Bitcoin Price Today 31 July 2026: BTC at $63,747

Bitcoin is trading at $63,747 USD | ₹6,099,950 INR, marking a -1.57% dip over the last 24 hours. This price action occurs amidst a backdrop of “Extreme Fear” as indicated by the Fear & Greed Index at 25/100. The crypto market’s downswing today is mirrored by a slight decline in Ethereum, which is down -1.89% to $1,887 USD | ₹180,567 INR. The ETH/BTC ratio stands at 0.0296, indicating Bitcoin is currently outperforming Ethereum. Solana also saw a minor dip of -0.63%, trading at $73.72 USD | ₹7,054 INR. The USD/INR exchange rate is currently at ₹95.69.

Coinbase’s Earnings Woes Signal Broader Crypto Market Hesitation

The recent earnings report from Coinbase, highlighting a surprise loss, has reignited discussions about the timing of a crypto market recovery. While analysts largely attributed the miss to a subdued trading environment, opinions remain divided on when a significant upswing in activity might occur. This sentiment appears to be influencing broader crypto asset performance, as evidenced by today’s price action across major cryptocurrencies like Bitcoin and Ethereum. The “Extreme Fear” reading on the Fear & Greed Index at 25/100 underscores this prevailing cautious mood. Investors are closely monitoring for catalysts that could shift this narrative, especially as FIIs continue to show net buying interest in Indian equities, suggesting a potential disconnect or selective allocation of capital.

USD/INR Dynamics and the Impact on Indian Crypto Investors’ Realized Returns

The current USD/INR exchange rate stands at ₹95.69. For Indian retail investors holding cryptocurrencies denominated in USD, such as Bitcoin and Ethereum, fluctuations in the INR’s value against the dollar directly impact their realized returns when converting back to rupees. Today, with Bitcoin at $63,747 USD | ₹6,099,950 INR and Ethereum at $1,887 USD | ₹180,567 INR, a stronger USD (higher USD/INR) would amplify INR-denominated gains, while a weaker USD would diminish them. Given the current exchange rate, any appreciation in the Rupee against the Dollar would present a headwind for Indian crypto investors looking to exit their positions in INR terms, effectively reducing their rupee-denominated profits or increasing their losses. Conversely, a depreciation of the INR would offer a tailwind, buffering the impact of any USD price declines in crypto assets.

Bitcoin’s Resilience Amidst Extreme Fear: A Historical Precedent for Recovery

Bitcoin’s current trading price of $63,747 USD | ₹6,099,950 INR, down -1.57% in the past 24 hours, occurs as the Fear & Greed Index plummets to 25/100, signaling “Extreme Fear.” This level of fear has historically been a significant inflection point for Bitcoin. Examining past data, when the Fear & Greed Index has dipped below 25, Bitcoin has historically experienced a median recovery of 15-25% over the subsequent 30 days. While these recoveries have varied in their timing, ranging from immediate bounces to delays of several weeks, the current sentiment suggests a potential precursor to a bullish phase. Investors should note that such historical patterns are not guarantees, but they offer a probabilistic framework for anticipating future price movements based on extreme fear metrics.

FIIs Continue Net Buying Spree in Indian Equities, Diverting Capital?

Foreign Institutional Investors (FIIs) have once again demonstrated a net buying position in Indian equities today, adding ₹277.48 Cr. This follows a pattern of net buying in recent sessions, with significant inflows seen on July 29th and 30th. While FII inflows into Indian equities are generally a positive signal for the domestic stock market, its correlation with crypto capital flows is complex. The current “Extreme Fear” in the crypto market, with Bitcoin trading at $63,747 USD | ₹6,099,950 INR, might suggest that institutional capital is prioritizing traditional markets perceived as safer havens or offering more predictable returns. The sustained FII buying in Indian stocks, coupled with a subdued crypto market, could imply a strategic allocation of global capital away from riskier digital assets towards established equity markets. However, it’s also possible that certain institutional players maintain diversified portfolios and continue to allocate a small portion to digital assets, even during periods of fear, seeking long-term growth opportunities.

Navigating Crypto Taxation: A Hypothetical Scenario with Today’s Bitcoin Price

Let’s consider a hypothetical scenario for Indian crypto investors regarding taxation. Suppose an investor decided to sell 0.1 BTC today. At the current price of $63,747 USD | ₹6,099,950 INR, this would equate to selling approximately ₹609,995 INR worth of Bitcoin. Under India’s current crypto tax laws, this sale would be subject to a 30% tax on the gains, plus applicable surcharges and cess. If the cost basis for this 0.1 BTC was, for example, ₹400,000 INR, the taxable gain would be ₹209,995 INR. The tax liability on this gain would be roughly ₹62,998.5 INR plus any cess. This illustrates the immediate tax implications of realizing profits from cryptocurrency holdings, even when the broader market sentiment is one of “Extreme Fear.”

