{"id":47386,"date":"2025-11-07T17:00:06","date_gmt":"2025-11-07T11:30:06","guid":{"rendered":"https:\/\/coinswitch.co\/switch\/?p=47386"},"modified":"2025-11-07T17:01:18","modified_gmt":"2025-11-07T11:31:18","slug":"crypto-market-update-india-market-snapshot-7-november-2025","status":"publish","type":"post","link":"https:\/\/coinswitch.co\/switch\/market-analysis\/crypto-market-update-india-market-snapshot-7-november-2025\/","title":{"rendered":"Crypto Market Update: India Market Snapshot \u2013 7\u00a0November\u00a02025"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Crypto Market Overview<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Global market cap:<\/strong> Around <strong>$3.5\u202ftrillion<\/strong>, down about <strong>1\u202f%<\/strong> over the previous day, signalling ongoing pressure from macro\u2011economic headwinds.<\/li>\n\n\n\n<li><strong>Fear and\u00a0Greed Index:<\/strong> Slipped further into <strong>\u201cExtreme Fear\u201d<\/strong> at <strong>24<\/strong>, showing that sentiment remains subdued even after recent sell\u2011offs.<\/li>\n\n\n\n<li><strong>Bitcoin<\/strong> traded close to <strong>$101,000<\/strong> (\u2248\u202f\u20b98.9\u202flakh) while <strong>Ethereum<\/strong> hovered around <strong>$3,270<\/strong> (\u2248\u202f\u20b92.9\u202flakh). Both assets struggled to gain traction amid continued profit\u2011taking.<\/li>\n\n\n\n<li><strong>USD\/INR:<\/strong> The rupee held firm near <strong>\u20b988.6 per dollar<\/strong>, limiting the impact of dollar strength on local crypto valuations.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Bitcoin &amp;&nbsp;Ethereum Price Movement<\/h2>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table><thead><tr><th>Metric<\/th><th>Bitcoin (BTC)<\/th><th>Ethereum (ETH)<\/th><\/tr><\/thead><tbody><tr><td><strong>Price (approx. INR)<\/strong><\/td><td><strong>\u20b98.91\u202flakh<\/strong> (\u2248\u202f$101,000)<\/td><td><strong>\u20b92.90\u202flakh<\/strong> (\u2248\u202f$3,270)<\/td><\/tr><tr><td><strong>24\u2011h % change<\/strong><\/td><td><strong>\u20132.46\u202f%<\/strong><\/td><td><strong>\u20133.66\u202f%<\/strong><\/td><\/tr><tr><td><strong>24\u2011h high (approx.)<\/strong><\/td><td><strong>\u20b99.00\u202flakh<\/strong> (\u2248\u202f$102,000)<\/td><td><strong>\u20b93.00\u202flakh<\/strong> (\u2248\u202f$3,380)<\/td><\/tr><tr><td><strong>24\u2011h low (approx.)<\/strong><\/td><td><strong>\u20b98.82\u202flakh<\/strong> (\u2248\u202f$99,600)<\/td><td><strong>\u20b92.85\u202flakh<\/strong> (\u2248\u202f$3,220)<\/td><\/tr><tr><td><strong>Sentiment<\/strong><\/td><td>Cautiously bearish<\/td><td>Weakening momentum<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><strong>Commentary:<\/strong> Bitcoin slid below \u20b99\u202flakh early in the session as hawkish comments from U.S. Federal Reserve officials and tepid ETF inflows weighed on sentiment. Despite the drop, large \u201cwhale\u201d wallets reportedly accumulated more than <strong>29,000 BTC<\/strong> over the last week, indicating that long\u2011term holders see value near the \u20b98.8\u202flakh support zone. Resistance appears around <strong>\u20b99.2\u202flakh<\/strong>. Ethereum underperformed, falling toward \u20b92.85\u202flakh as investors rotated out of DeFi\u2011linked assets. Support is near \u20b92.8\u202flakh and resistance sits around \u20b93.1\u202flakh.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Market Movements and Key Indices<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Global cues:<\/strong> A continued <strong>hawkish Federal Reserve stance<\/strong> and softer risk appetite kept crypto markets under pressure. Bitcoin traded between $101,000 and $102,000, while Ethereum slipped below $3,400. Analysts noted that ETF inflows resumed after a six\u2011day lull, but liquidity remains thin with support near $100,500 and resistance around $102,500. Whale accumulation hints at a potential rebound once macro conditions stabilise.<\/li>\n\n\n\n<li><strong>Local cues:<\/strong> The rupee\u2019s stability around \u20b988.6\/USD helped cushion local portfolios. However, India\u2019s <strong>1\u202f% TDS<\/strong> on crypto transactions and <strong>30\u202f% tax on gains<\/strong> continue to dampen speculative activity. Trading volumes on domestic exchanges were moderate as investors awaited U.S. labour data and guidance from the Reserve Bank of India.