Stock Market LIVE Updates, Sensex Today: Markets Likely To Open In Green, Tech Stocks In Focus

Bitcoin fell to around $80,000 on Thursday as renewed geopolitical tensions involving Iran, institutional outflows and concerns about AI-enabled security threats affected sentiment across the crypto market. Bitcoin traded near $80,449 in the latest update, while Ethereum was priced at approximately $2,478. Solana stood at $110.66, XRP at $1.38 and Dogecoin at $0.08322.

The broader crypto market capitalisation stood at $2.77 trillion, with 24-hour trading volume of $120.75 billion. Bitcoin dominance remained high at 59.4%, compared with Ethereum's 10.9%. This indicates that investors continue to favour relatively established assets while uncertainty remains elevated.

The Fear and Greed Index was at 55, reflecting neutral sentiment despite the decline. However, derivatives data highlighted the intensity of the move. According to Coinglass, 164,899 traders were liquidated over 24 hours, with total liquidations reaching $1.02 billion. Perpetual open interest stood at $418.18 billion, while futures open interest was $1.19 billion.

Institutional flows also added pressure. Spot Bitcoin ETFs recorded net outflows of $487.07 million on Wednesday, while spot Ethereum ETFs saw outflows of $160.8 million. The cautious environment extended to traditional markets, with the Nasdaq declining 1.25% and the S&P 500 falling 0.47%. Gold gained 0.95%, suggesting that some investors were moving towards defensive assets.

Bitcoin: Support and Resistance

Bitcoin is currently testing the important psychological support level of $80,000. If this zone holds, the market could attempt to stabilise and move back towards $82,800. A sustained recovery above $82,800 would be necessary to improve short-term momentum, with the next resistance range appearing around 84,000-85,000.

If Bitcoin fails to defend $80,000, attention could shift towards $77,000, which broadly corresponds with the 50-week moving average. Scott Melker has described the move below $82,800 as a potentially healthy retest rather than an immediate invalidation of Bitcoin's improving market structure. He also believes that even a move towards $77,000 would not necessarily be alarming from a longer-term technical perspective.

Bitcoin's recent higher high and recovery above major moving averages suggest that the broader bearish trend may be losing strength. However, one price movement does not establish a reversal. The market will need to hold key support levels and demonstrate sustained buying interest before a stronger recovery can be confirmed.

Ethereum: Key Levels

Ethereum is showing greater short-term weakness than Bitcoin and is testing support around 2,450-2,400. If this range does not hold, the next meaningful support could emerge between $2,300 and $2,350.

On the upside, Ethereum must first reclaim $2,500. A sustained move above this level could open the way towards the 2,600-2,650 range. Ethereum's implied volatility stood at 52.63, compared with 39.12 for Bitcoin, indicating that the market expects ETH to experience relatively larger price swings.

This higher volatility, combined with ETF outflows and leveraged liquidations, means Ethereum could remain more sensitive to changes in market sentiment over the near term.

What to Watch

The immediate focus will remain on whether Bitcoin can defend $80,000 and whether Ethereum can hold the 2,400-2,450 region. ETF flows will be equally important, as continued withdrawals could limit the strength of any recovery, while a return to consistent inflows would indicate improving institutional demand. Investors should also monitor geopolitical developments involving Iran, broader movements in technology stocks and the level of leverage across crypto derivatives, as these factors could produce further volatility."