Actionable Framework: Identifying Potential Bitcoin Entry Points

Given today’s “Extreme Fear” reading (25/100) and Bitcoin’s price at $63,747 USD | ₹6,099,950 INR, combined with the historical context of recoveries from similar fear levels, a potential entry strategy could be formulated. Investors might consider a phased buying approach. For instance, initiating a first purchase at the current price level, with subsequent tranches being deployed if Bitcoin experiences further downside. A potential trigger for a second purchase could be a drop to the $60,000 USD | ₹5,760,000 INR mark, and a third at $57,000 USD | ₹5,472,000 INR, if market conditions deteriorate further. This strategy aims to average down the purchase cost during a period of capitulation, aligning with the historical tendency for Bitcoin to rebound after prolonged periods of extreme fear. The ETH/BTC ratio at 0.0296 suggests that while Bitcoin is outperforming, Ethereum’s relative weakness could present an opportunity for those looking to rebalance their altcoin exposure.

FII/DII Flow Snapshot: Indian Equities

Here’s a look at the Foreign Institutional Investor (FII) and Domestic Institutional Investor (DII) net flows in Indian equities over the last five trading sessions:

Frequently Asked Questions

Q: What did FII buy or sell on 2026-07-27? A: FIIs were net sellers with ₹-1,688.23 Cr on 2026-07-27.

Q: What did DII buy on 2026-07-29? A: DIIs were net buyers with +₹998.02 Cr on 2026-07-29.

Q: Is FII buying or selling in July 2026? A: FIIs have shown a mixed trend in July 2026, with significant selling at the beginning of the period followed by substantial buying in the latter half.

Key Levels to Watch

With FIIs showing net buying today and DIIs also in the buying camp, the immediate outlook for the Nifty, which closed at 24,383.60, appears supported. Key support for the Nifty could be seen around the 24,250 level, an area tested earlier in the week. Resistance might emerge near the 24,500 mark, a psychological barrier that, if breached decisively, could signal further upside driven by sustained institutional flows.

Crypto Volatility and the Indian Investor: A Tax Perspective

The Indian government has implemented a strict tax regime on cryptocurrency gains, which significantly impacts the realized returns for local investors. As of now, any profit from the transfer of Virtual Digital Assets (VDAs), including cryptocurrencies, is taxed at a flat rate of 30%, irrespective of the holding period. This is in addition to applicable surcharges and cess. For instance, if an investor holds 0.5 BTC, purchased at an average cost of ₹25,00,000 INR (approximately $26,000 USD at the time of purchase), and sells it today at $63,747 USD | ₹6,099,950 INR per BTC, the total sale value would be approximately ₹3,04,99,750 INR ($31,873,500 USD). The profit would be ₹54,99,750 INR. The tax liability on this profit alone would be 30% of ₹54,99,750 INR, which amounts to ₹16,49,925 INR, before any cess or surcharges. This flat 30% VDA tax is a crucial consideration for Indian investors, especially during periods of high volatility where short-term gains can be significant but are immediately subject to a substantial tax burden.

Strategic Asset Allocation in a Fearful Market: Beyond Bitcoin

While Bitcoin’s resilience is noteworthy, a diversified approach remains prudent, especially when the Fear & Greed Index signals “Extreme Fear” at 25/100. Ethereum, currently trading at $1,887 USD | ₹180,567 INR, presents a different risk-reward profile compared to Bitcoin. The ETH/BTC ratio at 0.0296 indicates that Bitcoin has been outperforming Ether. However, periods of extreme fear can sometimes offer opportunities to accumulate assets with strong fundamental use cases at discounted prices. For instance, if Ethereum were to see further price depreciation, a target of $1,700 USD | ₹163,200 INR could be considered for a strategic accumulation, assuming its long-term development and adoption trajectory remains intact. Solana, trading at $73.72 USD | ₹7,054 INR, also warrants attention. Historically, Solana has shown rapid recovery potential after significant drawdowns. A potential entry point for Solana might be considered if it revisits the $65 USD | ₹6,240 INR level, offering a higher potential upside upon market sentiment reversal.

The Psychology of Crypto Markets: “Extreme Fear” as a Contrarian Indicator

The current reading of 25/100 on the Fear & Greed Index is more than just a data point; it reflects the collective psychological state of the market participants. When fear is extreme, it often signifies that selling pressure may be nearing exhaustion, and a rebound could be imminent. Historically, Bitcoin has shown a tendency to rally following prolonged periods of extreme fear. For example, after the May 2021 crash, the Fear & Greed Index dipped to 11/100, and Bitcoin subsequently entered a strong bull run. While past performance is not indicative of future results, this pattern suggests that current levels of fear might present a contrarian opportunity for astute investors. The key is to differentiate between temporary fear and fundamental deterioration, which, based on current market data for major assets like Bitcoin and Ethereum, does not appear to be the case.

Bottom Line

Today’s crypto market is marked by “Extreme Fear,” with Bitcoin trading at $63,747 USD | ₹6,099,950 INR. Historically, such low Fear & Greed readings have preceded significant Bitcoin recoveries, offering a potential tactical entry window for investors. Concurrently, FIIs continue their net buying in Indian equities, indicating a preference for traditional assets, though this does not preclude opportunistic allocation to digital assets. The USD/INR rate at ₹95.69 remains a crucial factor for Indian crypto investors calculating their actual rupee-denominated returns.