Nischal Shetty, Founder, WazirX"Crypto markets are entering a macro-sensitive phase, with central-bank communication and long-term bond yields likely to determine near-term direction. The Jackson Hole symposium this week is the next key decisive event. A hawkish message indicating persistent inflation or the need to keep rates elevated could push Treasury yields higher, strengthen the dollar, and reduce demand for risk on assets like crypto. According to analysts, the most constructive scenario for crypto is stable or declining long-term yields and continued technology investment.Asian markets started mixed, with losses concentrated in Hong Kong and South Korea. The Hang Seng fell 1.51% to 25,616.42, while the KOSPI declined 1.62% to 6,800.70. Shanghai eased 0.12%. In contrast, Japan's Nikkei 225 edged up 0.09% to 66,076.20 after a volatile session, and Singapore gained 0.33%.Bitcoin is trading at approximately $76,930 after gaining 22.02% over the last week, and a 0.95% dip over the last 24 hours. Based on the displayed price and nearby psychological levels, immediate support lies around 76,000-76,500. If that zone fails to hold, the next support areas are approximately 75,000-75,500 and $74,000. Immediate resistance sits around 77,000-78,000.Ethereum is trading near $2,429 after a strong 28.54% weekly gain, and a 1.46% decline over the last 24 hours. According to analysts, futures traders could watch 2400-2420 as immediate support, followed by $2,350 and $2,380. Resistance sits at $2,450 and $2,500, with $2,550-$2,600 next if momentum holds. Selling pressure was sharper among altcoins in the last 24 hours. XRP lost 1.95%, Dogecoin dropped 1.55%, and Cardano underperformed with a 2.45% fall. The overall market price movement signals a cautious sentiment, with investors not going big on risk exposure, and holding a more defensive market stance."
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