Stock Market LIVE Updates, Sensex Today: Markets Likely To Open Flat

Nischal Shetty, Founder, WazirX"Crypto markets extended their pullback as hotter US inflation, rising Treasury yields and continued ETF withdrawals outweighed support from strong Chinese trade and lower Brent prices. Bitcoin declined 1.93% to around $73,517, while Ethereum fell 3.29% to nearly $2,053. Both assets are now testing important support regions, although lower volatility across traditional markets suggests investors have not moved entirely away from growth-oriented assets.Bitcoin is trading close to its long-term support at $73,100-$73,500. Holding this region could help the market stabilize, while a recovery through $75,600-$76,400 would improve short-term momentum. If immediate support gives way, attention may shift toward $71,800-$72,200.Ethereum's RSI near 30 indicates stretched selling momentum as price approaches support at $2,030-$2,050 and the psychological $2,000 level. Resistance sits at $2,100-$2,150, followed by $2,170-$2,200. Futures traders may look for stronger volume, rising open interest and balanced funding before viewing any resistance test as confirmation of a broader recovery.The macro environment remained demanding. US inflation increased 0.4% month-on-month, while firm employment kept economic growth supported. Treasury yields approached 5% as markets increased expectations of a December Federal Reserve rate hike, tightening global liquidity. However, China's exports rose 35.2%, imports accelerated and Brent declined 1.2%, providing support through stronger trade and lower energy-driven inflation pressure.Asian equities offered a partial counterbalance, led by gains in the KOSPI and Nikkei, while US technology shares declined modestly and the VIX fell 2.31%. Institutional activity remained cautious, with Bitcoin ETFs recording $201 million in outflows and Ethereum ETFs losing $184.6 million. ETF selling added pressure, but derivatives liquidations, exchange supply and macro positioning also influenced the decline. Similarly, future inflows may strengthen underlying demand without producing immediate gains if broader financial conditions remain restrictive."