New Delhi, April 3 Bitcoin and Ether trimmed recent losses and stabilized this week as improving sentiment surrounding a potential de-escalation in the Iran conflict boosted risk appetite, although trading remained subdued.
Bitcoin remained within a narrow range of USD 66,000-USD 67,000 with declining volumes, signaling investor hesitation, while altcoins underperformed amid the continued dominance of the leading cryptocurrency, according to WazirX, India's largest and most trusted cryptocurrency exchange.
Precious metals saw sharp corrections after earlier gains, indicating profit-taking despite lingering geopolitical uncertainty, as broader markets showed signs of cautious recalibration.
In the United States, the proposed crypto regulatory framework, known as the Clarity Act, is being seen as a step towards reducing uncertainty and supporting innovation in the sector.
Macro signals remained mixed, with India's strong GDP outlook contrasting with deflationary wholesale prices, while global investors awaited key inflation data. Sentiment was further supported by expectations of foreign inflows and progress on US-India trade ties, although volatility continued to be driven more by uncertainty than clear directional trends.
Market participants are advised to remain cautious, as stabilization in crypto prices has yet to translate into strong conviction, with macroeconomic and regulatory factors likely to guide near-term direction.