KEY HIGHLIGHTS
- Bitcoin shot past $93,000 after Vanguard reversed its crypto ETF ban.
- Over **$200 billion** (₹16.7 lakh crore) added to crypto market cap in 36 hours.
- Altcoins also rallied as institutional demand jumped sharply.
Crypto investors woke up to a proper “What?” moment as Bitcoin smashed through $93,000.
And the crazy part? The global crypto market added $200 billion in barely a day and a half.
A big part of this surge comes from one shock move — Vanguard finally scrapped its Bitcoin ETF ban. This one U-turn sparked a chain reaction across US markets.
Market Impact in a Nutshell
| Factor | What Happened | Impact on Price |
|---|---|---|
| Vanguard policy reversal | Allowed trading of BTC, ETH, SOL ETFs | Triggered fresh institutional buying |
| Bank of America advisory | 15,000+ advisers allowed to recommend crypto | Wider public access, high confidence |
| Short liquidations | Over $360 billion liquidated | Forced buying pushed BTC up further |
| ETF trading volume | Spot BTC ETF volume hit $5.1 billion | Massive liquidity boosted prices |
| Macro outlook | Rate-cut hopes in US | Positive sentiment for risky assets |
Why Bitcoin Rebounded After Falling Below $84,000
Just a day earlier, BTC dipped below $84,000, spooking investors.
But within 24 hours, it bounced nearly 7%, reaching around $92,964.
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Source: tradingeconomics.com
Experts point to three big reasons:
- Vanguard lifting its ETF ban
- Bank of America giving a green light to 1–4% crypto exposure
- Hopes of a US December rate cut
This combination opened the doors for lakhs of new investors through regulated products.
The “Vanguard Effect” Everyone Is Talking About
ETF analyst Eric Balchunas called the price spike the “Vanguard Effect.”
For years, Vanguard stayed anti-crypto, calling Bitcoin “speculative” and “not fit for long-term portfolios.”
Now the company has:
- Opened access to Bitcoin ETF, Ether, XRP, Solana, and more
- Allowed regulated crypto mutual funds
- Triggered massive institutional inflows in just hours
Even Balchunas admitted the demand was “pent-up” and waiting for this move.
BlackRock’s IBIT ETF Explodes With Record Volumes
Within 30 minutes of Wednesday’s US session:
- BlackRock’s IBIT ETF crossed $1 billion in trading volume
- Within two hours, this jumped to $1.8 billion
That’s the kind of volume that can tilt the entire market.
And it clearly did.
Key BTC Levels India Investors Should Watch
Analysts say BTC is stabilising, but two levels matter now:
- Support: $90,000
- Resistance: $92,500
A clean breakout above this zone could push Bitcoin towards $94,000–$95,000 soon.
Altcoins Join the Party
Altcoins didn’t stay quiet either.
Across exchanges, top coins surged yesterday:
- Ethereum above $3,000
- XRP near $2.2
- Solana around $140
- Dogecoin above $1.46
The biggest gainers were:
- Pudgy Penguins: +27.88%
- Sui: +20.94%
- SPX6900: +18.36%
- Pump.fun: +17.77%
A few coins dipped — like Zcash (–8%) and Dash (–3%) — but overall sentiment improved sharply.
Why the Crypto Market Added ₹16.7 Lakh Crore in 36 Hours
Here’s the asli reason behind the madness:
- Spot BTC ETF volume crossed $5.1 billion
- Short traders lost over $360 billion
- Crypto market added $160+ billion in 24 hours
- Bank of America officially recommends 4% Bitcoin allocation
- Rate-cut hopes from US leadership boosted momentum
If this continues, analysts say BTC may again flirt with the $100,000 mark soon.
