India's economic engine is revving up, but navigating the global headwinds requires sharp strategy. The rupee's recent volatility against the dollar underscores the complexities facing Indian businesses, impacting everything from import-export trade to domestic inflation. This week alone, we've seen significant shifts in the IT sector, with major players announcing restructuring and a renewed focus on AI-driven solutions. Meanwhile, the burgeoning startup ecosystem continues to attract substantial funding, despite a cautious global investor sentiment. The government's recent policy announcements on infrastructure development and digitalization are poised to further shape the business landscape, creating both opportunities and challenges for entrepreneurs and established corporations alike. Understanding these market dynamics is crucial for success in today's rapidly evolving Indian economy. Stay informed with Abtak.com for the latest insights and analysis on key sectors including finance, manufacturing, and technology – empowering your business decisions in a dynamic market. Explore the complete business news section now to stay ahead of the curve.
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Crypto analyst Kabuki has explained why the Bitcoin rainbow chart shows that the price range is above $60,000. The analyst noted that BTC is mirroring past cycles and suggested that a base may be forming soon for the leading crypto. In an X post, Kabuki said that Bitcoin is stuck between $65,000 and $68,000 for a reason and that this isn't random but simply BTC repeating history. He noted that in 2017, a base formed, which led to a parabolic expansion. The same happened in 2021, which again led to a parabolic expansion. Kabuki stated that the same structure is playing out again for Bitcoin this time around and that this range is an accumulation phase before the breakout. His accompanying chart showed that the leading crypto is likely to rally as high as $400,000 in the next bull cycle, with a top likely in 2029. Meanwhile, the chart also confirmed that a bottom may be forming soon, with the current range a good buy zone. However, Kabuki suggested that there is still the possibility of Bitcoin dropping to $42,000. In another X post, he said that BTC is perfectly following a descending channel pattern with the drop from its all-time high (ATH) around $125,000. The analyst predicted that the leading crypto could drop from $69,000 to $42,000 as this bearish pattern continues to play out. He added that lower highs plus more lower highs will lead to the last shakeout before the rally to $200,000. In an X post, crypto analyst Colin stated that Bitcoin is back inside the bear flag, providing optimism about a bullish reversal. However, he warned that the highest the market may see is a short-term BTC rally to $80,000 if the U.S.-Iran war actually ends. The analyst added that Bitcoin will have to prove itself by first breaking above the resistance levels immediately ahead. Colin reiterated that any short-term pump in Bitcoin will eventually be sold off and that the downtrend will resume in time. As such, he opined that any pump will be a chance to offload heavy positions rather than as a shot at new ATHs. The analyst also agreed with another analyst's view, noting that the broader trendline is looming despite Bitcoin's return within the channel. The analyst stated that there will be a true change in structure only if BTC breaks this trendline. He added that this could happen at lower levels, but that it is hard to say this was the bottom range. At the time of writing, the Bitcoin price is trading at around $68,700, down in the last 24 hours, according to data from CoinMarketCap.
