Crypto Market Overview
- Global market cap: Around $3.5 trillion, down about 1 % over the previous day, signalling ongoing pressure from macro‑economic headwinds.
- Fear and Greed Index: Slipped further into “Extreme Fear” at 24, showing that sentiment remains subdued even after recent sell‑offs.
- Bitcoin traded close to $101,000 (≈ ₹8.9 lakh) while Ethereum hovered around $3,270 (≈ ₹2.9 lakh). Both assets struggled to gain traction amid continued profit‑taking.
- USD/INR: The rupee held firm near ₹88.6 per dollar, limiting the impact of dollar strength on local crypto valuations.
Bitcoin & Ethereum Price Movement
| Metric | Bitcoin (BTC) | Ethereum (ETH) |
|---|---|---|
| Price (approx. INR) | ₹8.91 lakh (≈ $101,000) | ₹2.90 lakh (≈ $3,270) |
| 24‑h % change | –2.46 % | –3.66 % |
| 24‑h high (approx.) | ₹9.00 lakh (≈ $102,000) | ₹3.00 lakh (≈ $3,380) |
| 24‑h low (approx.) | ₹8.82 lakh (≈ $99,600) | ₹2.85 lakh (≈ $3,220) |
| Sentiment | Cautiously bearish | Weakening momentum |
Commentary: Bitcoin slid below ₹9 lakh early in the session as hawkish comments from U.S. Federal Reserve officials and tepid ETF inflows weighed on sentiment. Despite the drop, large “whale” wallets reportedly accumulated more than 29,000 BTC over the last week, indicating that long‑term holders see value near the ₹8.8 lakh support zone. Resistance appears around ₹9.2 lakh. Ethereum underperformed, falling toward ₹2.85 lakh as investors rotated out of DeFi‑linked assets. Support is near ₹2.8 lakh and resistance sits around ₹3.1 lakh.
Market Movements and Key Indices
- Global cues: A continued hawkish Federal Reserve stance and softer risk appetite kept crypto markets under pressure. Bitcoin traded between $101,000 and $102,000, while Ethereum slipped below $3,400. Analysts noted that ETF inflows resumed after a six‑day lull, but liquidity remains thin with support near $100,500 and resistance around $102,500. Whale accumulation hints at a potential rebound once macro conditions stabilise.
- Local cues: The rupee’s stability around ₹88.6/USD helped cushion local portfolios. However, India’s 1 % TDS on crypto transactions and 30 % tax on gains continue to dampen speculative activity. Trading volumes on domestic exchanges were moderate as investors awaited U.S. labour data and guidance from the Reserve Bank of India.
Top indices and market cap
- Total market cap: ≈ $3.49 trillion (down ~1 %).
- Leading Indian‑market coins by market cap: Bitcoin (₹8.91 lakh, −2.46 %), Ethereum (₹2.90 lakh, −3.66 %), Tether (₹88.60, +0.0 %), XRP (₹193.13, −5.50 %), Binance Coin (₹84,008, −0.67 %).
- Fear & Greed Index: 24 (Extreme Fear).
Top Trending Coins in India
Search and market‑interest data pointed to renewed curiosity in niche and privacy‑focused tokens. Zcash (ZEC), Internet Computer (ICP), WhiteBIT Coin (WBT), Monero (XMR), Figure Heloc, LEO Token (LEO) and Hyperliquid (HYPL) were among the most discussed assets, driven by their recent volatility and social‑media buzz.
Top Gainers (Altcoins)
| Altcoin | 24‑h % change | Brief comment |
|---|---|---|
| Zcash (ZEC) | +2.31 % | Privacy‑focused coin held firm as investors continued to seek anonymity features; protocol upgrades fuelled demand. |
| Shiba Inu (SHIB) | +2.19 % | Meme‑coin enthusiasm briefly returned on social media, lifting SHIB from recent lows. |
| Monero (XMR) | +1.58 % | Consistent interest in untraceable transactions kept Monero in positive territory despite regulatory scrutiny. |
| Avalanche (AVAX) | +1.13 % | Growing DeFi and gaming activity on the Avalanche network supported modest gains. |
| Litecoin (LTC) | +1.02 % | Stronger miner participation ahead of the next difficulty adjustment helped buoy LTC. |
Top Losers (Altcoins)
| Altcoin | 24‑h % change | Possible reasons |
|---|---|---|
| XRP | −5.50 % | Regulatory worries and profit‑taking after a recent run sent XRP sharply lower. |
| Ethereum (ETH) | −3.66 % | Weaker DeFi usage and rotation into Layer‑1 rivals weighed on Ether. |
| Solana (SOL) | −3.28 % | Profit‑taking in high‑beta tokens and network congestion concerns pressured SOL. |
| WETH (wrapped ETH) | −2.97 % | The derivative tracked ETH’s decline, amplifying losses as leverage unwound. |
| UNUS SED LEO (LEO) | −2.84 % | Exchange‑token weakness reflected reduced trading volumes on associated platforms. |
Other Notable Market Updates
- Dogecoin (DOGE): Bucked the negative trend by rising roughly 0.5 % to about ₹14.50 as meme‑coin buyers stepped in.
- Tron (TRX): Fell around 0.8 % to ₹25.22 as investors locked in profits after recent gains.
- Cardano (ADA): Slipped 0.3 % to ₹47.28, mirroring broader market weakness.
- Avalanche (AVAX) and Uniswap (UNI): Added around 1–1.3 % on continued development news and DeFi participation.
- Aave (AAVE): Dropped 1.67 % to ₹17,429 as traders favoured newer lending platforms.
Key Coins to Watch
- Internet Computer (ICP) & WhiteBIT Coin (WBT): Both tokens have surged on rising network activity and partnerships. Watch for pullbacks to support zones around ₹1,300 for ICP and ₹900 for WBT to gauge sustainability.
- Zcash (ZEC): Privacy coins continue to attract attention; continued regulatory developments could either accelerate or derail this trend.
- Monero (XMR): Holding above ₹31,000 keeps momentum intact; any legal action targeting privacy protocols could increase volatility.
- Bitcoin (BTC): The bellwether must hold support near ₹8.8 lakh while resistance looms around ₹9.2 lakh. Whale accumulation suggests potential for a rebound if macro fears ease.
- Ethereum (ETH): Needs to reclaim ₹3.0 lakh to improve its outlook. Watch for news on layer‑2 rollouts and DeFi upgrades.
Outlook for Tomorrow
Heading into 8 November 2025, analysts expect continued range‑bound trading. Bitcoin faces resistance near $102.5 k (≈ ₹9.1 lakh) and support around $100.5 k (≈ ₹8.9 lakh). A sustained move above resistance could open the door to $104–105 k, while a break below support may test the $96 k area. Ethereum is likely to consolidate between $3.1 k and $3.4 k (₹2.8 lakh–₹3.0 lakh). Upcoming U.S. non‑farm payroll data and statements from central bankers will influence global risk appetite. In India, traders should monitor rupee fluctuations, tax guidance and exchange volumes. While whale accumulation offers a glimmer of optimism, the market remains fragile; cautious position sizing and disciplined risk management are advised.
