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Bitcoin tumbles below $100K, hitting steepest drop since June amid global crypto slump – SUCH TV
Bitcoin plunged sharply on Tuesday, falling over 6% to dip below $100,000 for the first time since June, as broader risk-off sentiment rippled across global financial markets.
Major U.S. stock indexes also slid, with technology and semiconductor stocks particularly hard hit, after Goldman Sachs and Morgan Stanley CEOs warned that equities may be poised for a significant pullback.
The cautious mood drove Treasury yields lower, while the U.S. dollar surged to a four-month high against the euro, putting additional pressure on risk assets, including cryptocurrencies.
Bitcoin’s drop underscores growing investor caution amid tightening monetary conditions and heightened market volatility, prompting some traders to reduce exposure to high-risk assets.
At an investment summit in Hong Kong, the bank CEOs cautioned that U.S. stocks could see a correction of more than 10% over the next two years.
Tech heavyweight Nvidia saw shares decline 4%, while an index of semiconductor stocks also fell by the same margin.
Data analytics company Palantir Technologies (PLTR.O) dropped more than 8% despite posting strong quarterly results and forecasting an above-market fourth-quarter outlook, boosted by rising demand for its AI services.
Investor Michael Burry, famous for his successful bet against the U.S. housing market in 2008, reportedly placed bearish positions on Nvidia and Palantir, according to a regulatory filing on Monday.
The broader market reflected growing caution: the S&P 500 fell 1.17% to 6,771.55, the Nasdaq dropped 2.04% to 23,348.64, and the Dow Jones Industrial Average slid 251 points to 47,085.24.
Keith Buchanan, senior portfolio manager at Globalt Investments, said, “The market has been moving higher based on earnings, but it seems positioned for a risk-off pullback at the slightest disappointment.”
MSCI’s gauge of stocks across the globe fell 11.51 points, or 1.14%, to 996.34.
The pan-European STOXX 600 index fell 0.3%.
Optimism about AI deals has been helping stocks. On Monday, stocks gained following Amazon.com’s $38 billion cloud services deal with ChatGPT creator OpenAI.
The US dollar was underpinned in part by reduced bets for near-term Federal Reserve easing, with divisions within the Fed raising doubt about the prospect of another rate cut this year.
The Fed lowered rates last week, but Chair Jerome Powell said a December rate cut was not a foregone conclusion.
Traders are betting on a 65% chance of a rate cut in December, compared with 94% a week earlier, CME FedWatch showed.
The euro EUR= fell for the fifth straight session and was down 0.3% at $1.148, its weakest since August 1. Against the yen, the dollar was 0.5% lower, though the Japanese currency remained near a recent 8-1/2-month low.
Sterling tumbled after the UK finance minister pointed to “hard choices” in her upcoming budget. Sterling GBP= weakened 0.72% to $1.3044.
US Treasury yields declined amid a broader risk-off tone in financial markets.
Because of the government shutdown, a closely watched monthly jobs report from the Bureau of Labor Statistics will not be available on Friday, as previously scheduled.
The yield on benchmark US 10-year notes US10YT=RR fell 2 basis points to 4.087%, from 4.107% late on Monday.
US crude CLc1 fell 49 cents to settle at $60.56 a barrel, and Brent LCOc1 fell 45 cents to settle at $64.44. A stronger dollar weighed.
New Delhi: Equity mutual fund (MF) inflows stood at Rs 28,054 crore in the month of December as systematic investment plans (SIPs) scaled a fresh record high last month, according to the Association of Mutual Funds in India (AMFI) data released on Friday.
The monthly mutual fund SIP inflows reached a new record high in December at Rs 31,002 crore, compared to Rs 29,445 crore in November. The SIP investments rose by 5 per cent and 17 per cent on a monthly and yearly basis, respectively.
Gold ETFs also registered strong inflows of Rs 11,647 crore in December, higher than Rs 3,742 crore in November, showed the AMFI data.
Flexi-cap funds witnessed a sharp pickup in inflows, reflecting investor preference for strategies that offer allocation flexibility across market capitalisations amid evolving market conditions.
The mutual fund industry reported an overall net outflows of Rs 66,571 crore in December. Hybrid schemes attracted inflows of Rs 10,756 crore, while ‘other schemes’, including ETFs, saw net inflows of Rs 26,723 crore.
Overall, the flow trend suggests that equity participation remains structurally intact, but investors are becoming more discerning, with greater emphasis on portfolio balance, diversification, and risk management rather than broad-based risk-taking, said Himanshu Srivastava, Principal Manager Research, Morningstar Investment Research India.
Flows remained resilient despite intermittent market volatility, supported by steady SIP contributions and continued confidence in India’s long-term growth outlook, he added.
