New Delhi: Bitcoin and Ethereum stabilised this week after recent losses, aided by improving sentiment around a potential de-escalation in the Iran conflict, though trading activity remained subdued.
Bitcoin moved in a narrow $66,000–$67,000 range with lower volumes, reflecting investor caution, while altcoins lagged amid its continued dominance, according to WazirX.
Precious metals corrected sharply due to profit-booking despite ongoing geopolitical risks, signalling cautious market recalibration.
In the US, the proposed crypto regulatory framework, the Clarity Act, is expected to reduce uncertainty.
Macro signals remained mixed, with India’s strong GDP outlook contrasting with deflationary wholesale prices, while global investors awaited key inflation data.
Sentiment was further supported by expectations of foreign inflows and progress on US-India trade ties, though volatility continued to be driven more by uncertainty than clear directional trends.