Comdex USD Price & Performance (CMDXUSD)

Bitcoin surged past $85,000 following the Federal Reserve's decision to hold interest rates steady. Investors moved to riskier assets, boosting Bitcoin by over 11% this year. However, technical indicators suggest a potential bearish breakout, with analysts eyeing $82,000 as a key support level in the coming days.1

The Reserve Bank of India announced open market operations worth ₹1 lakh crore and a $10 billion forex swap auction to address liquidity concerns. Tight liquidity conditions, attributed to tax outflows and reduced government spending, have prompted the RBI to inject over ₹4.5 trillion into the banking system since January.2

Ethereum surged 6% to surpass the $2,000 mark, driven by renewed investor interest. Analysts note the cryptocurrency's oversold status but caution against over-leveraged positions due to potential volatility. Ethereum's role as a backbone for altcoins adds to its significance, though its broader bullish trend remains uncertain.3