Bitcoin surged over 8% to $81,700 after Trump paused tariff hikes, calming market fears. Regulatory boosts, including SEC leadership changes and Ethereum ETF options approval, added momentum. Altcoins rallied as crypto market cap hit $2.59 trillion. Analysts foresee consolidation before the next move toward the $88,000 resistance level.
Banks unlikely to reduce deposit rates despite RBI easing
Following the latest repo rate decrease, bankers foresee only slight adjustments to deposit rates. The landscape, characterized by sluggish savings yields and elevated credit-deposit ratios,