 % | AVAX attracted buyers as its total value locked continued to rise and developers rolled out new subnet initiatives. |
Top losers (altcoins)
| Altcoin | 24‑h price change | Commentary |
|---|---|---|
| Hyperliquid (HYPE) | –3.43 % | Profit‑taking hit HYPE following a rapid ascent earlier in the week; volumes tapered off as speculators booked gains. |
| Ethena (ENA) | –2.65 % | ENA declined amid concerns about liquidity on smaller exchanges and a broader pullback from synthetic‑asset tokens. |
| Figure Heloc (FIGR_HELOC) | –2.45 % | The token, linked to tokenized home‑equity loans, fell as investors rotated into higher‑beta assets. |
| Cronos (CRO) | –1.75 % | CRO slipped due to slower activity on the Cronos Chain and investor focus on competing ecosystems. |
| LEO Token (LEO) | –0.44 % | Bitfinex’s exchange token eased as trading volumes moderated; sentiment remains broadly neutral. |
Crypto market movements & cues
The global cryptocurrency market cap stood around $4.17 trillion with 24‑hour trading volume near $170 billion. Bitcoin dominance held at roughly 55 %, while Ethereum’s share rose to 13.6 %. Domestically, prices tracked global trends but with slightly higher volatility due to the rupee’s weakness around ₹88 per US dollar.
Local cues: India’s lack of a comprehensive regulatory framework remains a drag on institutional participation, yet retail interest is growing. Tax rules announced earlier in the year continue to shape market behavior, with investors booking profits ahead of quarterly filings. On exchanges like CoinSwitch, WazirX and CoinDCX, volumes were concentrated in major pairs such as BTC‑INR, ETH‑INR, and DOGE‑INR.
Global cues: Investor sentiment improved after U.S. inflation data showed signs of moderation, reducing fears of aggressive rate hikes. Spot Bitcoin and Ethereum ETFs saw steady inflows, supporting prices. In the U.S., regulators postponed decisions on several crypto‑ETF proposals, keeping uncertainty elevated. Elsewhere, Ethereum developers announced progress on the next network upgrade, boosting confidence in the ecosystem.
Key coins to watch & crypto updates
- Solana (SOL): Trading above ₹21,000 with a 1.83 % gain, SOL remains a favorite among Indian traders thanks to its high throughput and growing DeFi activity. Upcoming network upgrades could further energize the token.
- BNB (BNB): Up 1.86 %, BNB is benefiting from Binance’s continued dominance in trading volumes and expanding ecosystem. Regulatory headlines still pose risks.
- XRP (XRP): Gaining 1.93 %, XRP reclaimed the #3 market‑cap slot. Analysts see room for upside if ongoing legal uncertainties settle favorably.
- Cardano (ADA) and Polkadot (DOT): Both posted modest gains as investors diversify into alternative smart‑contract platforms.
- Tether (USDT) and USD Coin (USDC): Stablecoin demand remains strong amid market volatility; both tokens held near ₹88.
Outlook for tomorrow
Looking ahead to September 14, the crypto market is poised for cautious consolidation. Traders will watch for macroeconomic releases from the U.S. and Europe, which could influence risk appetite. In India, exchange volumes are expected to remain steady as retail participants continue accumulating major tokens. Bitcoin is likely to find support near ₹10 million, while Ethereum may test ₹4.2 lakh if positive sentiment persists. Altcoins could see continued rotation, with memecoins like PEPE and DOGE remaining volatile. Overall, expect a neutral to slightly bullish bias unless unexpected news disrupts current trends.
