Avinash Shekhar, Co-Founder & CEO, Pi42

"The latest correction across the crypto market reflects how quickly global geopolitical developments can influence investor sentiment across asset classes. Bitcoin's pullback towards the mid $64,000 range, alongside weakness in Ethereum and other leading digital assets, comes amid heightened uncertainty following the escalation in the Iran conflict and a broader shift away from high-growth assets. At the same time, the sharp liquidation of leveraged positions suggests that the market is flushing out excessive short-term speculation, which is a healthy process before the next phase of price discovery.

Long-term investors should avoid reacting emotionally to short-term volatility and instead focus on portfolio discipline and gradual accumulation through staggered investments. Crypto remains a long-term innovation story driven by institutional participation, blockchain adoption and improving market infrastructure. Periods like these often remind investors that patience, diversification and a measured investment approach tend to deliver better outcomes than attempting to time every market move."

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Vikram Subburaj, CEO, Giottus.com

Bitcoin traded near $65,100 on Friday, falling about 1% over the past 24 hours. The decline came as surging oil prices, higher Treasury yields, and renewed expectations of further Federal Reserve tightening reduced demand for risk assets.Immediate support is located around $64,600-$65,000, followed by the stronger on-chain demand shelf near $63,000. Resistance is visible at $65,800-$66,000, followed by $67,000 and the short-term-holder cost basis near $69,000.

On-chain conditions remain constructive but incomplete. The $69,000 level is the average breakeven price for recent buyers, while the $63,000 area remains the strongest nearby demand zone.Exchange inflows continue to fade, reducing immediate sell-side pressure. However, accumulation remains concentrated among wallets holding 1,000-10,000 BTC, and spot participation has not broadened sufficiently to confirm a durable breakout.

Institutional demand has improved materially. US spot Bitcoin ETFs recorded approximately $999.3 million in inflows across seven consecutive positive sessions from July 14 to July 22. These inflows more than offset the $424.7 million outflow recorded on July 13. July 23 showed a preliminary $22.6 million outflow, although BlackRock's IBIT figure remained unavailable.

Large-cap altcoins were broadly weaker. Ethereum declined 2.7% to $1,875, BNB fell 0.6% to $567, XRP dropped 2.5% to $1.11, and Solana lost 2.9% to $75.64. TRON was comparatively resilient, remaining almost unchanged at $0.329. The larger declines in Ethereum and Solana indicate that higher-beta assets are bearing more of the current risk reduction.

The July 28-29 Federal Reserve meeting is the main macro catalyst. Markets now assign roughly a one-in-three probability of an immediate rate increase. Brent crude near $100.85 and the US 10-year Treasury yield around 4.70% have revived inflation concerns and could keep liquidity conditions restrictive.

Edul Patel, Founder and CEO of Mudrex

The Parliamentary Standing Committee has correctly identified the current exclusion of Virtual Digital Assets (VDAs) from India's securities framework as a regulatory grey area rather than a settled policy position. The committee's observations echoed the industry's long-standing concern that the lack of consumer protections and market conduct norms leaves investors with limited remedies to fraud, market manipulation and various other risks while stunting market development. 

Among major global economies, India remains an outlier with no interim crypto policy in place. Japan has brought crypto assets under its securities law, on par with stocks and bonds. The US applies the Howey test to bring security-like tokens under existing law. Singapore's Securities and Futures Act does the same for qualifying crypto assets. The UK has introduced dedicated Cryptoassets Regulations this year, and the EU's MiCA operates as a framework for crypto assets not already covered by existing regulations.

While we await a comprehensive policy framework, the Committee's recommendation for an interim, Self-Regulatory Organisation (SRO)-led mechanism under a designated regulator's oversight is a practical and proportionate first step. India's crypto industry is well-placed to adopt a framework built around governance standards, disclosure, investor protection and grievance redressal while the broader legislative conversation continues.

