Crypto Market Update 2026: Bitcoin Plunges 1.09% to ₹59.08L Amid Extreme Fear
· By DTC India Team
Crypto · Bitcoin · Ethereum · INR
India's crypto market on 6 July 2026 witnesses a mixed bag of performance with Bitcoin price slipping below the ₹60 lakh mark at ₹59,08,927, registering a decline of 1.09 percent. Other major cryptocurrencies also followed suit with Ethereum dropping 1.02 percent to ₹1,66,823 and Tether seeing a marginal gain of 0.18 percent at ₹95.3. The overall sentiment remains bearish with the Fear & Greed Index at 24, indicating extreme fear among investors.
Key Takeaways
- Key takeaway: Bitcoin price dips below ₹59 lakh, down 1.09% in India.
- Key takeaway: Ethereum price also falls, down 1.02% at ₹1,66,823 in India.
- Key takeaway: Tether price stable at ₹95.3, a rare positive in market downturn.
Frequently Asked Questions
What is the current status of cryptocurrencies in India?
The Indian government has imposed a 30% tax on profits made from cryptocurrency transactions and a 1% TDS on transactions exceeding ₹10,000.
How can I stay updated on the latest cryptocurrency prices in India?
You can check the latest prices on websites like CoinSwitch, WazirX, or ZebPay, or follow reputable news sources such as the Economic Times or Bloomberg.
What is the current sentiment in the cryptocurrency market?
The Fear & Greed Index shows extreme fear, indicating a potential buying opportunity, but it's essential to do thorough research before making any investment decisions.
Fear & Greed Index: 24 — Extreme Fear
Top Coins Today (INR)
Market Analysis
The crypto market is experiencing a downward trend on 6th July 2026, with top coins like Bitcoin and Ethereum experiencing losses. Bitcoin's price has dropped to ₹59,08,927, a decline of 1.09%, while Ethereum has fallen to ₹1,66,823, a decrease of 1.02%. On the other hand, Tether has shown a marginal increase of 0.18% to ₹95.3. The crypto sentiment is currently at an extreme fear level, suggesting that investors are hesitant to make new investments. The Indian government's 30% crypto tax plus 1% TDS is likely to have impacted investor sentiment, leading to the current market volatility. It's essential for traders to remain cautious and focus on risk management strategies to mitigate potential losses. To manage risk, consider setting stop-loss orders, diversifying your portfolio, and staying up-to-date with market news and trends.
Explore live prices and per-coin charts on our crypto page.
For information/education only. Not investment advice. Markets are risky — always manage your risk.