The Indian crypto market traded higher on 11 September 2025 as major tokens followed global gains. Bitcoin climbed back above the ₹10 million mark while Ethereum approached ₹3.9 lakh. A cool‑off in U.S. producer‑price inflation fueled hopes of Federal Reserve rate cuts, lifting risk appetite. With the rupee stable near ₹88 per dollar, domestic sentiment remained constructive. Below is a detailed look at the crypto market movers, sentiment drivers and what to watch for tomorrow.
Bitcoin & Ethereum price movement
Cryptocurrencies like Bitcoin and Ethereum were the main drivers of sentiment. Bitcoin traded around ₹10,071,166.87 ($114,445) after rising 2.36 % in 24 hours. Ethereum hovered near ₹389,212.75 ($4,423), posting a 2.28 % daily gain. The gains came as U.S. wholesale prices fell by 0.1 % in August against expectations of a 0.3 % increase, stoking speculation that the Federal Reserve may loosen monetary policy.
| Metric | Bitcoin (BTC) | Ethereum (ETH) |
|---|---|---|
| Price (approx. INR) | ₹10,071,166.87 | ₹389,212.75 |
| Price (approx. USD) | $114,445 | $4,423 |
| 24‑h % change | +2.36 % | +2.28 % |
| 24‑h high | ₹10,075,382.25 (≈ $114,493) | ₹389,495.77 (≈ $4,426) |
| 24‑h low | ₹9,970,637.82 (≈ $113,303) | ₹379,085.45 (≈ $4,308) |
| Sentiment | Bullish – Bitcoin reclaimed the ₹10 million threshold and stayed above $113k as traders priced in potential U.S. rate cuts. | Positive – Ethereum rallied toward ₹3.9 lakh as investor focus turned to upcoming network upgrades and strong DeFi demand. |
| Commentary | Bitcoin’s climb was supported by cooling U.S. inflation data and steady domestic liquidity. Traders expect consolidation between ₹9.9 million and ₹10.25 million amid macro uncertainty. | Ethereum lagged slightly but still posted solid gains, benefitting from growth in layer‑2 networks and renewed NFT trading interest. A move above ₹3.9 lakh could open room toward ₹4 lakh. |
Top gainers (altcoins)
Several altcoins outperformed the majors, reflecting risk‑on sentiment. The following tokens logged the largest gains in Indian trading:
| Coin | 24‑h Change (approx.) | Commentary |
|---|---|---|
| Mantle (MNT) | +20.39 % | Modular Ethereum layer‑2 network Mantle rallied after strong DeFi adoption and fresh listings, pushing its price to ~₹143. Positive sentiment around scaling solutions supported the surge. |
| Pump.fun (PUMP) | +10.98 % | The Solana‑based meme‑coin launchpad continued to attract speculative flows, with rising fees on its platform boosting revenues and driving its token higher. |
| Avalanche (AVAX) | +6.99 % | Avalanche benefited from increased on‑chain activity and optimism about subnets, lifting its price to around ₹2,541. |
| Bittensor (TAO) | +5.33 % | AI‑focused Bittensor gained as investors rotated into artificial‑intelligence plays, pushing the token toward ₹31,410. |
| Sei (SEI) | +4.84 % | Trading‑centric layer‑1 blockchain Sei rallied after new dApps and growing ecosystem traction, closing near ₹28.85. |
| Dogecoin (DOGE) | +4.33 % | The popular meme coin bounced as social media enthusiasm and speculation about network developments reignited interest. |
Top losers (altcoins)
A handful of smaller tokens saw steep pullbacks. Profit‑taking and risk rotation contributed to the declines.
| Coin | 24‑h Change (approx.) | Commentary |
|---|---|---|
| BBQCoin (BBQ) | −38.82 % | Micro‑cap BBQCoin tumbled as speculative froth faded. With limited liquidity, modest selling led to an outsized decline. |
| Trusta.AI (TA) | −21.98 % | AI‑analytics token Trusta.AI slid amid profit booking following a sharp run‑up and concerns about sustainability. |
| Somnia (SOM) | −21.24 % | Metaverse‑focused Somnia retraced as traders rotated out of VR‑themed coins and volumes dried up. |
| Dolomite (DOL) | −11.44 % | DeFi platform Dolomite fell back after recent rallies, reflecting caution over yield‑farming returns. |
| Mitosis (MITO) | −10.27 % | Cross‑chain project Mitosis saw selling pressure as investors locked in gains, sending the token lower. |
Trending coins in India
Search and trading activity on Indian exchanges highlighted several trending coins beyond the top gainers and losers. Ethereum, Solana, Dogecoin, Fantom, USD Coin (USDC), Binance Coin (BNB), Ripple (XRP), Polygon (MATIC) and Tether (USDT) were among the most searched tokens. Increased interest in layer‑1 platforms (Solana, Fantom) and stablecoins (USDC, USDT) suggests traders are diversifying between growth plays and liquidity havens.
Local & global crypto market cues
- Global – Cooling U.S. inflation data bolstered expectations for Federal Reserve rate cuts. The Producer Price Index fell 0.1 % in August, surprising analysts and sparking talk of easier monetary policy. This macro tailwind lifted Bitcoin and Ethereum above $114k and $4.4k, respectively. Investors also monitored U.S. CPI and upcoming FOMC meetings for further clues.
- Local – India’s regulatory stance remained steady with a 30 % tax on crypto profits and 1 % TDS on transactions, fostering a cautious but stable trading environment. The Finance Ministry is reportedly working on implementing OECD‑aligned reporting rules, signalling ongoing efforts toward compliance. A stable rupee near ₹88 per dollar kept imported inflation in check, supporting domestic liquidity.
Key coins to watch
- Bitcoin (BTC) – Now above ₹10 million, Bitcoin’s next hurdle is ₹10.25 million. A decisive break could invite momentum buying, while support sits near ₹9.9 million.
- Ethereum (ETH) – ETH is eyeing ₹3.9 lakh; network upgrades and Layer‑2 adoption remain catalysts. Watch for activity around the Ethereum Name Service (ENS) and staking flows.
- Solana (SOL) – Strong developer momentum and thriving DeFi projects keep SOL on radar. Any network outages could however trigger volatility.
- Ripple (XRP) – Traders await court updates in the ongoing SEC case; favourable rulings could spur price jumps.
- Fantom (FTM) & Polygon (MATIC) – These layer‑1 and layer‑2 platforms are gaining traction in India due to fast transaction speeds and low fees.
Outlook for tomorrow
Crypto market sentiment remains cautiously optimistic. After sharp gains, Bitcoin and Ethereum may consolidate within tight ranges as traders digest macro data. If U.S. CPI prints softer than expected, bulls could attempt another push toward ₹10.25 million for BTC and ₹4 lakh for ETH. Altcoin leaders like Mantle and Pump.fun may witness profit‑taking, while under-performers might stabilize. In India, regulatory clarity and rupee stability should continue supporting interest in digital assets. Investors should stay mindful of global economic indicators and monitor news around U.S. monetary policy and domestic tax rules.
