Stock Market LIVE Updates, Sensex Today: Sensex Drops 700 Points As Oil Prices Remains Steady At $115

"Crypto markets extended their recovery as improving global equity sentiment, stronger US economic data and expectations of a Federal Reserve pause supported investor participation. Bitcoin moved above $80,000, while Ethereum strengthened beyond $2,350, even as inflation and institutional positioning remained mixed.

US consumer confidence improved and durable goods orders increased, reducing immediate recession concerns. Stable Treasury yields and lower oil prices also eased some pressure on financial conditions. However, elevated Australian inflation reinforced expectations of further regional tightening, while firm US demand may encourage the Federal Reserve to maintain cautious policy guidance despite holding rates. The combination supports crypto liquidity without signaling a broader shift toward easier monetary conditions.

Bitcoin traded near $80,771, continuing its recovery within a broader consolidation. Immediate support sits at $80,000-$80,400, followed by $77,700-$78,000, while resistance remains at $81,100-$81,700. Holding support could preserve momentum. Futures traders may seek stronger volume, rising open interest and balanced funding before treating a move through resistance as broadly supported.

Ethereum traded near $2,351, extending its rebound despite remaining below moving averages. Support sits at $2,330-$2,350, followed by $2,315-$2,320. Resistance remains around $2,375-$2,420, surrounding the $2,400 level. Holding support could sustain recovery interest, but testing resistance would not confirm momentum.

The wider market environment strengthened. KOSPI gained 5.18%, Nikkei rose 1.37% and US technology shares advanced, with Nasdaq adding 1.18%. The S&P 500 gained 0.60%, while VIX declined 4.73%. Gold rose around 0.9%, and oil fell nearly 1.5%, reducing some inflation pressure and supporting participation across higher-growth assets.

Institutional activity remained divided. US spot Bitcoin ETFs attracted $110.34 million, entirely through BlackRock's IBIT, while Ethereum ETFs recorded $88.58 million in outflows. Both assets nevertheless advanced, showing that ETF flows are only one market influence. Spot demand, short-covering, derivatives positioning, exchange supply and macro expectations can offset institutional activity, delaying an equivalent response in prices."