NEW DELHI — On October 23, 2026, cryptocurrency markets reflected a mild downward correction across major assets. Bitcoin hovered near the $81,241 mark, showing slight intraday contraction, while Ethereum traded around $2,389. For Indian investors tracking prices across local platforms like CoinDCX, Mudrex, and WazirX, altcoins experienced minor weekly and monthly pullbacks amid broader macroeconomic consolidation.
Key Market Statistics & Performance Overview
| Asset | Current Price (USD) | 24h Change (%) | Weekly Change (%) | Monthly Change (%) | Market Cap |
|---|---|---|---|---|---|
| Bitcoin (BTC) | $81,241.00 | -0.08% | -0.35% | -3.73% | $1,630,413M |
| Ethereum (ETH) | $2,389.05 | +0.13% | -1.39% | -11.19% | $378,287M |
| Binance (BNB) | $730.80 | -0.01% | +0.18% | -4.56% | $96,121M |
| XRP | $1.31 | +0.03% | -0.07% | -14.58% | $82,447M |
| Solana (SOL) | $103.74 | +0.21% | -0.52% | -11.30% | $60,995M |
| Cardano (ADA) | $0.2124 | +0.19% | -5.83% | -14.23% | $7,792M |
| Avalanche (AVAX) | $9.13 | +0.09% | -8.23% | -10.41% | $4,037M |
| Polygon (POL/MATIC) | $0.09 | -4.60% | -5.67% | -10.83% | $177M |
| Uniswap (UNI) | $6.99 | -0.08% | -4.32% | -23.35% | $4,374M |
Market Analysis: Key Takeaways for Indian Investors
Bitcoin Stabilizes Around $81,200: Bitcoin is changing hands at $81,241, down a marginal 0.08% over 24 hours and 3.73% over the past month, maintaining a total market cap above $1.63 Trillion.
Ethereum Defends Key Support: ETH trades at $2,389.05, keeping above the crucial $2,300 psychological support zone despite facing a 11.19% monthly pullback.
Altcoin Performance & Adjustments:
Solana (SOL) holds steady near $103.74, posting a slight 24-hour gain of +0.21%.
Avalanche (AVAX) and Algorand experienced steeper weekly contractions, down -8.23% and -7.65%, respectively.
Polygon (POL) saw a single-day dip of -4.60%, bringing its price to $0.09.
Frequently Asked Questions (FAQ) — Crypto Market Updates
What is the current price of Bitcoin in INR?
At $81,241 USD and an estimated exchange rate of approximately ₹84.50 per USD, Bitcoin is trading at approximately ₹68.6 Lakh INR.
How are cryptocurrency profits taxed in India?
Under Indian Income Tax guidelines, gains from Virtual Digital Assets (VDAs) are subject to a flat 30% tax (plus applicable surcharge and cess), with no provision to set off losses against other trading pairs. Additionally, a 1% Tax Deducted at Source (TDS) applies on aggregate transactions exceeding annual statutory thresholds.
Which altcoin experienced the largest weekly correction?
Avalanche (-8.23%) and Algorand (-7.65%) recorded the steepest 7-day retracements among major market cap assets.
