Bitcoin held near $74,600 on Friday, trading within a tight band as mixed ETF flows and unresolved macro uncertainty capped momentum. Ethereum was positioned around $2,300, while altcoins showed selective rather than broad-based participation, signaling a market without a clear directional catalyst. Institutional demand has not disappeared, but inflows remain inconsistent, preventing the kind of sustained buying pressure needed to clear key resistance near $75,000. Analysts characterize current conditions as consolidation-driven, meaning price discovery is stalling at a technically significant ceiling rather than breaking through on volume. For Bitcoin to extend gains, ETF flows would need to stabilize and macro headwinds, likely rate and risk-sentiment related, would need to ease. The $75,000 level is the immediate threshold to watch; failure to breach it under current conditions keeps the range-bound structure intact and may extend sideways trading across major tokens.
The Indian government has launched an OFS to sell up to 6.5% of its LIC stake, opening for non-retail investors on August 4, 2026, at a floor price of Rs 382 per share, about 11% below Monday's close. The discounted offering is likely to pressure LIC shares in the near term as supply increases sharply.
More than a dozen major Indian companies including Bharti Airtel, ONGC, Pidilite, Nykaa, DLF, and Ather Energy report April-June 2026 earnings on August 4. Results span telecom, energy, consumer goods, real estate, and EV sectors, giving markets a broad read on corporate health mid-earnings season.
Amazon shares hit a new all-time high Monday, pushing its market cap above $3 trillion following a sustained post-earnings rally. The milestone places Amazon among the very few companies globally to reach this valuation, with investor focus on AWS and advertising growth driving the move.
Sensex Gains 500 Points as Oil Falls on Iran Talks
The Sensex rose around 500 points and the Nifty crossed 24,500 on Monday after Donald Trump announced talks with Iran, pushing oil prices lower. IndiGo, ITC, FMCG, and metals led the gains as cheaper crude eased cost and inflation concerns.
