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As of Saturday, June 15, 2025, the crypto market is showing mixed signals, with some significant developments and ongoing regulatory scrutiny, particularly in India.
Key Highlights and Price Movements:
* Bitcoin (BTC): Bitcoin has been volatile, but is currently trading around ₹9,053,355.48 to ₹9,103,783.26 (approximately $106,000 - $107,000 USDT). Some reports indicate it briefly surpassed 106,000 USDT with daily gains. While there's been some pullback, the long-term outlook remains bullish for many, backed by ETF inflows and institutional exposure. Price predictions for 2025 range widely, with some expecting it to climb towards $130,000-$150,000.
* Ethereum (ETH): Ethereum has experienced a sharp drop recently, trading around ₹217,909.75 to ₹220,813.42 (approximately $2,500 - $2,530). This comes after failing to hold above the $2,740-$2,760 range. However, there are still reports of massive inflows into Ethereum ETFs, and some analysts believe a strong demand zone around $2,490-$2,500 could provide support for a potential rebound.
* Solana (SOL): Fidelity has reportedly filed an S-1 for a Solana spot ETF that includes a staking option for investors, indicating growing institutional interest in altcoins.
Regulatory and Political News:
* India's Crypto Tax Crackdown: The Central Board of Direct Taxes (CBDT) in India is actively investigating tax evasion and money laundering linked to cryptocurrency investments. They are specifically targeting individuals and entities who have not disclosed Virtual Digital Asset (VDA) income in their tax returns. The CBDT has issued emails to thousands of defaulting taxpayers, urging them to review their Income Tax Returns (ITRs) if VDA income has not been properly disclosed. This is a significant enforcement drive, matching ITRs with TDS data from crypto exchanges.