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. According to chart work shared by market analyst Mikybull, XRP is sitting inside what he calls a tight bullish structure that could lead to a sharp rise. Reports have disclosed the setup on a three-week chart and suggested the corrective phase may be ending. The analyst flagged several price levels that traders are now watching closely. Mikybull pointed to an ABC correction pattern that looks close to finishing. He showed XRP hovering around $2.50 and sitting just above a long- ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. A cryptocurrency analyst has pointed out how Cardano has formed a technical analysis (TA) signal on its weekly chart that last led into a major price drawdown. In a new post on X, analyst Ali Martinez has talked about a signal that has appeared in the SuperTrend of Cardano. The "SuperTrend" refers to a TA indicator that's generally used for determining whether a given asset is following a bearish or bullish trend. It's built using the Average True Range (ATR), another TA indica ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. As political tensions between US President Donald Trump and Elon Musk escalated yesterday, the Bitcoin (BTC) market experienced a sharp shift in sentiment, with the funding rate on Binance flipping from positive to negative within hours. According to a CryptoQuant Quicktake post by contributor Darkfost, BTC funding rates on Binance have once again turned negative, even as the top cryptocurrency continues to trade above the $100,000 mark at the time of writing. The analyst attr ...Read More >
Jaipur: Police in Didwana have stepped up their probe into a cross-border smuggling case in which they arrested two arms and drug smugglers on June 27 for supplying Austrian Glock and Chinese Norinco pistols. It has emerged that the case has links to a massive Rs 300-crore heroin consignment seized by Punjab's Amritsar police near the India-Pakistan border in Barmer on June 30. Canada-based Joben Kaler was identified as the main overseas handler of the heroin consignment. Didwana-Kuchaman police had arrested Mohammad Ilyas from Khunkhuna and Amarjeet Singh Takhar, alias Prince, from Jalandhar ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Bitcoin started the month of July with a convincing rally to the upside, suggesting a sustained bullish sentiment amongst investors from its performance by the end of June. The upward rally, however, cooled off following the release of positive employment data by the United States. Traders might have expected this data to be typically bullish, but that has hardly been the reality for the Bitcoin price. Nevertheless, a certain investor cohort, as shown by on-chain revelation, ha ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Ethereum price started a fresh increase above the $2,520 zone. ETH is now correcting some gains and might aim for a fresh move above $2,580. Ethereum price started a fresh increase above the $2,550 zone, like Bitcoin. ETH price gained pace for a move above the $2,565 resistance zone and entered a positive zone. The bulls were able to push the price above the 61.8% Fib retracement level of the downward move from the $2,636 swing high to the $2,475 low. However, the bears remain ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. After reaching a record high of $123,200, Bitcoin is now consolidating around the $118,000 level. Market participants remain on alert as top analyst Darkfost reported a major development involving one of the oldest and most closely watched wallets in crypto history. According to the analyst, the remaining 40,000 BTC -- valued at approximately $4.75 billion -- still held by the 80K Satoshi-era whale have all moved. The shift began last night, signaling renewed activity from the ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. After hitting a one-month low, Solana (SOL) has bounced from a critical support zone and is attempting to reclaim a crucial psychological barrier before potentially resuming its bullish rally. However, some analysts suggested that the cryptocurrency could retest new lows if the market volatility persists. On Thursday, Solana lost the $200 level as support after closing the day below this level for the first time in nearly a month. The cryptocurrency has been trading inside the ...Read More >
Silchar: Assam chief minister Himanta Biswa Sarma on Friday visited the flood-ravaged districts of Hailakandi and Sribhumi in the Barak Valley. He assured affected residents of providing timely disbursement of rehabilitation grants and swift repair of damaged infrastructure.This marks Sarma's second visit to the flood-hit region within four days, underscoring the gravity of the situation. Speaking to the media in Sribhumi after inspecting multiple relief camps, the CM said, "Flood-related problems may persist till July. I will return before Durga Puja to ensure that roads and infrastructure ar ...Read More >
New Delhi: Was it the pitch? Was it the conditions? Was it the bowling? The questions doing the rounds after yet another strange show in good batting conditions by India were many. But with the exception of Shubman Gill, who became just the second Indian captain, after Mohammad Azharuddin, to score hundreds in consecutive matches in England, and Yashasvi Jaiswal, few India batters managed to answer them in a satisfactory manner. After being put into bat by England, India looked like they were in control at various points during the day but then somehow contrived to gift away wickets and end t ...Read More >