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Top indices and market cap<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Total market cap:<\/strong> \u2248\u202f$3.49\u202ftrillion (down ~1\u202f%).<\/li>\n\n\n\n<li><strong>Leading Indian\u2011market coins by market cap:<\/strong> Bitcoin (\u20b98.91\u202flakh, \u22122.46\u202f%), Ethereum (\u20b92.90\u202flakh, \u22123.66\u202f%), Tether (\u20b988.60, +0.0\u202f%), XRP (\u20b9193.13, \u22125.50\u202f%), Binance Coin (\u20b984,008, \u22120.67\u202f%).<\/li>\n\n\n\n<li><strong>Fear &amp;\u00a0Greed Index:<\/strong> 24 (Extreme Fear).<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Top Trending Coins in India<\/h2>\n\n\n\n<p>Search and market\u2011interest data pointed to renewed curiosity in niche and privacy\u2011focused tokens. <strong>Zcash (ZEC)<\/strong>, <strong>Internet&nbsp;Computer (ICP)<\/strong>, <strong>WhiteBIT&nbsp;Coin (WBT)<\/strong>, <strong>Monero (XMR)<\/strong>, <strong>Figure&nbsp;Heloc<\/strong>, <strong>LEO&nbsp;Token (LEO)<\/strong> and <strong>Hyperliquid (HYPL)<\/strong> were among the most discussed assets, driven by their recent volatility and social\u2011media buzz.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Top Gainers (Altcoins)<\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table><thead><tr><th>Altcoin<\/th><th>24\u2011h % change<\/th><th>Brief comment<\/th><\/tr><\/thead><tbody><tr><td><strong>Zcash&nbsp;(ZEC)<\/strong><\/td><td><strong>+2.31\u202f%<\/strong><\/td><td>Privacy\u2011focused coin held firm as investors continued to seek anonymity features; protocol upgrades fuelled demand.<\/td><\/tr><tr><td><strong>Shiba&nbsp;Inu&nbsp;(SHIB)<\/strong><\/td><td><strong>+2.19\u202f%<\/strong><\/td><td>Meme\u2011coin enthusiasm briefly returned on social media, lifting SHIB from recent lows.<\/td><\/tr><tr><td><strong>Monero&nbsp;(XMR)<\/strong><\/td><td><strong>+1.58\u202f%<\/strong><\/td><td>Consistent interest in untraceable transactions kept Monero in positive territory despite regulatory scrutiny.<\/td><\/tr><tr><td><strong>Avalanche&nbsp;(AVAX)<\/strong><\/td><td><strong>+1.13\u202f%<\/strong><\/td><td>Growing DeFi and gaming activity on the Avalanche network supported modest gains.<\/td><\/tr><tr><td><strong>Litecoin&nbsp;(LTC)<\/strong><\/td><td><strong>+1.02\u202f%<\/strong><\/td><td>Stronger miner participation ahead of the next difficulty adjustment helped buoy LTC.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">Top Losers (Altcoins)<\/h2>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table><thead><tr><th>Altcoin<\/th><th>24\u2011h % change<\/th><th>Possible reasons<\/th><\/tr><\/thead><tbody><tr><td><strong>XRP<\/strong><\/td><td><strong>\u22125.50\u202f%<\/strong><\/td><td>Regulatory worries and profit\u2011taking after a recent run sent XRP sharply lower.<\/td><\/tr><tr><td><strong>Ethereum&nbsp;(ETH)<\/strong><\/td><td><strong>\u22123.66\u202f%<\/strong><\/td><td>Weaker DeFi usage and rotation into Layer\u20111 rivals weighed on Ether.<\/td><\/tr><tr><td><strong>Solana&nbsp;(SOL)<\/strong><\/td><td><strong>\u22123.28\u202f%<\/strong><\/td><td>Profit\u2011taking in high\u2011beta tokens and network congestion concerns pressured SOL.<\/td><\/tr><tr><td><strong>WETH (wrapped ETH)<\/strong><\/td><td><strong>\u22122.97\u202f%<\/strong><\/td><td>The derivative tracked ETH\u2019s decline, amplifying losses as leverage unwound.<\/td><\/tr><tr><td><strong>UNUS&nbsp;SED&nbsp;LEO&nbsp;(LEO)<\/strong><\/td><td><strong>\u22122.84\u202f%<\/strong><\/td><td>Exchange\u2011token weakness reflected reduced trading volumes on associated platforms.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">Other Notable Market Updates<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Dogecoin (DOGE):<\/strong> Bucked the negative trend by rising roughly <strong>0.5\u202f%<\/strong> to about \u20b914.50 as meme\u2011coin buyers stepped in.<\/li>\n\n\n\n<li><strong>Tron (TRX):<\/strong> Fell around <strong>0.8\u202f%<\/strong> to \u20b925.22 as investors locked in profits after recent gains.<\/li>\n\n\n\n<li><strong>Cardano (ADA):<\/strong> Slipped <strong>0.3\u202f%<\/strong> to \u20b947.28, mirroring broader market weakness.