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Bitcoin Price Stabilises Around $110,000 Amidst Ongoing Trade Tensions

Bitcoin Price Stabilises Around $110,000 Amidst Ongoing Trade Tensions

Bitcoin price appears to be unaffected, even as US-China tensions and the ongoing US government shutdown keep traders cautious.

Written by Rahul Dhingra, Edited by David Delima | Updated: 23 October 2025 13:33 IST

Bitcoin Price Stabilises Around $110,000 Amidst Ongoing Trade Tensions

Photo Credit: Unsplash/Norman Wozny

Crypto markets stay cautious as Bitcoin and Ethereum trade steadily amidst global uncertainty

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Highlights

Crypto market trades sideways as investors await key macro indicators
Whale accumulation adds bullish tone to BTC outlook
Stablecoin volume triples Visa’s annual transaction value

Bitcoin's price stabilised around $110,000 (roughly Rs. 96.7 lakh) on Thursday, as trading volumes remained muted amidst ongoing US-China trade tensions and the US government shutdown, which is now in its fourth week. Traders are cautious and waiting for more definite signals as a result of the uncertainty created by the postponement of important US economic data. Ethereum mirrored the trend, hovering around $3,800 (roughly Rs. 3.3 lakh). According to the Gadgets 360 price tracker, Bitcoin is trading around Rs. 95.5 lakh, while Ethereum is priced at Rs. 3.3 lakh on major Indian exchanges.

Altcoins Trade in Tight Ranges as Market Consolidates

Most altcoins stayed within narrow ranges as the broader crypto market continued to consolidate. XRP hovered around $2.39 (roughly Rs. 210), while Binance Coin (BNB) traded near $1,100 (roughly Rs. 94,200). Dogecoin (DOGE) stood at $0.19 (roughly Rs. 16.80) and Solana (SOL) was priced at $184 (roughly Rs. 16,210).

Noting that Bitcoin's recent price action signals cautious optimism among investors, Mudrex CEO Edul Patel said, “Bitcoin is consolidating within a narrow range after briefly reclaiming $114,000 (roughly Rs. 1 crore), as investors are cautious. Despite this, the broader outlook remains bullish, supported by renewed whale accumulation of over 12,000 BTC in the past week. More importantly, the global M2 money supply is increasing, standing at $137 trillion (roughly Rs. 12,00,000 crore).”

Tether Now Has 500 Million Users, Stablecoin Supply Nears $182 Billion

According to the CoinSwitch Markets Desk, Bitcoin remains in a holding pattern as traders await macro clarity. “Uncertainty surrounding U-China trade discussions and the US government shutdown entering its fourth week, which has delayed key economic data releases, is keeping market activity measured [...] Meanwhile, Bitcoin's options open interest now exceeds futures by $40 billion (roughly Rs. 3,50,000 crore), one of the widest gaps on record, reflecting increased hedging activity and a mature market structure,” the desk said

The CoinDCX Research Team added that sentiment remains fragile despite strength in select large-cap tokens. “The top gainers for the day are Hyperliquid with over a 6 percent jump, Mantle with over 3 percent, and Monero by over 2.7 percent. Besides, Zcash plunges by more than 10 percent, followed by DoubleZero and SPX6900 by over 7.7 percent,” the team said.

Looking ahead, a decisive break above $110,000 (roughly Rs. 96.7 lakh) would likely restore momentum and open the way towards $113,800 (roughly Rs. 1 crore), while a drop below $106,500 (roughly Rs. 93.6 lakh) could extend corrective pressure.

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.

Cryptocurrency Prices across Indian exchanges

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Further reading: Crypto in India, cryptocurrencies, Bitcoin, Ethereum

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