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Bitcoin's Price Steadies Near $61,600 Ahead of Key US Inflation Data

Bitcoin's Price Steadies Near $61,600 Ahead of Key US Inflation Data

Investors await US Core PCE data as crypto markets remain cautious amid subdued institutional activity.

Written by Rahul Dhingra, Edited by David Delima | Updated: 25 June 2026 14:12 IST

Bitcoin's Price Steadies Near $61,600 Ahead of Key US Inflation Data

Photo Credit: Unsplash/Kanchanara

Large-cap cryptocurrencies extend losses as traders remain cautious

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Highlights

Large-cap altcoins mirror Bitcoin’s decline
ETF outflows continue to weigh on investor sentiment
Bitcoin holds above the key $60,000 support level

Bitcoin traded near $61,600 (roughly Rs. 58.28 lakh) on Thursday, as the cryptocurrency market remained cautious ahead of the release of the US Core PCE inflation data later in the day. The world's largest cryptocurrency saw a decline of 1.31 percent in the last 24 hours, based on today's market data. Ethereum (ETH) was trading near $1,600 (roughly Rs. 1.56 lakh), reflecting weakness across the broader crypto market. Bitcoin is currently priced around Rs. 58.28 lakh in India, while Ethereum trades near Rs. 1.56 lakh, as per today's Gadgets 360 price tracker.

Market analysts observed that weak risk appetite in the crypto space had remained a consequence of weak institutional participation, ongoing outflows from the ETF, and the anticipation of the Fed's preferred inflation indicator.

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Broadly tracking Bitcoin's movement, several altcoins also traded lower on Thursday, as investors avoided aggressive positioning before the inflation report. Binance Coin (BNB) was priced around $570.46 (roughly Rs. 53,900), while Solana (SOL) traded near $69.35 (roughly Rs. 6,552). XRP hovered around $1.08 (roughly Rs. 102), and Dogecoin (DOGE) was trading close to $0.077 (roughly Rs. 7.3), reflecting broad-based weakness across large-cap cryptocurrencies.

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Anticipated US Inflation Data Keeps Crypto Investors on Edge

Providing a broader view of current market conditions, Vikram Subburaj, CEO, Giottus.com, said, “The inflation reading is expected at 3.4 percent year-on-year, up slightly from 3.3 percent, making it an important indicator for expectations around future US interest rates [...] Investors should avoid reacting to short-term volatility around macroeconomic events. Instead of chasing sharp intraday moves, it is prudent to focus on disciplined allocation, staggered investments, and assets with strong liquidity and long-term fundamentals until market direction becomes clearer.”

Sharing its perspective on the latest market trends, the WazirX Markets Desk said, “Despite the consolidation, institutional participation, ETF interest, and long-term adoption continue to provide support for the crypto market [...] Meanwhile, the Ethereum Foundation's restructuring has received backing from several leading industry figures, who believe the changes will strengthen Ethereum's governance, development roadmap, and long-term ecosystem growth, keeping attention on the network's future as development efforts continue.”

Overall, analysts said the crypto market is likely to remain sensitive until the release of the US Core PCE inflation data, with institutional demand still subdued despite supportive long-term on-chain indicators. Bitcoin's ability to defend the $60,000-$61,000 (roughly Rs. 56.69 lakh-Rs. 57.63 lakh) support zone and regain higher levels will remain key to determining the market's near-term direction.

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.

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Further reading: Cryptocurrency, Bitcoin, Ethereum, Crypto Markets

Rahul Dhingra

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Rahul Dhingra is a crypto writer at Gadgets 360, where he covers the exciting world of Cryptocurrency, Blockchain, Defi and Web3. Before joining Gadgets 360, he worked as a content specialist for a European-based Crypto Exchange. Rahul loves storytelling, not just through the written word but also through the visual medium. Beyond his professional life, Rahul is a sports fanatic. Whether it’s cricket or football, his passion for the game is contagious. More