{"id":46276,"date":"2025-08-29T13:17:07","date_gmt":"2025-08-29T07:47:07","guid":{"rendered":"https:\/\/coinswitch.co\/switch\/?p=46276"},"modified":"2025-09-02T12:40:17","modified_gmt":"2025-09-02T07:10:17","slug":"crypto-today-indian-market-outlook-29-aug-2025","status":"publish","type":"post","link":"https:\/\/coinswitch.co\/switch\/market-analysis\/crypto-today-indian-market-outlook-29-aug-2025\/","title":{"rendered":"Crypto Today &#8211; Indian Market Outlook (29\u00a0Aug\u00a02025)"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Crypto Market overview<\/h2>\n\n\n\n<p>The digital\u2011asset market steadied after a volatile week. Bitcoin hovered around $111&nbsp;k and Ethereum around $4.48&nbsp;k, both posting small daily gains. CoinMarketCap\u2019s global crypto market capitalisation stood near $3.86&nbsp;trillion with $158&nbsp;billion in 24\u2011hour trading volume. Bitcoin still dominates with a 57.4&nbsp;% share of total market value while Ethereum commands 14&nbsp;%. The Fear &amp;&nbsp;Greed index is neutral around 47\u201150, suggesting neither extreme fear nor excessive greed.<\/p>\n\n\n\n<p>After a large whale sold about 24&nbsp;000&nbsp;BTC earlier in the week, Bitcoin briefly fell to $110&nbsp;k and wiped roughly $200&nbsp;billion from the crypto market. Ethereum, however, nearly set a fresh all\u2011time high near $4.9&nbsp;k. Analysts from Pi42 and Mudrex said the sell\u2011off underscored the impact of whale activity and emphasised that institutional investors continued buying the dip.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Local cues (India)<\/h2>\n\n\n\n<p><strong>Tax arbitrage &amp;&nbsp;derivatives boom:<\/strong> Zerodha co\u2011founder Nithin&nbsp;Kamath highlighted that Indian traders are flocking to crypto futures because derivatives profits can be reported as \u201cincome from other sources,\u201d avoiding the 30&nbsp;% VDA tax and TDS. This grey zone allows leverage above 50\u00d7 but exposes traders to major risks and has prompted regulatory scrutiny.<\/p>\n\n\n\n<p><strong>Whale sell\u2011off ripple effects:<\/strong> The NDTV report noted that a whale dumping 24&nbsp;k BTC caused a sharp market drop but that institutional flows into Ethereum remained strong. Altcoins such as Solana, Cardano, Dogecoin and XRP saw double\u2011digit losses during the sell\u2011off.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Global cues<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>U.S. macro data:<\/strong> AInvest\u2019s analysis explains that upcoming U.S. economic indicators\u2014ISM manufacturing PMI, jobless claims and reserve balances\u2014affect investor risk appetite. Strong data may pull capital into traditional assets, while weak data could drive flows into crypto. Investors are advised to diversify and employ risk management strategies.<\/li>\n\n\n\n<li><strong>PMI divergences:<\/strong> Another AInvest report notes that manufacturing PMIs in the U.S. and eurozone recently reached multi\u2011year highs, boosting risk\u2011on sentiment and crypto inflows. By contrast, Japan and China recorded PMI contractions, prompting hedging strategies. India\u2019s services PMI remains robust at 65.6, signalling strong local growth and supporting crypto adoption.<\/li>\n\n\n\n<li><strong>Regulatory uncertainty:<\/strong> Global regulators are debating classification of crypto as securities or commodities. The U.S. SEC\u2019s approvals of spot\u2011Bitcoin ETFs and potential Ethereum ETFs will influence liquidity and altseason timing.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Top trending crypto coins in India<\/h2>\n\n\n\n<p>CoinMarketCap\u2019s India trends list shows the tokens with the most page views from Indian users. On 29\u00a0Aug\u00a02025 the top trending coins were Treehouse (TREE), Beldex (BDX), Pi\u00a0Network (PI), Cronos (CRO), <a href=\"https:\/\/coinswitch.co\/coins\/ethereum\" data-type=\"link\" data-id=\"https:\/\/coinswitch.co\/coins\/ethereum\">Ethereum<\/a> (ETH), Succinct (PROVE), Solana (SOL), Render (RNDR), Bio\u00a0Protocol (BIO) and XRP. Cronos remains popular despite being one of today\u2019s biggest losers, as traders continue to watch the project after Trump\u00a0Media\u2019s announced $6.4\u00a0billion CRO treasury and partnerships.