Bitcoin Slips Below ₹75 Lakh Amid Global Selling Pressure
The Bitcoin price in India has fallen below ₹75 lakh due to increased selling pressure globally.
Rising oil prices, higher US yields, and growing inflation concerns are causing investors to turn away from risk assets like Bitcoin.
However, the weakening rupee is cushioning some of this decline for Indian investors, making the value of BTC in rupees relatively higher compared to its price in dollars.
Other cryptocurrencies such as XRP, Solana, and Dogecoin are also experiencing a downtrend due to their sensitivity to global factors.