Bitcoin death cross pushes price below ₹25 lakh, other top coins

Bitcoin fell 1.16% to ₹24,73,216, slipping beneath the ₹25 lakh psychological mark and dragging the broader market lower [1]. The drop coincided with a “death cross” on the 50‑day moving average crossing under the 200‑day line, a pattern analysts link to heightened sell pressure [1]. The move adds to a week‑long correction that has seen some assets lose up to 33% from recent highs.

Market breadth and token specifics

Ethereum, the second‑largest cryptocurrency, slid 3.19% to ₹1,52,099, posting a daily low of ₹1,47,885 [1]. Stablecoin Tether was largely unchanged, down just 0.07% at ₹78.5346, while meme coins suffered steeper losses: Dogecoin dropped roughly 22% to ₹15.699280 after hitting a low of ₹13.285243, and Shiba Inu fell over 10% to ₹0.000513 [1]. Collectively, the global crypto market on the CoinSwitch Kuber exchange was down more than 10% as of 12:10 pm [1].

Technical trigger and regulatory backdrop

The “death cross” refers to a short‑term moving average crossing beneath a long‑term average, most commonly the 50‑day moving below the 200‑day moving average, which historically signals a potential major sell‑off [1]. Over the weekend, Bitcoin’s 50‑day MA fell beneath its 200‑day MA, aligning with the observed price decline. In India, the Reserve Bank of India (RBI) maintains a cautious stance, continuing to bar banks and financial institutions from dealing with crypto despite the Supreme Court overturning an earlier ban; the RBI governor reiterated “major concerns” around crypto [1]. This regulatory environment adds to market uncertainty, especially for Indian traders.

What to watch

• ₹25 lakh – a key psychological support level for Bitcoin; a break below could trigger further downside.
• Next moving‑average crossover – watch for the 50‑day MA to either stay below or cross back above the 200‑day MA, which would influence momentum.
• RBI policy statements – any shift in the RBI’s position on crypto could affect Indian market sentiment and volume.

The death‑cross pattern has reignited a broad sell‑off, underscoring how technical signals and regulatory cues together shape short‑term crypto price dynamics. Whether Bitcoin can recover the ₹25 lakh barrier or deeper technical support will be decisive for the market’s near‑term trajectory.