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><a href=\"https:\/\/coinswitch.co\/coins\/bitcoin\/\" data-type=\"link\" data-id=\"https:\/\/coinswitch.co\/coins\/bitcoin\/\"><strong>Bitcoin<\/strong><\/a> &amp;\u00a0Ethereum price movement<\/h2>\n\n\n\n<p>The table below summarises the intraday performance of the two largest cryptocurrencies. Prices and highs\/lows are sourced from CoinMarketCap as at 29&nbsp;Aug&nbsp;2025.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><thead><tr><th><strong>Metric<\/strong><\/th><th class=\"has-text-align-center\" data-align=\"center\"><strong>Bitcoin (BTC)<\/strong><\/th><th class=\"has-text-align-center\" data-align=\"center\"><strong>Ethereum (ETH)<\/strong><\/th><\/tr><\/thead><tbody><tr><td><strong>Price (approx. in USD)<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">$111,323.19<\/td><td class=\"has-text-align-center\" data-align=\"center\">$4,485.34<\/td><\/tr><tr><td><strong>Price (approx. in INR)<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">\u20b999,61,400<\/td><td class=\"has-text-align-center\" data-align=\"center\">\u20b9401,160<\/td><\/tr><tr><td><strong>24\u2011h % change<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">\u2248&nbsp;+1.35&nbsp;%<\/td><td class=\"has-text-align-center\" data-align=\"center\">\u2248&nbsp;+1.88&nbsp;%<\/td><\/tr><tr><td><strong>24\u2011h high<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">$113,450.08 \/ \u20b91,01,50,700<\/td><td class=\"has-text-align-center\" data-align=\"center\">$4,629.03 \/ \u20b9414,400<\/td><\/tr><tr><td><strong>24\u2011h low<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">$111,169.62 \/ \u20b999,47,700<\/td><td class=\"has-text-align-center\" data-align=\"center\">$4,435.11 \/ \u20b9396,900<\/td><\/tr><tr><td><strong>Market sentiment<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">Neutral; Fear &amp; Greed index around <strong>47&nbsp;\u2013&nbsp;50<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">Neutral; approaching record highs, still down ~9.6&nbsp;% from the Aug&nbsp;24 all\u2011time high<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>Despite the whale\u2011induced sell\u2011off earlier this week, both BTC and ETH remain in uptrends and maintain strong institutional interest. Bitcoin must hold above $110&nbsp;k to avoid deeper corrections, while Ethereum traders eye the previous high near $4.95&nbsp;k.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Top gainers (altcoins)<\/h2>\n\n\n\n<p>CoinMarketCap\u2019s gainers\u2011and\u2011losers board (filtering out extremely low\u2011volume coins) shows that Pyth&nbsp;Network (PYTH) leads today\u2019s rallies with a nearly 94&nbsp;% surge. Below are the top performers with commentary:<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><thead><tr><th>Coin<\/th><th>24\u2011h&nbsp;change<\/th><th>Why it\u2019s moving<\/th><\/tr><\/thead><tbody><tr><td><strong>Pyth&nbsp;Network (PYTH)<\/strong><\/td><td>+93.83&nbsp;%<\/td><td>The oracle project jumped after the U.S. Department of Commerce selected Pyth to publish economic statistics on\u2011chain. The partnership brings government data (GDP, inflation) directly to blockchains and boosted the token from $0.11 to $0.20 in a day. Technical indicators turned bullish, drawing buyers.<\/td><\/tr><tr><td><strong>Conflux (CFX)<\/strong><\/td><td>+8.45&nbsp;%<\/td><td>Conflux continues to ride momentum from July\u2019s ecosystem upgrades. The token rallied after partnerships with OrcaMind.AI (AI\u2011powered payments) and Fufuture (DeFi perpetual trading) and the launch of an offshore yuan\u2011pegged stablecoin. These integrations expand Conflux\u2019s utility and attracted Chinese investors.