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Cryptocurrencies rebounded on Tuesday, with Bitcoin rising above $79,600 and Ethereum holding above $1,500, as easing U.S. tariff concerns improved market sentiment. Altcoins like Solana, Cardano, and Dogecoin also rallied. Despite the recovery, investor caution lingers, with the Crypto Fear & Greed Index in Extreme Fear. Analysts see key resistance at $84,000 for Bitcoin, with volatility likely to persist.
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Dipan Mehta advises Indian investors to adopt a sell-on-rise strategy amidst global financial uncertainty, drawing parallels to the 2008 crisis. He suggests caution due to potential tariff impacts and a looming global slowdown, advocating for capital protection and increased cash reserves.
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Invesco's Arnab Das suggests a fragmented global economy with shifting capital flows from the US to Europe and Asia due to trade tensions. While retaliation from China is underway, the primary short-term risk remains a potential recession. Das advises a holistic portfolio review, cautioning against impulsive reactions amidst market dislocations.
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