Bitcoin Price Today 07 Aug 2026: BTC at $65,113

Bitcoin is trading at $65,128 USD or ₹6,204,744 INR, marking a +1.50% increase over the last 24 hours. The U.S. jobs report, showing an unexpected shedding of 23,000 jobs in July, has significantly impacted global financial markets, casting doubt on the likelihood of further Federal Reserve rate hikes. This development directly influences the crypto market’s trajectory, as interest rate expectations are a key driver for risk assets.

Fed Rate Hike Uncertainty Boosts Bitcoin Amidst Jobs Data Shock

The unexpected decline in U.S. jobs in July, with a loss of 23,000 positions, has dramatically shifted the outlook for Federal Reserve monetary policy. Markets are now pricing in a less than 50% chance of a September rate hike. This pivot away from further tightening offers a significant tailwind for Bitcoin, which has been sensitive to global interest rate environments. As risk assets, cryptocurrencies often benefit when the cost of borrowing is perceived to be peaking or about to decline. The current price of Bitcoin at $65,128 USD (₹6,204,744 INR) reflects this newfound optimism, even as the broader market digests the implications of a potentially cooling U.S. economy.

USD/INR Dynamics Affecting Indian Crypto Investor Returns

Today, the USD/INR exchange rate stands at ₹95.27. For Indian investors holding cryptocurrencies denominated in USD, fluctuations in the INR’s value directly impact their realized returns when converting back to local currency. A weaker INR, as indicated by a higher USD/INR rate, generally translates to higher INR returns for assets priced in USD, assuming the asset’s USD price remains constant or increases. Conversely, a strengthening INR would diminish those gains. With Bitcoin trading at $65,128 USD (₹6,204,744 INR) and Ethereum at $1,927 USD (₹183,585 INR), the current USD/INR of ₹95.27 means that gains in dollar terms are amplified when repatriated into Rupees.

Ethereum’s Performance and the ETH/BTC Ratio Amidst Broader Market Moves

Ethereum is currently priced at $1,927 USD (₹183,585 INR), with a +1.67% gain in the last 24 hours. The ETH/BTC ratio stands at 0.0296, indicating that Bitcoin is outperforming Ethereum on a percentage basis today. While both major cryptocurrencies are showing positive movement, the data suggests that Bitcoin is capturing more of the recent inflows or benefiting more strongly from the current market narrative, possibly due to its perceived status as a digital gold during times of economic uncertainty. This divergence, though subtle, warrants monitoring as it can signal shifts in institutional preference within the crypto space.

Fear and Greed Index Suggests Accumulation Opportunities

The Crypto Fear & Greed Index currently reads 29/100, firmly in the “Fear” territory. Historically, readings within the 25-45 range have been indicative of accumulation zones. Both the March 2020 crash and the Q4 2022 period saw sustained institutional buying commence when the index hovered in this fear-driven sentiment. The current reading, coupled with the unexpected U.S. jobs data, might present a strategic opportunity for long-term investors to gradually build positions, aligning with past patterns of institutional capital deployment during periods of market apprehension.

FII Flow Data and Potential Crypto Capital Allocation

Today, Foreign Institutional Investors (FIIs) were net sellers in Indian equities, with a figure of ₹17.86 Cr. This contrasts with earlier sessions where FIIs were significant net buyers. While the net selling figure is relatively small, it marks a shift in recent trends. The thesis connecting FII flows to crypto capital allocation suggests that when FIIs reduce their exposure to traditional Indian markets, a portion of that capital might be reallocated to alternative assets, including cryptocurrencies, especially if global macroeconomic conditions become more favorable for risk assets, as hinted by the U.S. jobs report.

Crypto Tax Mechanics: A Hypothetical Scenario for Indian Investors

Consider an Indian investor who purchased 0.5 Bitcoin at $60,000 USD (approximately ₹5,700,000 INR at the time) six months ago and today decides to sell it at the current price of $65,128 USD (₹6,204,744 INR). The total gain in USD would be $2,564 USD ($65,128 – $60,000). In INR, the gain would be ₹504,744 INR (₹6,204,744 – ₹5,700,000). Under current Indian tax laws, this gain is subject to a 30% tax on gains from Virtual Digital Assets (VDAs), plus applicable cess and surcharge. Therefore, the tax liability on this transaction would be approximately ₹151,423.20 INR (30% of ₹504,744 INR), excluding any potential surcharge or cess.