Akshat Siddhant, Lead quant analyst, Mudrex

Bitcoin has retreated to around $64,800, as escalating geopolitical tensions have dampened risk appetite. Fresh attacks in the Middle East have pushed crude oil above $90 a barrel, while driving US bond yields to their highest levels in 18 months, weighing on risk assets. Additional uncertainty followed reports that President Trump is considering a significantly larger military response against Iran. Despite the weakness in price, US spot Bitcoin ETFs extended their inflow streak to seven consecutive sessions, attracting nearly $1 billion in total. Bitcoin now faces resistance at $66,000, while $64,350 remains the key support level.

Riya Sehgal, Research Analyst, Delta Exchange

Gold and silver declined despite escalating geopolitical tensions as surging US Treasury yields and a stronger dollar outweighed immediate safe-haven demand. US jobless claims fell to 187,000, while Brent crude moved above $100 per barrel, reinforcing inflation concerns and prompting markets to price a greater probability of further Federal Reserve tightening. On the four-hour chart, tokenized gold remains technically weak below $4,060-$4,070, with $4,000 representing critical support.

Crypto markets are also facing pressure from tighter financial conditions. Bitcoin remains relatively stronger than Ethereum and major altcoins, with its four-hour structure constructive above $65,000. A sustained move above $66,100 could open the $66,600-$66,900 supply zone, while a break below $65,000 may expose $64,750-$64,200. Ethereum is testing support around $1,845-$1,855, failure to hold could extend the correction toward $1,813-$1,830.

US equities closed sharply lower, with the Nasdaq declining 2.15%. Alphabet's increased capital-spending plans and Tesla's first negative quarterly free cash flow in over two years weighed on sentiment.

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Gaurav Udani, Founder - ThinCredBlu Securities

"Nifty is expected to open lower around 23,700, down nearly 170 points, indicating a weak start as rising US Treasury bond yields continue to weigh on global equity markets.

Higher US bond yields have increased risk aversion among investors, leading to selling pressure across emerging markets, including India.

Technically, 23,450-23,550 remains the immediate support zone. Holding this range will be crucial to prevent further downside. A break below support could accelerate selling pressure and drag the index lower.

On the upside, 23,900-24,000 will act as the immediate resistance zone, where any recovery is likely to face selling pressure.

The overall market sentiment remains cautious, and traders should remain disciplined with strict risk management. Until global cues improve and Nifty reclaims key resistance levels, a cautious, level-based approach is advisable."

BTC slipped below $65K before gaining it back as escalating US-Iran tensions weighed on crypto and equity markets, while Brent crude moved above $100 and US bond yields reached 18-month highs. Higher energy prices have revived inflation concerns and may keep interest rates elevated, creating a challenging near-term backdrop for BTC. The July recovery could lose momentum if BTC fails to reclaim $65K, with the 21-day moving average near $64K acting as key support and $68K as the next major resistance. Investors may prefer disciplined positioning, limited leverage and gradual accumulation near support rather than chasing short-term rebounds.

Nischal Shetty, founder, WazirX

"Crypto markets traded slightly lower, with Bitcoin down 0.13% to around $64,979 and Ethereum declining 0.62% to $1,866. Bitcoin remained under pressure as geopolitical tensions in the Middle East dampened investor sentiment, prompting a shift toward safer assets. Ethereum also weakened, with traders closely monitoring institutional positioning and broader market uncertainty.

In regulatory developments, Argentina is advancing a proposal to let mutual investment funds invest in Bitcoin and other cryptocurrencies while recognizing virtual assets as collateral, signaling broader crypto adoption. Meanwhile, institutional participation in decentralized finance continues to grow after a wallet linked to Fasanara Capital opened a $67 million ETH short on Hyperliquid. The position is widely viewed as part of a hedging or market-neutral strategy, highlighting the growing institutional use of on-chain derivatives.

Bitcoin's daily technical indicators remain neutral, with immediate support around $64,200-$64,500, while Futures traders are watching whether BTC can sustain a move back toward $66,000. For Ethereum traders, $1,840-$1,860 remains the key support zone, while $1,900 is the next major resistance."

At the close on Thursday, the total market cap of all BSE Sensex companies stood at Rs 4,76,73,201.