Most cryptocurrencies dipped in value on Friday with Bitcoin registering a price drop of under two percent on international exchanges to trade at $106,111 (roughly Rs. 90.8 lakh), as per CoinMarketCap. On Indian exchanges like CoinDCX, Giottus, and CoinSwitch, Bitcoin value dropped under one percent on Friday. BTC is currently listed at $108,350 (roughly Rs. 92.5 lakh) on Indian platforms. Market analysts have warned investors about the ongoing period of heightened volatility in the crypto sector.
“Bitcoin is consolidating near $106,000 (roughly Rs. 90.4 lakh) amid geopolitical uncertainty, as stalled US–China trade talks bring back trade war concerns. Additionally, macroeconomic pressures such as higher-than-expected US jobless claims and a 0.2 percent GDP contraction in Q1 2025 have added to short-term market caution,” Edul Patel, co-founder and CEO of Mudrex, told Gadgets 360.
Ether dipped by 3.13 percent in the last 24 hours. On International exchanges, ETH claimed the price point of $2,640 (roughly Rs. 2.25 lakh), CoinMarketCap showed. On Indian exchanges, the value of ETH dropped by four percent to rest at $2,718 (roughly Rs. 2.32 lakh).
“Macroeconomic uncertainty persists, driven by stalled US-China trade talks and a US court blocking tariffs,” said Riya Sehgal, research analyst at Delta Exchange.
The crypto price tracker by Gadgets 360 showed most cryptocurrencies dipping in value on Friday.
These include Tether, Ripple, Solana, Cardano, Tron, Chainlink, Avalanche, and Stellar.
Elrond, Qtum, Shiba Inu, Litecoin, and Polkadot also slipped in their respective prices.
The crypto market cap tumbled by two percent in the last 24 hours to set at a value of $3.35 trillion (roughly Rs. 2,86,38,573 crore), as per CoinMarketCap.
“We view these developments as indicative of a maturing crypto ecosystem where technological innovation and strategic alliances play pivotal roles in market dynamics,” Avinash Shekhar, co-Founder and CEO of Pi42, told Gadgets 360.
Meanwhile Leo, Iota, Status, Ardor, and Circuits of Value managed to see minor rise in values on Friday.
Bitcoin’s dominance on the crypto market stands at 63 percent. Ether, meanwhile, holds 9.5 percent of the market share.
“What’s striking is Bitcoin’s ability to outperform traditional assets in a time of economic fragility and geopolitical friction. While global markets search for direction, Bitcoin has emerged as a standout, offering not just performance but clarity in chaos,” said Himanshu Maradiya, founder and chairman, CIFDAQ. ” The road ahead remains a little volatile, but the underlying signal is clear: confidence in Bitcoin is deepening, and the market is watching.”
Cryptocurrency is an unregulated digital currency, not a legal tender and subject to market risks. The information provided in the article is not intended to be and does not constitute financial advice, trading advice or any other advice or recommendation of any sort offered or endorsed by NDTV. NDTV shall not be responsible for any loss arising from any investment based on any perceived recommendation, forecast or any other information contained in the article.