Solana and Altcoins: Navigating the Broader Digital Asset Landscape

Solana is currently trading at $73.81 USD (₹7,031 INR), showing a +1.27% increase over the past 24 hours. While the major cryptocurrencies are seeing positive price action, the overall altcoin market is often influenced by Bitcoin’s dominance and broader macroeconomic factors. The current Fear & Greed index reading of 29 suggests a cautious environment, and while specific altcoin narratives can emerge, significant capital inflows into the broader altcoin sector typically require a more established “Greed” sentiment or clear regulatory clarity, which is currently lacking globally following events like the “Clarity Act funeral” mentioned in recent news.

Key Levels to Watch for Nifty Based on Institutional Flows

The Nifty closed at 24570.65 today. Looking at the FII and DII flows over the last five sessions, a pattern emerges: DIIs have consistently been net buyers, with significant inflows in recent days. FIIs, however, have shown more volatility, being net sellers today after a period of strong buying. This divergence suggests that domestic institutions are providing a steady support base for the Indian equity market, while foreign flows remain a key determinant of short-term direction. Key support for the Nifty, considering the recent flow dynamics and closing price, would be around the 24,300 mark. Resistance is likely to be tested at the 24,700-24,800 levels, with sustained FII buying crucial for breaking through.

FAQ Section

Q: What did FII buy or sell on 2026-08-06?

A: FII were net sellers on 2026-08-06, with figures of ₹-943.42 Cr.

Q: What did DII buy on 2026-08-07?

A: DIIs were net buyers on 2026-08-07, with figures of +₹4,013.60 Cr.

Q: Is FII buying or selling in August 2026?

A: In August 2026, FII activity has been mixed, with significant buying in the early sessions (2026-08-03 to 2026-08-05) followed by net selling on 2026-08-06 and a small net selling position today (2026-08-07). The trend is not definitively one-sided for the month so far.

Table: Institutional Flows Over the Last Five Trading Sessions

The hypothetical scenario outlined earlier serves as a crucial reminder for Indian investors regarding the tax implications of their cryptocurrency holdings. The 30% tax on Virtual Digital Assets (VDAs) is a significant factor that must be factored into profit calculations and investment strategies. For instance, if the investor in our example had bought Bitcoin at $60,000 USD (approx. ₹5,700,000 INR) and sold at $65,128 USD (approx. ₹6,204,744 INR), the taxable gain of ₹504,744 INR would incur a tax of approximately ₹151,423.20 INR. This means the net profit after tax would be closer to ₹353,320.80 INR. Investors must maintain meticulous records of purchase and sale dates, prices, and transaction fees to accurately calculate their tax liability and avoid penalties. Understanding the nuances of VDA taxation is as critical as understanding market dynamics when navigating the crypto landscape.

Actionable Framework: Navigating Current Market Levels

Given the current market sentiment and macroeconomic indicators, here’s a potential framework for Bitcoin and Ethereum:

• Bitcoin (BTC): With the immediate threat of further Fed rate hikes seemingly reduced, Bitcoin could find support around the $63,000 – $64,000 USD (approx. ₹6,000,000 – ₹6,100,000 INR) range. A sustained move above the recent highs near $66,000 USD (approx. ₹6,300,000 INR) could signal a retest of the $68,000 – $70,000 USD (approx. ₹6,500,000 – ₹6,700,000 INR) psychological and historical resistance levels.
• Ethereum (ETH): Ethereum, currently at $1,927 USD (approx. ₹183,585 INR), is showing resilience. Immediate support can be observed around the $1,880 – $1,900 USD (approx. ₹179,000 – ₹181,000 INR) zone. A bullish continuation could see it challenge the $2,000 USD (approx. ₹190,000 INR) mark, with further upside targeting the $2,100 – $2,200 USD (approx. ₹200,000 – ₹210,000 INR) area.

The ETH/BTC ratio at 0.0296 suggests that while both are moving up, BTC is leading. Any significant shift in this ratio, with ETH outperforming BTC, could indicate a broadening of the crypto market recovery beyond just Bitcoin.

Bottom Line

Today’s market shows a fascinating interplay between global macroeconomic shifts and asset class movements. The unexpected U.S. jobs report has injected a dose of uncertainty into Fed policy, creating a more favorable backdrop for risk assets like Bitcoin, currently trading at $65,128 USD (₹6,204,744 INR). This global development occurs against a backdrop of cautious sentiment in crypto, as reflected by the Fear & Greed index at 29. In Indian equities, strong DII buying continues to provide support, even as FIIs exhibit a more neutral stance today. Indian investors should monitor the USD/INR rate of ₹95.27, as it directly impacts their realized crypto returns.