Bitcoin was trading at $104,010 (roughly Rs. 89.09 lakh) on global platforms on Friday.
The valuation of the sector presently stands at $3.33 trillion
Photo Credit: Unsplash/ Ash_Ismail
Bitcoin's price rose by 1.30 percent on international exchanges on Friday, even as the overall crypto market shows signs of instability. The digital asset is now trading at $104,010 (roughly Rs. 89.09 lakh) on global platforms, as per CoinMarketCap. Meanwhile, on Indian exchanges, the value of the asset rose by nearly two percent to trade $104,770 (roughly Rs. 89.7 lakh). Amid the ongoing Bitcoin rally, JPMorgan has predicted that Bitcoin could outperform gold in the second half of 2025.
"Bitcoin has continued to trade within a range between the $101,700 (roughly Rs. 87.1 lakh) support and $104,800 (roughly Rs. 89.7 lakh) resistance levels, maintaining its position above the critical $100K mark for the seventh consecutive day. BTC ETFs recorded outflows totalling $295 million (roughly Rs. 2,527 crore)," Edul Patel, Co-founder and CEO of Mudrex told Gadgets 360.
Unlike Bitcoin, the price of Ether dropped by 0.15 percent to trade at $2,588 (roughly Rs. 2.21 lakh) on international exchanges. On Indian platforms, Ether clocked minor losses of up to 0.22 percent, bringing its price to $2,599 (roughly Rs. 2.22 lakh).
"Ethereum is showing signs of a breakout setup, with $2,735 (roughly Rs. 2.34 lakh) a key resistance level to watch. Overall, while short-term volatility is possible, current price action suggests a consolidation phase that could precede the next leg up in this bull cycle," said Riya Sehgal, Research Analyst, Delta Exchange.
The crypto price tracker by Gadgets 360 showed that the prices of most altcoins were down on Friday, including Tether, Ripple, Solana, Dogecoin, Cardano, and Avalanche.
Other cryptocurrencies that dropped in value on Friday included Shiba Inu, Leo, Polkadot, Monero, Near Protocol, and Cronos.
The overall crypto market cap rose by less than one percent over the past 24 hours. As shown by CoinMarketCap, the valuation of the sector presently stands at $3.33 trillion (roughly Rs. 2,84,98,976 crore).
"The crypto market appears range bound. Altcoins are also showing limited movement as the market awaits Bitcoin's next big step to set the tone," Himanshu Maradiya, Founder and Chairman, CIFDAQ exchange told Gadgets 360.
Binance Coin, Tron, Stellar, Litecoin, Iota, and Polygon, meanwhile, managed to hold onto small gains on the price charts on Friday.
Analysts expect the market to be choppy for some more days and advise caution to investors. "The recent correction across crypto markets reflects a classic case of overextension following heightened optimism. Altcoins have borne the brunt of the pullback, with many experiencing sharp declines amid shifting sentiment post-ecosystem updates. As always, volatility remains a core characteristic of this asset class, and such corrections often create opportunities for disciplined investors," Avinash Shekhar, Co-Founder and CEO, Pi42 told Gadgets 360.
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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