Bitcoin stayed close to $66,000 (roughly Rs. 62.5 lakh) on Tuesday, with the digital asset sector sustaining its ongoing rebound thanks to better investor confidence and ongoing purchases by big holders. The leading cryptocurrency rose 0.59 percent over the prior day, according to the latest CoinMarketCap figures. Ethereum (ETH) hovered around $1,763 (roughly Rs. 1.67 lakh), showing gains across the wider market. In India, Bitcoin stood near Rs. 62.5 lakh and Ethereum near Rs. 1.67 lakh based on the current Gadgets 360 tracker.

Experts pointed out that steady large-holder buying, tight sell-side supply, and anticipation around the US Federal Reserve gathering have lifted overall mood even with mixed ETF movements.

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Positive vibes extended to altcoins, with several leading tokens posting gains. Binance Coin (BNB) sat near $613.78 (roughly Rs. 58,090), Solana (SOL) around $73.69 (roughly Rs. 6,975), XRP near $1.22 (roughly Rs. 115), and Dogecoin (DOGE) about $0.087 (roughly Rs. 8.2), reflecting wider risk appetite among major digital assets.

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Commenting on current conditions, Akshat Siddhant, Lead Quant Analyst at Mudrex, noted, “Large investors keep demonstrating confidence as whale wallets pulled over 11,000 BTC off exchanges, cutting available supply for sale. Institutional interest stays firm, highlighted by Strategy’s addition of 1,587 BTC in the past week.”

Offering a wider view, Vikram Subburaj, CEO of Giottus.com, observed, “The upswing occurred even as institutions stayed cautious. US spot Bitcoin ETFs saw a net outflow of $131.2 million (roughly Rs. 1,242 crore) on June 15, continuing uneven flows this month. On-chain metrics stay encouraging [...] Skip chasing breakouts ahead of the Fed decision. Use staggered entries and monitor for a firm push past $68,000 (roughly Rs. 64.4 lakh) with stronger ETF inflows before adding more exposure.”

From a technical standpoint on Ethereum, Harish Vatnani, Head of Trade at ZebPay, explained, “After finding support near $1,550 (roughly Rs. 1.47 lakh), Ethereum has traced a measured climb along a short-term rising trendline. The rebound has been gradual rather than sharp, pointing to steady buying rather than heavy accumulation. The price has also moved back above the $1,700 (roughly Rs. 1.61 lakh) zone, offering an early sign of stability after the steep drop.”

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Overall, analysts noted the crypto sector displays fresh signs of strength as whale buying, lower exchange reserves, and improved sentiment aid prices. Still, the Federal Reserve meeting outcome and path of institutional flows stay important factors.

Cryptocurrency is an unregulated digital currency, not a legal tender and subject to market risks. The information provided in the article is not intended to be and does not constitute financial advice, trading advice or any other advice or recommendation of any sort offered or endorsed by NDTV. NDTV shall not be responsible for any loss arising from any investment based on any perceived recommendation, forecast or any other information contained in the article.