<\/td><\/tr><tr><td><strong>Pump.fun (PUMP)<\/strong><\/td><td>+6.98&nbsp;%<\/td><td>A memecoin launchpad; daily volume surged as retail traders chased meme\u2011coin campaigns.<\/td><\/tr><tr><td><strong>Four (FOUR)<\/strong><\/td><td>+6.82&nbsp;%<\/td><td>A low\u2011cap project that spiked on speculative interest. Traders rotated into micro\u2011caps after large\u2011cap consolidation; high volatility should be expected.<\/td><\/tr><tr><td><strong>Ethena (ENA)<\/strong><\/td><td>+5.76&nbsp;%<\/td><td>ENA climbed as its USDe synthetic dollar and yield\u2011bearing \u201chedged stablecoin\u201d gained adoption. The protocol\u2019s high yields attract liquidity, and cross\u2011chain expansions supported sentiment.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>These gains reflect a renewed appetite for risk\u2011on plays. However, traders should exercise caution and employ stop\u2011losses when chasing small\u2011cap rallies.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Top losers (altcoins)<\/h2>\n\n\n\n<p>The biggest decliners largely reflect profit\u2011taking and project\u2011specific concerns. Cronos heads the list after an exceptional rally earlier in the week; PENDLE fell on governance jitters.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><thead><tr><th>Coin<\/th><th>24\u2011h&nbsp;change<\/th><th>Reason for decline<\/th><\/tr><\/thead><tbody><tr><td><strong>Cronos (CRO)<\/strong><\/td><td>\u221212.30&nbsp;%<\/td><td>CRO surged over 50&nbsp;% after Trump&nbsp;Media and Crypto.com announced a $6.4&nbsp;billion CRO treasury and a $5&nbsp;billion credit line for Truth&nbsp;Social. Today\u2019s drop likely reflects profit\u2011taking and volatility following the news\u2011driven spike.<\/td><\/tr><tr><td><strong>Pendle (PENDLE)<\/strong><\/td><td>\u22126.35&nbsp;%<\/td><td>AInvest reports that PENDLE slid 12.47&nbsp;% earlier this week due to uncertainty over a pending protocol upgrade and liquidity shifting to competing DeFi platforms. Despite the pullback, the token remains up thousands of percent YTD.<\/td><\/tr><tr><td><strong>Aerodrome&nbsp;Finance (AERO)<\/strong><\/td><td>\u22125.46&nbsp;%<\/td><td>After rallying strongly in August (spiking 16\u201329&nbsp;% on multiple days), AERO faced profit\u2011taking and reduced trading volume. Investors await further ecosystem updates.<\/td><\/tr><tr><td><strong>Hyperliquid (HYPER)<\/strong><\/td><td>\u22125.16&nbsp;%<\/td><td>The perpetual\u2011futures exchange token retreated with derivative volumes easing following extreme leverage earlier in the week.<\/td><\/tr><tr><td><strong>Tezos (XTZ)<\/strong><\/td><td>\u22124.56&nbsp;%<\/td><td>XTZ fell amid speculation that competitors\u2019 proof\u2011of\u2011stake networks are gaining traction. Staking yields and network activity remain tepid, prompting rotation to newer projects.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>Other notable decliners include SPX6900 (\u20133.82&nbsp;%), Aave (\u20133.61&nbsp;%) and Curve&nbsp;DAO (\u20133.47&nbsp;%). Many of these tokens have rallied strongly in recent weeks and are undergoing short\u2011term corrections.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Coins to watch and tomorrow\u2019s outlook<\/h2>\n\n\n\n<p><strong>Treehouse, Beldex &amp;&nbsp;Pi&nbsp;Network:<\/strong> These little\u2011known projects top India\u2019s trending list, implying surging local interest. Investors should research fundamentals before investing; volatility is high.<\/p>\n\n\n\n<p><strong>Cronos:<\/strong> Despite today\u2019s pullback, CRO remains in the spotlight after Trump&nbsp;Media\u2019s massive treasury plan. Continued announcements could spur further moves. Watch whether support holds around $0.25\u20130.30.<\/p>\n\n\n\n<p><strong>Pyth&nbsp;Network:<\/strong> The U.S. government partnership is a game\u2011changer. Traders may use the breakout level near $0.20 as reference, but extreme volatility is expected.