Amid rising participation from Gen Z, women and households from smaller cities and towns, India’s mutual fund industry, especially the SIPs, are set to witness robust growth in 2026.
Investors have poured over Rs 3 lakh crore into mutual fund schemes through systematic investment plans until November, for the first time in a calendar year. The data from AMFI showed earlier that SIP inflows in the calendar year touched Rs 3.04 trillion (lakh crore) for the first time, up from Rs 2.69 trillion in 2024.
SIPs have emerged as one of the strongest and most reliable engines of growth for the Indian mutual fund industry. Sustained net inflows, strong market performance, and deepening retail participation, aided by digitisation and financialisation of savings, have contributed to the steady surge in AUM, according to ICRA Analytics. India’s mutual fund industry’s assets under management (AUM) may surpass Rs 300 trillion by 2035, it added.
Business
Bought 3BHK Flat Without Any Fancy Job Or Inheritance; CA Explains Real-Life Story Of Surat Man
New Delhi: Chartered accountant Nitin Kaushik recently posted on X the real-life story of a person who purchased a 3BHK apartment in Surat for Rs 55 lakhs without an inheritance or fancy career but with consistent discipline.
Kaushik said that he had recently met a person who despite not belonging to any privileged background, recently bought a 3BHK apartment in Surat for Rs 55 lakhs. Kaushik said this man’s simple story will “change your view on wealth”.
How a Simple Story Change your View on “Wealth”
A few weeks ago, I met someone-not from a privileged background-who recently bought a 3BHK apartment in Surat worth _55 lakhs.
No inheritance, no fancy job, no startup exit-just steady discipline.___#stockmarket_ pic.twitter.com/WBBgtGGyx3
— CA Nitin Kaushik (FCA) | LLB (@Finance_Bareek) January 7, 2026
When Kaushik asked the person how he managed the purchase of the home the person said that he had saved Rs 45 lakhs over 12 years and took a home loan of Rs 10 lakh. “No panic about EMIs or inflation. Just quiet confidence and planning,” Kaushik said.
Kaushik said, “This was not overnight success.” The man saved consistently through recurring deposits, gold savings schemes and local real estate investments in his village near Surat. Kaushik said that consistency added with patience over 12 years is the key to the man’s success.
The person already owned a two-storey home and a small commercial shop in the village, which were both rented out. The rental inflows were roughly Rs 22,000 per month. “Every rupee saved or reinvested, building more wealth quietly,” wrote Kaushik.
According to Kaushik, the person accumulated over Rs 40 lakh through consistent saving and reinvestment, without using stocks or mutual funds. The man’s accumulation of wealth showed that “wealth is not about quick compounding but long term discipline. Many chase complex, risky strategies, but steady, patient investing builds real wealth brick by brick,” he said.
According to Kaushik, wealth develops based on how long you stick to your discipline and not how much you make. “Wealth grows by how long you hold your discipline, not just by how much you earn. Even small streams, flowing steadily, become rivers. Formula for success is Consistency × Patience × Simplicity. Anyone can start this today no matter your income level,” Kaushik said.
Last Updated:
Telecom operator Vodafone Idea on Friday laid out a detailed repayment roadmap for its adjusted gross revenue (AGR) liabilities; Know details
Vodafone Idea Share Price
Telecom operator Vodafone Idea on Friday laid out a detailed repayment roadmap for its adjusted gross revenue (AGR) liabilities, under which it will service a portion of the dues at a maximum of Rs 124 crore per year over a six-year period.
The company’s shares rose about 6% in early trade after the announcement.
In December, Reuters had reported that the Indian government approved a partial moratorium on Vodafone Idea’s dues, freezing payments of about $9.76 billion and pushing a large part of the repayment burden into the 2030s.
In its stock exchange filing, Vodafone Idea said its AGR liabilities — including principal, interest, penalty and interest on penalty for FY2006-07 to FY2018-19 — outstanding as of December 31, 2025, will be frozen and repaid in a phased manner.
As per the Department of Telecommunications (DoT) communication, the company will pay up to Rs 124 crore annually for six years from March 2026 to March 2031. This will be followed by payments of Rs 100 crore per year for four years from March 2032 to March 2035.
The balance AGR dues will then be cleared in equal annual instalments over six years from March 2036 to March 2041.
Vodafone Idea also said the DoT will constitute a committee to reassess the AGR dues, and the committee’s decision will be final. After the reassessment, the revised AGR amount will be repaid in equal annual instalments between March 2036 and March 2041.
The development is expected to remain in focus for investors, given Vodafone Idea’s stretched balance sheet and the critical role AGR relief plays in its long-term financial stability.
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January 09, 2026, 09:50 IST
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