<\/li>\n\n\n\n<li><strong>Avalanche (AVAX)<\/strong> and <strong>Uniswap (UNI):<\/strong> Added around <strong>1\u20131.3\u202f%<\/strong> on continued development news and DeFi participation.<\/li>\n\n\n\n<li><strong>Aave (AAVE):<\/strong> Dropped <strong>1.67\u202f%<\/strong> to \u20b917,429 as traders favoured newer lending platforms.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Key Coins to Watch<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Internet\u00a0Computer (ICP) &amp;\u00a0WhiteBIT\u00a0Coin (WBT):<\/strong> Both tokens have surged on rising network activity and partnerships. Watch for pullbacks to support zones around \u20b91,300 for ICP and \u20b9900 for WBT to gauge sustainability.<\/li>\n\n\n\n<li><strong>Zcash (ZEC):<\/strong> Privacy coins continue to attract attention; continued regulatory developments could either accelerate or derail this trend.<\/li>\n\n\n\n<li><strong>Monero (XMR):<\/strong> Holding above \u20b931,000 keeps momentum intact; any legal action targeting privacy protocols could increase volatility.<\/li>\n\n\n\n<li><strong>Bitcoin (BTC):<\/strong> The bellwether must hold support near <strong>\u20b98.8\u202flakh<\/strong> while resistance looms around <strong>\u20b99.2\u202flakh<\/strong>. Whale accumulation suggests potential for a rebound if macro fears ease.<\/li>\n\n\n\n<li><strong>Ethereum (ETH):<\/strong> Needs to reclaim <strong>\u20b93.0\u202flakh<\/strong> to improve its outlook. Watch for news on layer\u20112 rollouts and DeFi upgrades.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Outlook for Tomorrow<\/h2>\n\n\n\n<p>Heading into <strong>8\u202fNovember\u202f2025<\/strong>, analysts expect continued range\u2011bound trading. <strong>Bitcoin<\/strong> faces resistance near <strong>$102.5\u202fk<\/strong> (\u2248&nbsp;\u20b99.1\u202flakh) and support around <strong>$100.5\u202fk<\/strong> (\u2248&nbsp;\u20b98.9\u202flakh). A sustained move above resistance could open the door to <strong>$104\u2013105\u202fk<\/strong>, while a break below support may test the <strong>$96\u202fk<\/strong> area. <strong>Ethereum<\/strong> is likely to consolidate between <strong>$3.1\u202fk<\/strong> and <strong>$3.4\u202fk<\/strong> (\u20b92.8\u202flakh\u2013\u20b93.0\u202flakh). Upcoming U.S. non\u2011farm payroll data and statements from central bankers will influence global risk appetite. In India, traders should monitor rupee fluctuations, tax guidance and exchange volumes. While whale accumulation offers a glimmer of optimism, the market remains fragile; cautious position sizing and disciplined risk management are advised.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Crypto Market Overview Bitcoin &amp;&nbsp;Ethereum Price Movement Metric Bitcoin (BTC) Ethereum (ETH) Price (approx. INR) \u20b98.91\u202flakh (\u2248\u202f$101,000) \u20b92.90\u202flakh (\u2248\u202f$3,270) 24\u2011h % change \u20132.46\u202f% \u20133.66\u202f% 24\u2011h high (approx.) \u20b99.00\u202flakh (\u2248\u202f$102,000) \u20b93.00\u202flakh (\u2248\u202f$3,380) 24\u2011h low (approx.) \u20b98.82\u202flakh (\u2248\u202f$99,600) \u20b92.85\u202flakh (\u2248\u202f$3,220) Sentiment Cautiously bearish Weakening momentum Commentary: Bitcoin slid below \u20b99\u202flakh early in the session as hawkish comments [&hellip;]<\/p>\n","protected":false},"author":118,"featured_media":47387,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_ayudawp_aiss_exclude":false,"footnotes":""},"categories":[14714],"tags":[],"class_list":["post-47386","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-analysis"],"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\/47386","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\/118"}],"replies":[{"embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/comments?post=47386"}],"version-history":[{"count":2,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts\/47386\/revisions"}],"predecessor-version":[{"id":47393,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts\/47386\/revisions\/47393"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/media\/47387"}],"wp:attachment":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/media?parent=47386"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/categories?post=47386"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/tags?post=47386"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}