Bitcoin prices surged past the $73,000 mark today, marking a new monthly high as crypto markets rallied in response to increased global liquidity and softening US dollar strength. The rally comes after recent U.S. data showed a slowdown in inflation, prompting expectations of a Fed rate cut. Risk-on sentiment returned, driving demand for alternative assets like cryptocurrencies. Ethereum also posted solid gains, crossing $4,200. Indian investors are increasingly joining the rally through platforms like CoinDCX, WazirX, and Binance. Institutional interest is also increasing globally, with firms like BlackRock and Fidelity continuing to explore ETF expansions. Crypto adoption is being bolstered by increasing use cases in DeFi, tokenization, and real-world asset integration. Analysts believe that Bitcoin could hit $80,000 if macro conditions continue to remain favorable and central banks maintain dovish stances. Meanwhile, in India, regulatory clarity is improving as the government hinted at finalizing its crypto taxation and classification policy in the upcoming budget session. This has sparked optimism in domestic markets. With rising volumes, increasing wallet downloads, and higher transaction values, the Indian crypto ecosystem is showing signs of maturity. As a result, Bitcoin and other major tokens are now seen not just as speculative bets but long-term portfolio diversifiers. Investors are advised to remain cautious of volatility but can consider allocating small percentages of portfolios toward large-cap cryptos.
