{"id":46833,"date":"2025-10-06T21:56:48","date_gmt":"2025-10-06T16:26:48","guid":{"rendered":"https:\/\/coinswitch.co\/switch\/?p=46833"},"modified":"2025-10-08T22:02:40","modified_gmt":"2025-10-08T16:32:40","slug":"daily-crypto-market-update-btc-holds-at-%e2%82%b91cr-6-october-2025","status":"publish","type":"post","link":"https:\/\/coinswitch.co\/switch\/market-analysis\/daily-crypto-market-update-btc-holds-at-%e2%82%b91cr-6-october-2025\/","title":{"rendered":"Daily Crypto Market Update: BTC holds at \u20b91cr+ (6 October 2025)"},"content":{"rendered":"\n

The Indian crypto market spent the day trading in a narrow range while global macro cues remained subdued. Bitcoin and Ethereum, the two most widely followed cryptocurrencies\u2014saw marginal declines as investors digested mixed signals from US economic data and the continued strength of the US dollar. Activity on Indian exchanges remained steady, with overall market capitalization largely unchanged. Here\u2019s a detailed look at today\u2019s market movements, including price action for Bitcoin and Ethereum, the top gainers and losers among altcoins, and what to watch for tomorrow.<\/p>\n\n\n\n

Bitcoin & Ethereum Price Movement<\/h2>\n\n\n\n
Metric<\/strong><\/th>Bitcoin (BTC)<\/strong><\/th>Ethereum (ETH)<\/strong><\/th><\/tr><\/thead>
Price (approx. INR)<\/strong><\/td>\u20b911,002,232<\/td>\u20b9405,698<\/td><\/tr>
Price (approx. USD)<\/strong><\/td>$123,927<\/td>$4,570<\/td><\/tr>
24\u2011h % change<\/strong><\/td>-0.81%<\/td>-0.06%<\/td><\/tr>
24\u2011h high<\/strong><\/td>\u20b911,096,347 (\u2248 $124,987)<\/td>\u20b9409,139 (\u2248 $4,608)<\/td><\/tr>
24\u2011h low<\/strong><\/td>\u20b910,873,467 (\u2248 $122,476)<\/td>\u20b9397,703 (\u2248 $4,480)<\/td><\/tr>
Sentiment<\/strong><\/td>Slightly bearish<\/td>Neutral to slightly bearish<\/td><\/tr>
Commentary<\/strong><\/td>Bitcoin edged lower after failing to break above its recent peak. A stronger US dollar and cautious global sentiment weighed on the price.<\/td>Ethereum held steady near \u20b94 lakh, with traders waiting for upcoming network upgrades. The minor drop indicates consolidation rather than a major shift.<\/td><\/tr><\/tbody><\/table>
Learn more about: Bitcoin price live<\/a> and Ethereum price movement<\/a> in India.<\/figcaption><\/figure>\n\n\n\n

Interpretation:<\/strong> Bitcoin\u2019s inability to reclaim the previous day\u2019s high suggests profit\u2011taking by traders. Ethereum\u2019s relatively flat performance hints at market participants adopting a wait\u2011and\u2011see approach ahead of expected protocol updates.<\/p>\n\n\n\n

Top Gainers (Altcoins)<\/h2>\n\n\n\n
Altcoin<\/strong><\/th>24\u2011h Price Change<\/strong><\/th>Brief Comment<\/strong><\/th><\/tr><\/thead>
Mantle (MNT)<\/strong><\/td>+7.48%<\/strong><\/td>Mantle rallied strongly as its modular blockchain design attracted attention from developers and investors. The token climbed above recent resistance, making it the standout performer of the day.<\/td><\/tr>
Binance Coin (BNB)<\/strong><\/td>+3.13%<\/strong><\/td>BNB moved higher as Binance Smart Chain announced new partnerships and cross\u2011chain integrations. The positive news spurred buying on Indian exchanges.<\/td><\/tr>
Stellar (XLM)<\/strong><\/td>+0.31%<\/strong><\/td>Stellar posted modest gains on renewed interest in cross\u2011border payments. Its steady uptick reflects growing adoption by financial institutions.<\/td><\/tr>
TRON (TRX)<\/strong><\/td>+0.38%<\/strong><\/td>TRON edged up thanks to increased DeFi activity on its network. Transaction volumes rose, lending support to the price.<\/td><\/tr>
Plasma (XPL)<\/strong><\/td>+1.89%<\/strong><\/td>Trending as a niche layer\u20112 project, Plasma delivered a small but notable gain, driven by speculative interest among Indian traders.<\/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>Reason for Decline<\/strong><\/th><\/tr><\/thead>
Pump.fun (PUMP)<\/strong><\/td>-8.24%<\/strong><\/td>The meme\u2011token saw profit\u2011taking after a recent surge. Lack of fundamental news made it vulnerable to volatility.<\/td><\/tr>
Pudgy Penguins (PENGU)<\/strong><\/td>-4.55%<\/strong><\/td>Sentiment turned negative amid concerns that the NFT\u2011linked token\u2019s rally was overextended. Volume dried up, leading to a pullback.<\/td><\/tr>
Hyperliquid (HY)<\/strong><\/td>-4.01%<\/strong><\/td>The perpetuals liquidity token fell as leverage trading cooled. Traders reduced positions ahead of expected regulatory updates.<\/td><\/tr>
Chainlink (LINK)<\/strong><\/td>-2.92%<\/strong><\/td>LINK slid as momentum from recent partnership announcements faded. Although fundamentals remain solid, short\u2011term traders booked profits.<\/td><\/tr>
Cardano (ADA)<\/strong><\/td>-2.49%<\/strong><\/td>ADA declined after its developer community delayed a scheduled update. The setback dampened near\u2011term enthusiasm.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Crypto Market Overview and Cues<\/h2>\n\n\n\n

Local factors:<\/strong> Trading volumes on Indian exchanges remained steady, indicating that domestic investors continue to accumulate major coins on dips. Regulatory clarity from the Reserve Bank of India has reduced uncertainty, encouraging more institutions to explore blockchain\u2011based solutions. The weakening of the Indian rupee against the US dollar also makes USD\u2011denominated crypto assets relatively attractive to local investors.<\/p>\n\n\n\n

Global factors:<\/strong> A stronger US dollar and mixed economic data out of the United States kept global risk appetite muted. Traditional markets remained cautious ahead of upcoming inflation reports and central\u2011bank meetings. These macro headwinds limited upside for crypto assets. However, continued institutional interest\u2014evidenced by rising open interest in US\u2011listed Bitcoin ETFs\u2014provided a floor for prices.<\/p>\n\n\n\n

Key Coins to Watch<\/h2>\n\n\n\n