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

**Published:** 2026-07-11T20:58:44.690Z  
**Topic:** Dogecoin  
**Sentiment:** neutral  
**Publisher:** TrendWatcher — https://www.trendwatcher.in/article/34509f69-35a9-4c20-bdba-17688aea32f3

Bitcoin slides 1.16% below ₹25 lakh as death‑cross technical signal sparks a broad crypto sell‑off, with Ethereum down 3.19% and Dogecoin off 22% today.

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.

| At a glance | |
|---|---|
| Bitcoin price | ₹24,73,216 |
| 24h change | –1.16% |
| Key level breached | ₹25 lakh (psychological support) |
| Catalyst | 50‑day MA crossing below 200‑day MA (“death cross”) |

## 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.

## Sources
1. Zeebiz — [Cryptocurrency Latest Price News Today: 'Death Cross'! Bitcoin...](https://www.zeebiz.com/markets/currency/news-cryptocurrency-latest-price-news-today-death-cross-bitcoin-ethereum-dogecoin-and-other-top-coins-continue-to-tumble-check-possible-factors-159070)
2. CoinDesk — [CoinDesk: Bitcoin, Ethereum, XRP, Crypto News and Price Data](https://www.coindesk.com/)

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Cite as: TrendWatcher, "Bitcoin death cross pushes price below ₹25 lakh, other top coins", https://www.trendwatcher.in/article/34509f69-35a9-4c20-bdba-17688aea32f3