The cryptocurrency market remained steady on Monday, with Bitcoin trading close to $93,200, roughly Rs. 84.7 lakh. Investors are showing caution, keeping digital assets in a narrow range. Ethereum (ETH) held near $3,200, around Rs. 2.9 lakh, reflecting continued confidence in the broader crypto ecosystem. Today’s data shows Bitcoin around Rs. 84.7 lakh and Ethereum near Rs. 2.9 lakh in India. Analysts attribute this consolidation to recent profit-taking and ongoing macroeconomic uncertainties.
Market participants noted that Bitcoin is hovering in the low-$90,000 range, approximately Rs. 81.86 lakh, as investors wait for US inflation data and upcoming Federal Reserve statements that could impact interest rate expectations. The absence of ETF trading during the US holiday period has kept institutional activity muted, reinforcing the lack of strong near-term market direction.
Altcoins displayed mixed performance. Binance Coin (BNB) was priced near $926.25, roughly Rs. 84,200, while Solana (SOL) traded close to $133.80, around Rs. 12,170. XRP hovered near $1.97, or Rs. 179 and Dogecoin (DOGE) remained around $0.12, roughly Rs. 10.91. Highlighting short-term market trends, Akshat Siddhant, Lead Quant Analyst at a crypto platform, said, “The market is seeing a bout of near-term profit taking, with Bitcoin hovering around $92,500, roughly Rs. 84.13 lakh and Ethereum near $3,200, roughly Rs. 2.91 lakh. Data shows a spike in short-term holder deposits, with roughly 41,800 BTC moving to exchanges in the last day, driving short-term swings. Despite this, the underlying trend remains healthy […] Added confidence comes from Strategy indicating continued buying interest.”
Experts advise disciplined investing during this phase. Avinash Shekhar, Co-Founder & CEO of a crypto firm, said, “Ethereum’s steady participation alongside Bitcoin signals continued confidence in the broader digital asset ecosystem. For investors, this is a time to stay disciplined, focus on long-term conviction, stagger allocations rather than chase short-term moves and align exposure with assets that have strong network activity and liquidity.” Vikram Subburaj, CEO of another platform, added, “On-chain data suggests this is a consolidation phase rather than one of panic selling. Buyers are consistently defending the $90,000, roughly Rs. 81.86 lakh, support zone even as rallies face resistance near $93,000–$95,000, roughly Rs. 84.56 lakh–Rs. 86.41 lakh. As long as key supports hold, staggered accumulation and disciplined position sizing make more sense than aggressive trading in a macro-driven market.”
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