<\/p>\n\n\n\n<p><strong>Bitcoin &amp;&nbsp;Ethereum:<\/strong> Macro data due tomorrow (U.S. jobless claims, PMI figures) will influence risk sentiment. Holding above $110&nbsp;k for BTC and $4.4&nbsp;k for ETH could invite further upside; failure may lead to consolidation.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Outlook for tomorrow (30&nbsp;Aug&nbsp;2025)<\/h2>\n\n\n\n<p>Markets remain neutral. Key drivers to watch include:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>U.S. economic indicators:<\/strong> ISM manufacturing PMI, jobless claims and personal consumption data will signal whether the Federal Reserve might cut rates. Weak data typically boosts crypto.<\/li>\n\n\n\n<li><strong>Regulatory headlines:<\/strong> Updates on India\u2019s proposed crypto taxation and derivatives regulation following the surge in unregulated futures trading.<\/li>\n\n\n\n<li><strong>Altcoin rotation:<\/strong> After a week of speculative rallies and sharp pullbacks, traders may rotate back into large caps or stablecoins. Monitoring trading volume and funding rates can provide clues.<\/li>\n<\/ul>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><strong>Overall<\/strong>, the <a href=\"https:\/\/play.google.com\/store\/apps\/details?id=com.coinswitch.kuber\" data-type=\"link\" data-id=\"https:\/\/play.google.com\/store\/apps\/details?id=com.coinswitch.kuber\" target=\"_blank\" rel=\"noopener\">Indian crypto market<\/a> displays resilience amid global macro uncertainty. While altcoins offer high potential returns, investors should remain cautious, diversify their portfolios and stay informed about regulatory developments and macroeconomic data.<\/p>\n<\/blockquote>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Crypto Market overview The digital\u2011asset market steadied after a volatile week. Bitcoin hovered around $111&nbsp;k and Ethereum around $4.48&nbsp;k, both posting small daily gains. CoinMarketCap\u2019s global crypto market capitalisation stood near $3.86&nbsp;trillion with $158&nbsp;billion in 24\u2011hour trading volume. Bitcoin still dominates with a 57.4&nbsp;% share of total market value while Ethereum commands 14&nbsp;%. The Fear [&hellip;]<\/p>\n","protected":false},"author":93,"featured_media":42996,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_ayudawp_aiss_exclude":false,"footnotes":""},"categories":[14714],"tags":[1882,483,6467,14776,14781,10260,6602,6536],"class_list":["post-46276","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-analysis","tag-altcoins","tag-bitcoin","tag-crypto","tag-crypto-market-analysis","tag-crypto-today","tag-cryptocurrency","tag-market-update","tag-news"],"acf":{"youtube_vodeo_url":"","seo":{"title":"","keywords":"","description":"","canonical":""},"blog_banner_image":false,"blog_coin":false,"download_the_app":{"button_value":"","button_url":""},"twitter_card":{"twitter_title":"","twitter_description":"","twitter_link":""},"maturity_tag":"","post_author":false,"guest_author":false,"hide_toc":false,"select_disclaimer":"Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information provided in this post is not to be considered investment\/financial advice from CoinSwitch. Any action taken upon the information shall be at the user\u2019s risk.","key_takeways":false},"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts\/46276","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/users\/93"}],"replies":[{"embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/comments?post=46276"}],"version-history":[{"count":1,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts\/46276\/revisions"}],"predecessor-version":[{"id":46278,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts\/46276\/revisions\/46278"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/media\/42996"}],"wp:attachment":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/media?parent=46276"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/categories?post=46276"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/tags?post=46276"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}