Bitcoin’s price held steady around $111,350 (approximately Rs. 97.9 lakh) on Thursday, after a brief dip below the $110,000 (roughly Rs. 96.7 lakh) mark. Traders were carefully evaluating ongoing US-China trade tensions and the absence of crucial economic data due to the extended US government shutdown. Although supported in part by institutional inflows and a weaker dollar, overall market sentiment remained cautious. Ethereum mirrored this trend, trading near $4,000 (roughly Rs. 3.51 lakh). According to the Gadgets 360 price tracker, Bitcoin traded at approximately Rs. 97.6 lakh, with Ethereum hovering around Rs. 3.5 lakh on Indian exchanges.
Altcoins Experience Sideways Trading Amidst Global Caution
On Thursday, various altcoins also saw slight declines as the market adjusted to recent Bitcoin volatility. Binance Coin (BNB) was near $1,178 (approximately Rs. 1.03 lakh), while XRP stood at $2.41 (roughly Rs. 211). Solana (SOL) traded around $193 (roughly Rs. 16,900), and Dogecoin (DOGE) stood at $0.19 (roughly Rs. 16).
Avinash Shekhar, Co-Founder and CEO of Pi42, commented that the crypto market is entering a phase of structural recovery after a significant deleveraging event. He noted, “Bitcoin, stabilizing around the $111,000-$114,000 range (approximately Rs. 97.5 lakh-Rs.1.02 crore), is showing signs of resilience as traders weigh Federal Reserve tailwinds against global trade volatility. Ethereum’s steady open interest growth and renewed trader positioning indicate confidence returning to major assets.”
The CoinSwitch Markets Desk observed that a lack of significant macro data and escalating trade tensions have curbed market momentum. “BTC continues to hold firm near the $110,000 (roughly Rs. 96 lakh) support, and a break above $112,000 (roughly Rs. 98.4 lakh) could trigger a short-term rebound toward the $113,000-$114,000 (roughly Rs. 99.3 lakh-Rs.1.01 crore) range. For now, the sideways accumulation suggests traders await new catalysts to drive the next move,” they stated.
Edul Patel, CEO of Mudrex, added that Bitcoin is trading within a narrow range, attempting to build momentum for its next significant move. He highlighted, “Renewed institutional inflows, a weaker dollar, and the Fed’s indication of another rate cut have created a favorable environment for a potential breakout. Bitcoin and Ethereum ETFs collectively saw inflows of $338 million (roughly Rs. 29,714 crore), signaling strong market confidence.”
According to the CoinDCX Research Team, overall sentiment remains mixed, with major tokens hovering around crucial support levels. “While Ethereum maintains its position above $4,000 (roughly Rs. 3.51 lakh), BNB, XRP, Solana, and Dogecoin continue to trade near their respective support levels. Notable gainers for the day included Dash and Memecore, whereas Aster and Bittensor experienced sharp declines,” the team reported.
Analysts believe that despite immediate uncertainties, the crypto market’s current consolidation phase could be setting the stage for a more sustained recovery as Q4 2025 approaches.