Business
Explained: Why Bitcoin is sliding — and why the pain may not be over – The Times of India
Bitcoin’s steep fall over the past few weeks has raised fears of a deeper slump, with Deutsche Bank outlining five major factors behind the decline.Analysts at the bank said they are unsure whether the cryptocurrency will stabilise soon, warning that the latest downturn is different from earlier crashes dominated by retail speculation.
Risk-off mood hits crypto
According to Decrypt, Deutsche Bank analysts said Bitcoin has been moving in line with tech stocks as global risk appetite weakens. Concerns around the broader macro environment, Donald Trump’s unpredictable trade actions, and doubts over inflated AI valuations have dragged down risk assets generally — Bitcoin included.
Hawkish Fed pressures prices
Bitcoin historically fares better when interest rates are low. However, the US Federal Reserve’s mixed messaging on whether it will cut rates again in December has hurt sentiment. This uncertainty has weighed on Bitcoin’s performance, reinforcing its sensitivity to monetary policy shifts.
Stalled Clarity Act slows adoption
The Guiding and Establishing National Innovation for US Stablecoins (Genius) Act, passed earlier this year, boosted optimism around regulation. However, the follow-up Clarity Act, which aims to define market structure rules, has hit a wall. As per Decrypt, the delay has dampened institutional confidence and slowed adoption.
Institutional pullback after major liquidations
Institutional investors have been withdrawing following the massive $19 billion liquidation event on 10 October. As per Decrypt, Deutsche Bank analysts said that falling liquidity has made any price recovery harder. Many futures traders also exited positions, intensifying volatility.
Long-term holders cash in
After Bitcoin crossed $126,000 last month, long-time holders took profits. Around 800,000 BTC were sold in just one month — the biggest such offload since January 2024. This added further downward pressure.
A $1 trillion market wipeout
Bitcoin plunged from above $126,000 in early October to below $82,200 before recovering to around $88,500. Despite the mild rebound, nearly $5 billion has exited Bitcoin-linked investment products, and the overall crypto market cap has dropped by 24% — wiping out $1 trillion.Although often compared to gold or US treasuries, Bitcoin has behaved “more like a high-growth tech stock,” according to Deutsche Bank. The bank’s analysts wrote that Bitcoin’s correlation with the Nasdaq 100 stands at 46% this year, while its link with the S&P 500 is 42% — levels similar to the Covid-19 crisis in 2022, as per Decrypt. Gold and treasuries, meanwhile, have outperformed it.Analysts cited comments from Federal Reserve Chair Jerome Powell and Governor Lisa Cook, which cast doubt on expectations of a December rate cut. This uncertainty could cause further weakness, with Bitcoin’s correlation with Fed rates at -13% this year.
Liquidity shock continues to hurt the market
The October crash created a liquidity vacuum that still hasn’t fully healed. Deutsche Bank, citing Kaiko data, noted that major exchanges saw order books collapse, with “ask-side liquidity effectively absent for several minutes.” This scared off market makers and deepened the price drop. The bank said the resulting negative loop between shrinking liquidity and falling prices continues to weigh on Bitcoin.
The government on Thursday kept petrol and high-speed diesel (HSD) prices unchanged at Rs253.17 per litre and Rs257.08 per litre respectively, for the coming fortnight, starting from January 16.
This decision was notified in a press release issued by the Petroleum Division.
Earlier, it was expected that the prices of all petroleum products would go down by up to Rs4.50 per litre (over 1pc each) today in view of variation in the international market.
Petrol is primarily used in private transport, small vehicles, rickshaws, and two-wheelers, and directly impacts the budgets of the middle and lower-middle classes.
Meanwhile, most of the transport sector runs on HSD. Its price is considered inflationary, as it is mostly used in heavy transport vehicles, trains, and agricultural engines such as trucks, buses, tractors, tube wells, and threshers, and particularly adds to the prices of vegetables and other eatables.
The government is currently charging about Rs100 per litre on petrol and about Rs97 per litre on diesel.
Business
Gold price today: How much 22K, 24K gold cost in Delhi, Patna & other cities – Check rates – The Times of India
Gold prices climbed to a fresh lifetime high in the domestic market on Thursday amid sustained buying by jewellers and stockists, according to the All India Sarafa Association.Gold advanced by Rs 800 to hit a new peak of Rs 1,47,300 per 10 grams (inclusive of all taxes), extending gains for the fifth consecutive session. The yellow metal had closed at Rs 1,46,500 per 10 grams in the previous session.Since the start of 2026, gold prices have surged Rs 9,600, or around 7 per cent, supported by persistent demand in the physical market. In overseas trade, spot gold slipped USD 12.22, or 0.26 per cent, to USD 4,614.45 per ounce, after having touched a record high of USD 4,643.06 per ounce in the previous session.Here is how much gold costs in major Indian cities today:
Gold price in Delhi today
The price of 22K gold in Delhi is Rs 13,140 per gram, down Rs 75, while 24K gold is priced at Rs 14,333 per gram, lower by Rs 82.
Gold price in Chennai today
In Chennai, 22K gold costs Rs 13,290 per gram, up Rs 10, while 24K gold is priced at Rs 14,498 per gram, higher by Rs 10.
Gold price in Mumbai today
Mumbai markets see 22K gold priced at Rs 13,125 per gram, down Rs 75, while 24K gold stands at Rs 14,318 per gram, lower by Rs 82.
Gold price in Ahmedabad today
In Ahmedabad, 22K gold is priced at Rs 13,130 per gram, down Rs 75, while 24K gold costs Rs 14,323 per gram, lower by Rs 82.
Gold price in Kolkata today
Kolkata markets price 22K gold at Rs 13,125 per gram, down Rs 75, while 24K gold stands at Rs 14,318 per gram, lower by Rs 82.
Gold price in Jaipur today
In Jaipur, 22K gold costs Rs 13,140 per gram, down Rs 75, while 24K gold is priced at Rs 14,333 per gram, lower by Rs 82.
Gold price in Hyderabad today
Hyderabad sees 22K gold at Rs 13,125 per gram, down Rs 75, while 24K gold is priced at Rs 14,318 per gram, lower by Rs 82.
Gold price in Bhubaneswar today
Bhubaneswar markets see 22K gold priced at Rs 13,125 per gram, down Rs 75, while 24K gold costs Rs 14,318 per gram, lower by Rs 82.
Gold price in Patna today
In Patna, 22K gold costs Rs 13,130 per gram, down Rs 75, while 24K gold is priced at Rs 14,323 per gram, lower by Rs 82.
Gold price in Lucknow today
Lucknow markets see 22K gold priced at Rs 13,140 per gram, down Rs 75, while 24K gold costs Rs 14,333 per gram, lower by Rs 82.
One of Britain’s most prolific rail fare dodgers could face jail after admitting dozens of travel offences.
Charles Brohiri, 29, pleaded guilty to travelling without buying a ticket a total of 112 times over a two-year period, Westminster Magistrates’ Court heard.
He could be ordered to pay more than £18,000 in unpaid fares and legal costs, the court was told.
He will be sentenced next month.
District Judge Nina Tempia warned Brohiri “could face a custodial sentence because of the number of offences he has committed”.
He pleaded guilty to 76 offences on Thursday.
It came after he was convicted in his absence of 36 charges at a previous hearing.
During Thursday’s hearing, Judge Tempia dismissed a bid by Brohiri’s lawyers to have the 36 convictions overturned.
They had argued the prosecutions were unlawful because they had not been brought by a qualified legal professional.
But Judge Tempia rejected the argument, saying there had been “no abuse of this court’s process”.
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