Bengaluru: A physics lecturer from a private college in Dakshina Kannada and two of his friends have been arrested by Bengaluru police for allegedly blackmailing and raping a student.When the mental torture by the trio became intolerable, the girl narrated to her parents how she was being exploited. Subsequently, she went to Marathahalli police station along with her parents on July 5 and lodged a complaint seeking action against the perpetrators. Acting swiftly, the cops arrested the trio the following day. The accused are Narendra, a physics lecturer, Sandeep, a biology lecturer -- both work ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. After finishing up its crash over the weekend, the Bitcoin price seems to be stabilizing as market sentiment starts to move positively once again. However, this has not done much to eliminate the bearish expectations that have erupted following the October 10 liquidation event. As opposed to the expectations that the Bitcoin price will see a recovery bounce that sends it to new all-time highs, crypto pundit MMBTrader has revealed what they call the 'Whale Buy Zone' to snap up so ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. After days of fluctuating around the $105,000 range, Bitcoin appears to be succumbing to pressure from bears and profit-taking from traders. The most recent 24 hours were marked by Bitcoin losing its hold on the $105,000 price level, crashing until it rebounded at a lower support range around $101,000. However, technical analysis of Bitcoin's daily candlestick timeframe chart shows that this price level is increasingly under threat, and a formation is currently in place that co ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. As Solana's (SOL) price attempts to hold a crucial support area, an analyst has warned investors that the highly anticipated "Solana season" might not happen as the altcoin risks a massive price crash. On Friday, Solana followed the rest of the market and fell below the $180 support to retest the recent lows. The cryptocurrency started this week by recovering from last week's correction to its two-month low of $168, briefly attempting to reclaim the $210 resistance on Tuesday. ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. On-chain data shows the Bitcoin network has seen a spike in profit transactions, something that has often led into local price tops in the past. In a new post on X, on-chain analytics firm Santiment has talked about the latest trend in the ratio of profit and loss transactions taking place on the Bitcoin network. A transfer is categorized as a 'profit' one when the tokens involved in it had a last transaction price lower than the latest one. Similarly, transfers with coins of t ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Solana (SOL) is showing resilience amid broader market weakness, as volatility shakes crypto assets across the board. After a sharp retrace alongside Bitcoin and Ethereum, Solana is stabilizing above key demand levels, sparking cautious optimism among investors. Many are eyeing this zone as a potential launchpad for the next leg up, especially as the market seeks to recover and regain bullish momentum. Despite recent uncertainty, sentiment around Solana remains constructive. An ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Bitcoin (BTC) is showing signs of repeating a historic Golden Cross pattern that led to a long-term parabolic run. While the cryptocurrency's recent pullback near the $100,000 region may have alarmed the crypto market, analysts suggest that this move is part of a broader trend that could push BTC to its next price high. Bitcoin has once again flashed a classic bullish signal, the Golden Cross, prompting renewed optimism for a major price rally in the coming months. According to ...Read More >
Mumbai, Jun 7 (PTI) A delegation of Indian Olympic Association, Central and Gujarat state government met Commonwealth Sport officials in London to have a better understanding of the process and the framework relating to securing hosting rights of the 2030 Commonwealth Games in Ahmedabad. The delegation included IOA chief PT Usha and officials from the Union Sports Ministry as well as the Gujarat state government. They met the Commonwealth Sport officials over two days in London. While the proposals for the final bid are expected to be submitted by August 31, the selection of the host city fo ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Bitcoin is at a pivotal point, and the weekly close could define its next move. To confirm bullish continuation and strengthen market confidence, BTC needs to secure a solid weekly close above $107,720. Bitcoin is approaching a make-or-break moment, but if BTC can secure a strong weekly close above $107,720, it could trigger a move toward the $130,000 to $135,000 range in Q3. This key level is acting as a resistance zone, and breaking it could unlock a new wave of bullish momen ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Cardano has slipped about 1.54% in the past day, but signs are pointing toward a turn in its fortunes. Traders have spotted a rare weekly golden cross on the ADA/USD chart. That happens when a shorter moving average crosses above a longer one. It can signal that buyers are gaining the upper hand after months of sideways action. According to analyst Mr. Brownstone, Cardano just logged its first‑ever weekly golden cross, with the 50‑week moving average climbing above the 200‑week ...Read More >
