Stock Market LIVE Updates, Sensex Today: Markets Likely To Open Flat Amid Mixed Global Cues

Nischal Shetty, Founder, WazirX"Bitcoin maintains market leadership with 59.8% dominance, while Ethereum accounts for 11.2% and other assets 29%.Implied volatility is higher for Ethereum at 59.43, compared with Bitcoin's 43.24, suggesting greater expected ETH price swings ahead.US markets reflected a risk-on mood, led by a 1.57% rise in the Nasdaq and a 0.72% gain in the S&P 500, while the Dow advanced a modest 0.20%, indicating stronger demand for technology and growth stocks. Crypto often benefits when technology stocks rise, volatility declines and investors become more willing to hold higher-risk assets. Bitcoin could receive the first lift, while ETH and major altcoins may outperform if the risk-on mood persists.Asian markets present a mixed-to-cautious signal for crypto. Japan's Nikkei rose 0.83% and Singapore gained 0.20%, but Hong Kong slipped 0.24%. This suggests that the positive sentiment from US markets has not spread evenly across Asia. Bitcoin may remain relatively resilient, but weaker regional risk appetite could limit momentum in altcoins unless US market strength continues.BTC's technical outlook remains broadly bullish, with 13 of 15 moving-average indicators showing "Buy". Immediate support is clustered around $76,621 - $77,257, followed by $72,073 - $72,812 and the Ichimoku base near $71,835. Stronger downside support appears between $66,202 and $70,668. The Hull Moving Average indicates resistance around $80,555. A sustained breakout above this level could extend bullish momentum.Markets are awaiting Fed Chair Kevin Warsh's Jackson Hole address for clarity on interest rates, inflation and liquidity. US inflation remains above target, while GDP growth has slowed, creating a difficult policy balance. A hawkish message could lift Treasury yields and the dollar, creating pressure on equities and crypto. A balanced or dovish tone acknowledging softer employment and tighter financial conditions could improve risk appetite and support Bitcoin and other risk on assets."