BS BFSI Summit LIVE Updates: Industry leaders to discuss the future of crypto trading in India | Cryptocurrency

BS BFSI Summit LIVE Updates:  The crypto market remained sideways after the Fed cut interest rates by 25bps. While this move was largely anticipated by the investors, the announcement of Quantitative Easing from December is set to improve liquidity conditions, which is a positive for risk assets like crypto. Historically, November has been one of Bitcoin’s strongest months for BTC with positive returns in 8 of the past 12 years. This, combined with whale activity hitting a two-month high, creates a bullish environment for crypto. With BTC hovering near $111,000, a breakout above $113,500 could confirm the next leg higher, while $109,500 remains a strong support zone.

Views by: Edul Patel, CEO of Mudrex.

BS BFSI Summit LIVE Updates:  During a key session titled “India’s Crypto Crossroads: Time for a Policy Rethink?”, distinguished speakers—including Dilip Chenoy, Chairperson of Bharat Web3 Association; G. Padmanabhan, former executive director of the Reserve Bank of India; S. B. Seker, head of APAC at Binance; and Sumit Gupta, founder & CEO of CoinDCX—will discuss the current state and future outlook of the Indian crypto ecosystem.