{"id":46617,"date":"2025-10-08T21:25:56","date_gmt":"2025-10-08T15:55:56","guid":{"rendered":"https:\/\/coinswitch.co\/switch\/?p=46617"},"modified":"2025-10-08T22:30:16","modified_gmt":"2025-10-08T17:00:16","slug":"crypto-market-update-india-today","status":"publish","type":"post","link":"https:\/\/coinswitch.co\/switch\/market-analysis\/crypto-market-update-india-today\/","title":{"rendered":"Crypto Market Update Today – Stablecoins Take Center Stage"},"content":{"rendered":"\n

The global crypto market<\/strong> pulled back on 8 October 2025 as traders locked in profits after last week\u2019s record-breaking run. Bitcoin and Ethereum came off their recent peaks in Uptober<\/strong> and the broader market reflected a mix of optimism and caution. In India, sentiment was also shaped by local policy announcements. Union minister Piyush Goyal<\/strong> reiterated that India will soon launch an RBI\u2011backed digital rupee<\/strong> and again discouraged the use of private cryptocurrencies that lack sovereign or asset backing. This stance \u2013 coupled with heavy domestic taxes on trading gains \u2013 keeps speculative appetite in check but hasn\u2019t stopped investors from following the sector closely. Globally, traders are monitoring U.S. macro conditions: a government shutdown and expectations of lower interest rates have increased Bitcoin\u2019s appeal as a safe\u2011haven asset, even as near\u2011term sentiment cools.<\/p>\n\n\n\n

Bitcoin & Ethereum Price Movement<\/h2>\n\n\n\n

The two largest cryptocurrencies dominated trading headlines. Bitcoin (BTC)<\/strong> consolidated after setting a fresh all\u2011time high above $126,000 earlier this week, slipping back toward the $121,000\u2013$125,000 range. Ethereum (ETH)<\/a><\/strong> fell harder, retreating below $4,500 after failing to hold a breakout above $4,800. Despite the pullback, both coins still sit near multi\u2011month highs. <\/p>\n\n\n\n

Metric<\/strong><\/th>Bitcoin (BTC)<\/strong><\/th>Ethereum (ETH)<\/strong><\/th><\/tr><\/thead>
Price (approx. INR)<\/strong><\/td>\u20b91,07,99,397<\/td>\u20b93,94,996<\/td><\/tr>
Price (approx. USD)<\/strong><\/td>$121,800<\/td>$4,460<\/td><\/tr>
24\u2011h % change<\/strong><\/td>\u20131.8 %<\/td>\u20134.5 %<\/td><\/tr>
24\u2011h high<\/strong><\/td>\u20b91,10,28,855 (\u2248 $125,108)<\/td>\u20b94,21,000 (\u2248 $4,753)<\/td><\/tr>
24\u2011h low<\/strong><\/td>\u20b91,06,75,000 (\u2248 $120,702)<\/td>\u20b93,94,000 (\u2248 $4,454)<\/td><\/tr>
Sentiment<\/strong><\/td>Cautious consolidation as traders take profits after new highs; fear & greed index still in \u201cgreed\u201d territory.<\/td>Pullback after failed breakout; traders watching whether support near $4,400 holds.<\/td><\/tr>
Commentary<\/strong><\/td>Bitcoin slipped from its recent record above $126,000 amid profit\u2011taking. Safe\u2011haven demand remains strong due to U.S. political uncertainty and expectations of lower rates. Analysts say holding above $120k could lead to another rally.<\/td>Ethereum\u2019s decline was sharper because it couldn\u2019t sustain its run above $4,800. Despite the drop, the network continues to benefit from strong DeFi activity and institutional staking. A rebound depends on maintaining the $4,400 floor.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
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Buy Bitcoin<\/strong><\/a><\/div>\n<\/div>\n\n\n\n

Top Gainers (Altcoins)<\/h2>\n\n\n\n
Altcoin<\/strong><\/th>24\u2011h Price Change<\/strong><\/th>Commentary<\/strong><\/th><\/tr><\/thead>
PancakeSwap (CAKE)<\/strong><\/td>\u25b2\u2248 11 %<\/td>CAKE led the altcoin gains as investors rotated into DeFi tokens. The protocol\u2019s steady fee revenue and forthcoming v4 upgrade sparked fresh interest.<\/td><\/tr>
Sonic (S)<\/strong><\/td>\u25b2\u2248 7 %<\/td>GameFi token Sonic climbed on expectations of a new game release and broader metaverse enthusiasm. Speculative flows drove most of the gains.<\/td><\/tr>
Binance Coin (BNB)<\/strong><\/td>\u25b2\u2248 4.8 %<\/td>BNB hit a new all\u2011time high, buoyed by the success of Binance\u2019s Layer\u20112 ecosystem and an upcoming token burn. It overtook XRP to become the third\u2011largest crypto by market cap.<\/td><\/tr>
Mantle (MNT)<\/strong><\/td>\u25b2\u2248 5 %<\/td>The Mantle network token advanced as the project announced a major partnership with a decentralized exchange, boosting liquidity on the chain.<\/td><\/tr>
Tether Gold (XAUT)<\/strong><\/td>\u25b2\u2248 2 %<\/td>As risk appetite cooled, investors hedged with gold\u2011backed stablecoins. XAUT\u2019s modest rise reflects safe\u2011haven demand without leaving the crypto ecosystem.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Top Losers (Altcoins)<\/h2>\n\n\n\n
Altcoin<\/strong><\/th>24\u2011h Price Change<\/strong><\/th>Commentary<\/strong><\/th><\/tr><\/thead>
DoubleZero (2Z)<\/strong><\/td>\u25bc\u2248 17.9 %<\/td>The day\u2019s worst performer plunged after whales offloaded tokens following a speculative pump. Lack of real\u2011world use makes 2Z vulnerable to sharp swings.<\/td><\/tr>
Zcash (ZEC)<\/strong><\/td>\u25bc\u2248 10 %<\/td>Privacy coin Zcash fell after regulators signalled closer scrutiny of anonymous transactions. Profit\u2011taking by short\u2011term traders intensified the decline.<\/td><\/tr>
MYX Finance (MYX)<\/strong><\/td>\u25bc\u2248 10 %<\/td>MYX retraced as liquidity farming rewards were slashed, prompting yield chasers to rotate into other protocols.<\/td><\/tr>
World Liberty Financial (WLF)<\/strong><\/td>\u25bc\u2248 10 %<\/td>This small\u2011cap token continued its downward spiral amid rumours of a delayed platform launch and concerns about developer activity.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Crypto Market Movements & Key Themes<\/h2>\n\n\n\n