The crypto market slipped further into negative territory today as investors ditched riskier bets. Bitcoin<\/mark><\/a> <\/strong>fell below the \u20b97.5\u00a0lakh mark, sliding to its lowest level since April. Ethereum<\/mark><\/strong><\/a> followed the same path, losing nearly eight\u00a0percent in 24\u00a0hours. The overall crypto market capitalisation has retreated to around $2.95\u00a0trillion, with almost $958\u00a0million of leveraged positions liquidated overnight. Analysts say this broad sell\u2011off appears to be a mid\u2011cycle correction rather than a capitulation, yet sentiment remains deeply cautious.<\/p>\n\n\n\n Domestic cues have added to the nervousness. India\u2019s Reserve Bank governor reiterated that the central bank will remain \u201cvery cautious\u201d<\/em> on private cryptocurrencies and stablecoins, reinforcing the likelihood of strict oversight. Meanwhile, stronger\u2011than\u2011expected U.S. jobs data tempered hopes of imminent rate cuts by the Federal Reserve, pushing global bond yields higher and weighing on speculative assets. Equity indices such as the Sensex and Nifty retreated as investors reassessed risk; the India VIX jumped over 13 percent.<\/p>\n\n\n\n Despite the broad sell\u2011off, a handful of smaller tokens bucked the downtrend. The strongest performers were mostly niche projects or community\u2011focused tokens rather than large\u2011cap names.<\/p>\n\n\n\n Major alternative coins were hit hard, with double\u2011digit drops in some names. Selling pressure intensified as liquidity dried up and leveraged positions were unwound.<\/p>\n\n\n\n The fall in crypto prices is being driven by a combination of local and global factors. Strong U.S. employment data dashed hopes of imminent monetary easing, prompting bond yields to climb and riskier assets to fall. In India, regulatory headwinds persist as the central bank signals a strict stance on private tokens, favouring the country\u2019s own central\u2011bank digital currency instead. Traders are also grappling with the hangover from October\u2019s liquidity crunch, when a flash crash wiped out billions in positions and weakened market makers. This week\u2019s slide triggered nearly $1 billion in fresh liquidations, deepening the sell\u2011off.<\/p>\n\n\n\n Sentiment indicators have dipped back into the extreme fear<\/em> zone. The crypto Fear & Greed Index sits around 14, while the relative strength index (RSI) for many large tokens hovers near 39, signalling weakness. Analysts note that such mid\u2011cycle corrections of 20\u201330 percent are common during bull runs and may offer long\u2011term accumulation opportunities. However, until macro conditions improve and leverage is flushed out, volatility is expected to remain elevated.<\/p>\n\n\n\n The next 24 hours are likely to remain choppy. Crypto markets will look to U.S. macro data, including fresh inflation indicators and comments from Federal Reserve officials, for direction. In India, traders will monitor statements from policy makers ahead of the Parliament\u2019s winter session, where a draft crypto bill could be introduced. If global risk sentiment remains weak, Bitcoin could continue to test lower support zones. Conversely, any hint of dovish policy or easing inflation could spark a relief rally.<\/p>\n\n\n\n Overall, caution is warranted. Volatility remains high and liquidity thin. Long\u2011term investors might view the current environment as an opportunity to accumulate core assets gradually, while short\u2011term traders should manage risk carefully and avoid excessive leverage. <\/p>\n\n\n\n Search interest and social media chatter indicate growing attention toward niche tokens despite the broad slump. Tensor (TNSR), Firo (FIRO), BOB (Build on Bitcoin), Aster (ASTER) and Solana (SOL) were among the most\u2011discussed coins on local trading platforms and forums. Their sharp moves reflect speculative trading rather than fundamental shifts, so caution is advised when considering these names.<\/p>\n\n\n\nBitcoin & 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> ~\u20b97,62,00,000<\/td> ~\u20b92,49,000<\/td><\/tr> Price (approx. USD)<\/strong><\/td> ~$86,100<\/td> ~$2,810<\/td><\/tr> 24\u2011h % change<\/strong><\/td> \u25bc ~7.0 %<\/td> \u25bc ~7.5 %<\/td><\/tr> 24\u2011h high<\/strong><\/td> \u20b972,54,200 (\u2248 $87,400)<\/td> \u20b92,39,870 (\u2248 $2,887)<\/td><\/tr> 24\u2011h low<\/strong><\/td> \u20b970,77,410 (\u2248 $85,266)<\/td> \u20b92,29,910 (\u2248 $2,773)<\/td><\/tr> Sentiment<\/strong><\/td> Extreme fear and risk\u2011off<\/td> Cautious and bearish<\/td><\/tr> Commentary<\/strong><\/td> BTC breached key support near \u20b98 lakh as sellers dominated; high liquidations hint at forced deleveraging.<\/td> ETH mirrored BTC\u2019s slide, holding above \u20b92.25 lakh but still vulnerable if market weakness persists.<\/td><\/tr><\/tbody><\/table><\/figure>\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> Tensor (TNSR)<\/strong><\/td> \u25b2 ~91 %<\/td> A new Solana\u2011based marketplace token surged on launch hype and limited supply. Volume remains modest and volatility high.<\/td><\/tr> Firo (FIRO)<\/strong><\/td> \u25b2 ~28 %<\/td> The privacy\u2011focused coin gained as traders rotated into anonymity tokens; liquidity is thin so price swings can be sharp.<\/td><\/tr> BOB (Build on Bitcoin)<\/strong><\/td> \u25b2 ~20 %<\/td> This experimental DeFi token rallied as developers announced cross\u2011chain integrations; speculative interest drove the spike.<\/td><\/tr> Aster (ASTER)<\/strong><\/td> \u25b2 ~4 %<\/td> A minor layer\u20111 token edged higher on staking updates; gains were modest compared with the broader market decline.<\/td><\/tr> Stablecoins (USDT\/USDC)<\/strong><\/td> ~0\u20130.2 %<\/td> Tether and USD Coin held steady, benefiting from capital preservation flows as traders sought refuge in dollar\u2011pegged assets.<\/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> Potential drivers<\/strong><\/th><\/tr><\/thead> Near Protocol (NEAR)<\/strong><\/td> \u25bc ~14.5 %<\/td> Investors locked in profits after NEAR\u2019s recent run\u2011up; concerns about network congestion and heavy staking unlocks weighed on sentiment.<\/td><\/tr> Cardano (ADA)<\/strong><\/td> \u25bc ~8.8 %<\/td> ADA slipped alongside other smart\u2011contract platforms as risk appetite waned; developers\u2019 roadmap updates failed to impress traders.<\/td><\/tr> Uniswap (UNI)<\/strong><\/td> \u25bc ~9.0 %<\/td> The leading decentralised\u2011exchange token fell amid a drop in on\u2011chain trading volumes and persistent regulatory uncertainty.<\/td><\/tr> Sui (SUI)<\/strong><\/td> \u25bc ~9.4 %<\/td> SUI pulled back sharply, reflecting profit\u2011taking after its recent listing and general aversion to new projects.<\/td><\/tr> Solana (SOL)<\/strong><\/td> \u25bc ~8.4 %<\/td> SOL gave back earlier gains; although still one of the most active networks, its fast ascent left it vulnerable in a broad risk\u2011off move.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n Crypto market movements and sentiment<\/h2>\n\n\n\n
Local and global cues to watch<\/h2>\n\n\n\n
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Key coins to watch<\/h2>\n\n\n\n
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Crypto updates and outlook for tomorrow<\/h2>\n\n\n\n
Top trending coins in India today<\/h2>\n\n\n\n