Ashhar Alam

Bitcoin traded largely sideways on Tuesday, with the cryptocurrency market showing caution amid macroeconomic uncertainty. Investors appear focused on upcoming US inflation data, rather than crypto-specific developments, as a potential trigger for short-term price movements. Analysts noted Bitcoin hovering around $91,000 (approximately ₹82.15 lakh), following last week’s volatility.

Institutional interest showed tentative signs of stabilising, with US spot Bitcoin ETFs recording modest inflows, though not strong enough to drive a breakout. Ethereum (ETH) remained above $3,000, trading near $3,125 (roughly ₹2.82 lakh), reflecting steady but cautious sentiment across major digital assets.

Macro signals key to market direction

Traders are keeping a close watch on US headline CPI, expected near 2.7% year-on-year, which could influence interest-rate expectations. Experts said a softer-than-expected reading may boost risk appetite and support Bitcoin, while a higher number could prompt short-term fluctuations around the $90,000 mark (roughly ₹81.24 lakh).

Altcoins showed mixed movements. XRP traded near $2.05 (₹185), Solana (SOL) hovered around $140.47 (₹12,680), Binance Coin (BNB) was near $909.36 (₹82,100), and Dogecoin (DOGE) stayed close to $0.14 (₹12.5).

Vikram Subburaj, CEO of Giottus, explained that macro uncertainty is encouraging consolidation. “Bitcoin is holding around $91,000 after last week’s swings. On-chain activity shows lower retail participation but steady capital flows from larger investors, which signals consolidation rather than panic selling,” he said.

Nischal Shetty, Founder of WazirX, noted that liquidity remains thin, keeping sentiment risk-averse. “Despite XRP’s recent funding round and positive cues from Asian equity markets, altcoins have yet to gain momentum,” he said.

Akshat Siddhant, Lead Quant Analyst at Mudrex, highlighted the importance of upcoming US inflation figures. “A softer reading could support Bitcoin and Ethereum, while a stronger print may trigger temporary volatility around $90,000,” he explained.

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Analysts overall said the crypto market is consolidating, with Bitcoin’s ability to hold key support levels and Ethereum remaining above $3,000 critical for near-term trends.

Disclaimer: Cryptocurrency is an unregulated digital asset, not legal tender, and carries market risks. This article is for informational purposes only and is not financial or trading advice. AWAZTHEVOICE is not responsible for any investment losses based on this content.