Today’s crypto market witnessed a balanced mood, with prices experiencing both ups and downs. While the Fear & Greed Index currently sits at 48, indicating neither excessive greed nor fear, Bitcoin and Ethereum experienced significant drops in price. Yesterday’s bearish movement led to over $1 billion in liquidations as Bitcoin breached below $110,000, while Ethereum fell under $4,350 support. Analysts suggest this decline could signal deeper losses if Bitcoin falls beneath $109,000 or Ethereum drops below $4,000. 24,000 BTC were liquidated following a significant dump by a whale and a related ETH long closure, adding to the market volatility. Meanwhile, global market uncertainties were amplified by U.S. President Donald Trump’s actions, including firing Fed Governor Lisa Cook, targeting Fed Chair Jerome Powell, and threatening China with trade tariffs. 200% on critical materials. 1B wiped out in just 24 hours – sources: Coinglass and Alternativeme. 1B wiped out in just 24 hours. These events fueled fears of trade tensions, supply chain risks, and global market instability ahead of the 2026 elections. 1B wiped out in just 24 hours. The impact on crypto is noticeable with Bitcoin shedding 1.7% to $109,980, while global markets saw a decline in cap due to these events – dropping 2.63% to $3.79T. On the positive side, the UAE has emerged as a significant player in the crypto space, accumulating over $700 million worth of Bitcoin. The UAE’s government and sovereign wealth funds are exploring both mining and mainstream financial exposure, signaling a strong commitment to the technology. India, meanwhile, has launched a crackdown on hidden crypto transactions by issuing Section 133(6) notices to traders who have failed to disclose past transactions for years. Stricter compliance measures could lead to penalties of up to 200% of avoided taxes and even prosecution. India’s growing crypto market is now facing heightened scrutiny as a result of this enforcement action. 24,000 BTC were liquidated following a significant dump by a whale and a related ETH long closure. The Indian Income Tax Department has launched a crackdown on hidden crypto trades using Section 133(6) notices to traders who failed to disclose past transactions for years, even from years ago. This section permits administrators to demand bank statements, exchange data, and wallet histories. Notices are triggered by mismatches like TDS deducted but no return unreported taxable income or incorrect claims. Traders are urged to maintain records, file proper VDA reports, and disclose all wallets as compliance is now strictly enforced in India’s growing crypto market.