Stock Market LIVE Updates, Sensex Today: Sensex Opens 250 Points Higher As Oil Slips Below $90

"Crypto markets showed modest growth over the past 24 hours, with total market capitalization falling 1.27% to $2.65 trillion and the CMC20 declining 1.58%. Bitcoin, Ethereum and major altcoins traded lower. Liquidations reached $641.79 million, including $489 million in longs, confirming downside pressure. Yet sentiment remains optimistic with the Fear and Greed Index standing at 80. Positive ETF flows of $10.13 million show continued institutional interest.

BTC trades near $78,761, placing immediate support around $78,000 and then $77,000, while resistance sits near $79,500 and the psychological $80,000 mark. ETH at $2,455 has support at $2,400 and $2,350, with resistance around $2,500 and $2,550. 

US equities closed firmer yesterday, led by Nasdaq, signalling improved risk appetite. Lower oil prices may also ease inflation concerns. This backdrop is mildly supportive for crypto, particularly Bitcoin and large-cap altcoins, though gold's resilience suggests investors still prefer the asset over risk on ones like crypto, amid ongoing uncertainty globally.

Crypto derivatives activity cooled, but combined open interest across the top six tokens remains near $46.1 billion. Bitcoin and Ethereum open interest fell by about 3%, while sharper declines in XRP, Solana and Zcash indicate leverage reduction. 

Futures traders could watch BTC support at $78,000 first, followed by $77,000, as per analysts. BTC resistance stands at $79,500 and $80,000. For ETH, immediate support is $2,400, with stronger downside support at $2,350; resistance lies at $2,500 and $2,550. A sustained BTC move below $77,000 & ETH below $2,350 could deepen long liquidations, while confirmed breaks for BTC above $80,000 and ETH above $2,550 could prompt short covering. 

Today's US GDP revision and PCE inflation release, followed by Friday's Federal Reserve Chair speech at Jackson Hole, could move the dollar and yields, potentially amplifying crypto volatility."