Bitcoin near ₹60.9L as US ETF inflows offset profit-taking
Business
bitcoin is hanging around ₹60.9 lakh this Thursday, as big money from US spot bitcoin ETFs is balancing out some long-term holders cashing in their profits.
Ethereum's at about $1,900 (₹1.8 lakh), and the market feels a bit paused while everyone waits to see what happens with the global economy.
ETF inflows ₹3,634cr offset long-term selling
Over 11,500 BTC were sold by long-term holders in early August, classic profit-taking, but fresh ETF investments of $381.6 million (₹3,634 crore) have helped keep prices steady.
Altcoins like Binance Coin, Solana, and Dogecoin are showing mixed moves.
Analysts say bitcoin's next big swing depends on things like Fed policy changes and global economic shifts, so for now, it's a wait-and-watch vibe.