Mumbai: Following allegations that the minister of state (MoS) for home, Yogesh Kadam, was running a dance bar with a licence in his mother's name, the Kadam family reportedly surrendered the orchestra licence of Savali bar in Kandivli on Friday. Shiv Sena (UBT) MLC Anil Parab criticised the licence surrender, stating it proves his allegations were right and that a dance bar was being operated by the Kadam family. Parab demanded Yogesh Kadam's resignation, arguing that just because a thief returns stolen goods, he cannot be let off. Parab alleged that the surrender of the licence indicates tha ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. As the week draws to a close, Bitcoin continues to show signs of resilience following its dramatic flash crash to the $101,000 price level last weekend. After days of intense volatility and heavy liquidations across the market, the world's largest cryptocurrency has managed to stabilize above this level, even reaching as high as $113,400 during the week. In this context, crypto analyst Tyrex shared a bullish outlook on X, stating that the worst of the downturn is behind and tha ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. A prominent crypto analyst is pointing to similarities between Cardano's current market position and Bitcoin's early years. Some see a struggling altcoin still far from its glory days, while others believe the current setup looks like the early stages of major breakouts seen in previous cycles. A crypto analyst known as Crypto Patel on the social media platform X is leaning heavily toward the latter, and according to him, a $10+ ADA price is only a matter of time. Crypto analy ...Read More >
New Delhi: A 57-year-old retired telecom employee from Kishan Ganj, north Delhi, lost Rs 14 lakh in a "digital arrest" scam after cyber fraudsters, posing as Mumbai Police, threatened him with arrest over alleged bank fraud. Two suspects, Banshi Lal and Prem Kumar, both 20-year-old graduates from Barmer, Rajasthan, have been arrested.According to police, the case came to light when the victim filed a complaint via the National Cybercrime Reporting Portal (NCRP), stating he received a video call from scammers who claimed his bank account was linked to illegal activities and that Mumbai Police w ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Bitcoin has broken down from the two-week consolidation range that held the market between $115,724 and $122,077, reaching a new local low near $114,000. The drop confirms a shift in short-term momentum, putting bulls on the defensive. The $117,000 level -- previously a key support zone -- now serves as the immediate resistance that must be reclaimed to signal a possible reversal. The breakdown comes at a critical time, as sentiment across the market begins to shift. According ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Sharing his latest outlook, CRYPTOWZRD revealed that Chainlink closed indecisively, suggesting the market is still weighing its next move. According to the expert, a healthy bullish breakout above the $16 resistance is needed to trigger a rally. He added that he will continue to follow the intraday chart development tomorrow to spot the next scalp opportunity. In the post, CRYPTOWZRD highlighted that the daily candles for both Chainlink and LINKBTC closed indecisively today, su ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Bitcoin has reclaimed the $115,000 level, restoring momentum after weeks of uncertainty and signaling that bulls are regaining strength. The move comes as traders push back against selling pressure, with renewed optimism spreading across the market. For many, the rebound highlights Bitcoin's resilience and its ability to bounce after testing key support levels. Yet, not everyone feels convinced. Several analysts warn that despite the recent upside, Bitcoin may still face the ri ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Bitcoin's recent price action suggests a healthy pullback may be underway, setting the stage for renewed upside momentum. While short-term correction toward key support levels appears likely, the broader technical outlook still points to strength and potential continuation toward higher targets once consolidation completes. BeLaunch, in a recent BTC daily update shared on X, noted that Bitcoin's price movement continues to unfold exactly as anticipated. The market appears to ha ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Long‑term holders of Bitcoin may need to see a fresh high around $140,000 before they enjoy the same kind of profits they saw earlier this cycle. According to CryptoQuant, that price point lines up with past peaks in realized gains for those who have kept their coins untouched for at least six months. CryptoQuant used the Market Value to Realized Value (MVRV) ratio to track how deep in profit holders are right now. Based on reports, the average realized profit for long‑term ho ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Solana (SOL) has recorded a significant rally over the past week, reclaiming the $160 area and attempting to hold its last major resistance. Some analysts suggest that if bullish momentum continues, the altcoin will run to new highs once this level is recovered. As the crypto market capitalization nears the $4 trillion mark and Bitcoin (BTC) makes new all-time highs (ATHs), Solana, one of the leading altcoins of this cycle, is retesting crucial levels after climbing nearly 10% ...Read More >