Crypto Market Overview
- The global crypto market cap was about $3.52 trillion, up roughly 1.1 % in 24 hours, signalling a modest rebound after the week’s sell‑off.
- The Fear and Greed Index edged up slightly but stayed deep in the “Fear” zone at 27, reflecting cautious sentiment.
- Bitcoin hovered around $103,200 (≈ ₹9.14 lakh) and Ethereum near $3,380 (≈ ₹3.00 lakh), with both assets experiencing choppy trading.
- A firm ₹88.55/USD exchange rate meant global price moves translated quickly into local portfolios.
Bitcoin & Ethereum Price Movement
| Metric | Bitcoin (BTC) | Ethereum (ETH) |
|---|---|---|
| Price (approx. INR) | ₹9.14 lakh (≈ $103,200) | ₹3.00 lakh (≈ $3,380) |
| 24‑h % change | –0.63 % | –1.27 % |
| 24‑h high | ₹9.23 lakh (≈ $104,190) | ₹3.07 lakh (≈ $3,460) |
| 24‑h low | ₹9.09 lakh (≈ $102,700) | ₹2.98 lakh (≈ $3,370) |
| Sentiment | Cautiously bearish | Weakening momentum |
Commentary: Bitcoin failed to sustain gains above ₹9.2 lakh as resistance around ₹9.5 lakh prompted profit‑taking. Buyers stepped in near ₹9.0 lakh, hinting at strong support. Ethereum trailed Bitcoin, drifting within a tight range between ₹2.98 lakh and ₹3.07 lakh amid muted DeFi activity and cautious investors.
Market Movements and Key Indices
- Global cues: Hawkish remarks from U.S. Federal Reserve officials kept risk appetite subdued, while exchange‑traded fund flows remained soft. Although open interest ticked up after recent liquidations, overall liquidity stayed thin.
- Local cues: The rupee’s recovery to the mid‑₹88 per dollar range cushioned some volatility for Indian investors. Domestic volumes were moderate as traders awaited macroeconomic data and guidance from the Reserve Bank of India. Taxes and TDS continue to curb speculative activity.
Top Indices and Market Cap
- Total market cap: ≈ $3.52 trillion, up about 1.1 % over 24 hours.
- Leading Indian‑market coins by market cap: Bitcoin (₹9.14 lakh, –0.63 %), Ethereum (₹3.00 lakh, –1.27 %), Tether (₹88.45, –0.1 %), XRP (₹233, +3.3 %), Binance Coin (₹84,720, +0.2 %).
- Fear & Greed Index: 27 (Fear).
Top Trending Coins in India
Search interest favoured privacy‑focused and small‑cap tokens. The most‑sought assets were Zcash (ZEC), Decred (DCR), Dash (DASH), Staked Stream USD (XUSD), Internet Computer (ICP), Aster (ASTER) and Horizen (ZEN), reflecting traders’ appetite for niche narratives and large intra‑day swings.
Top Gainers (Altcoins)
| Altcoin | 24‑h % change | Brief comment |
|---|---|---|
| ZKsync (ZK) | +128 % | Layer‑2 token rallied sharply after a network upgrade spurred developer activity and social‑media buzz. |
| Decred (DCR) | +128 % | Governance reforms and fresh interest in privacy coins vaulted DCR to the top of the leaderboard. |
| Dash (DASH) | +121 % | Rising adoption for fast, low‑fee payments, particularly in emerging markets, boosted DASH demand. |
| Internet Computer (ICP) | +96 % | Enterprise partnerships and increased developer engagement supported ICP’s rapid advance. |
| Zcash (ZEC) | +48 % | Protocol upgrades and growing focus on transaction anonymity sparked renewed buying interest. |
Top Losers (Altcoins)
| Altcoin | 24‑h % change | Possible reasons |
|---|---|---|
| Cronos (CRO) | –15 % | Profit‑taking and doubts about the ecosystem’s growth weighed on the exchange token. |
| Polkadot (DOT) | –9 % | Caution over interoperability upgrades prompted traders to trim exposure. |
| Monero (XMR) | –2 % | Regulatory scrutiny combined with general market weakness led to modest selling pressure. |
| Bitcoin Cash (BCH) | –2 % | Slower momentum in peer‑to‑peer payments saw traders rotate into other narratives. |
| Dogecoin (DOGE) | –0.8 % | Meme‑coin enthusiasm cooled after a recent rally, leaving DOGE underperforming larger‑cap peers. |
Other Notable Market Updates
- Dogecoin (DOGE) slipped to about $0.17 (≈ ₹15) as speculative fervour faded.
- Litecoin (LTC) fell roughly 5 % to around $90 (≈ ₹7,970) ahead of a mining difficulty adjustment.
- Ripple (XRP) gained more than 3 % to about $2.35 (≈ ₹233), with traders watching court developments.
- Solana (SOL) climbed toward $159 (≈ ₹14,075) amid fresh interest in its high‑throughput ecosystem.
Key Coins to Watch
- ZKsync (ZK) & Decred (DCR): After spectacular one‑day surges, both tokens face the question of whether momentum can be sustained. A pullback toward support zones near ₹9 for ZK and ₹3,900 for DCR may attract bargain hunters.
- Dash (DASH): Continued gains depend on further adoption of fast payment solutions; volatility remains high and a break above ₹12,000 could signal more upside.
- Bitcoin (BTC): As the market bellwether, BTC must hold support around ₹9.0 lakh and challenge resistance near ₹9.5 lakh for a directional move to emerge.
- Ethereum (ETH): Consolidation between ₹2.9 lakh and ₹3.2 lakh is likely. Progress on layer‑2 scaling and DeFi resurgence will shape its trajectory.
- Privacy coins (ZEC, XMR): With regulatory uncertainty on the horizon, the durability of the privacy‑coin rally hinges on legal clarity and network enhancements.
Outlook for Tomorrow
Heading into 7 November 2025, analysts expect range‑bound trading as investors digest U.S. jobs data and monitor statements from the Reserve Bank of India. Bitcoin’s near‑term resistance lies around $108.5 k (₹9.6 lakh) with support near $102.5 k (₹9.0 lakh). A breakout above resistance could pave the way for a rally toward $111–$113 k, while a breach of support might drag prices toward the $94 k region. Ethereum is expected to oscillate between $3.4 k and $3.7 k. Traders in India should monitor rupee movements, tax updates and domestic trading volumes. With leverage reduced and long‑term holders showing conviction, dips may present accumulation opportunities, though prudent risk management remains essential.
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