Bitcoin fell to around $88,000 as extreme fear spread through crypto markets and traders turned cautious ahead of a massive $28.5 billion options expiry. Volatility remains elevated, but signs of accumulation and tightening supply hint at potential upside by year-end. Key levels at $88,000 support and about $90,000 resistance may set the next move.
Thursday’s Indian market saw abrupt swings among several large counters. Tata Power and Adani Total Gas climbed sharply, while TTK Prestige and others fell, highlighting how fast sentiment can shift. Traders pointed to a mix of geopolitical tensions and seasonal demand patterns as key drivers behind the day’s biggest moves.
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Bitcoin’s deeper integration with American finance initially promised stability and a new role as an inflation and market-stress hedge. But when it started falling alongside other risk assets, demand weakened and good news failed to lift prices. Trading products and market structure appear to have further amplified swings, leaving Bitcoin harder to react to positively.
Markets fell for a second consecutive day as sharp price swings hit several high-attention names including Kaynes Technology, Swiggy, SpiceJet and Coforge. Selling pressure in IT and auto-linked stocks pulled headline indices lower, amplifying volatility across the session and keeping investors focused on the week’s next catalysts.
Bitcoin is trading near $66,510 as geopolitical tensions add pressure and a massive $14 billion options expiry heightens short-term volatility. Analysts say there’s no clear trend reversal yet, but bullish momentum could target $75,000 if the current pressure eases. Still, broader crypto market structure appears stable despite recent declines in major coins.
Indian benchmark indices slipped again for the second straight session, ending in the red amid choppy trade. High volatility shaped the day’s moves, with IT stocks emerging as the main drag on sentiment. Against this backdrop, investors tracked major gainers and losers including Adani Power and Mphasis as the market tried to find direction.
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