Bitcoin holds near $64,000 as investors watch US data
Bitcoin is holding its ground at about $64,000 (₹60.50 lakh) this Monday, even as global tensions and worries about US economic data keep investors cautious. Over the past week, it's dipped by 2.29%.
Ethereum (ETH) is trading near $1,700 globally, while in India it is around ₹1.64 lakh, showing that not all coins are moving in sync.
Oil and U.S.-Iran talks worry traders
Experts say rising oil prices and ongoing U.S.-Iran talks have made traders nervous ahead of key US reports on inflation and jobs.
Altcoins like Binance Coin ($591.86/₹55,924), Solana ($73.80/₹6,974), and Dogecoin ($0.083/₹7.90) are also seeing ups and downs.
Akshat Siddhant, Lead Quant Analyst at Mudrex, highlights that Bitcoin is holding near $64,000 right now: peace talks in the Middle East have helped a bit, but everyone's still watching for what comes next in global markets.