Try GOLD - Free
Cap crypto exposure at 2-5% of portfolio to manage risk
Business Standard
|July 24, 2025
Bitcoin surged to an intraday peak of $123,153.22 on July 14 and is now trading at around $118,000—a rise of about 25 percent since January.
Bitcoin surged to an intraday peak of $123,153.22 on July 14 and is now trading at around $118,000—a rise of about 25 percent since January. Indian investors, who led the 2024 Global Crypto Adoption Index by Chainalysis, a New York-based blockchain data and analytics firm, must avoid getting carried away by the euphoria in this market.
Drivers of the rallyStronger regulatory signals from the Donald Trump administration and progress in US crypto legislation are driving institutional interest. "The GENIUS (Guiding and Establishing National Innovation for US Stablecoins) Act officially became law, while key Bills like the Clarity Act and Anti-CBDC Surveillance Act made progress through the House Rules Committee," says Ashish Singhal, cofounder, CoinSwitch.
This story is from the July 24, 2025 edition of Business Standard.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Business Standard
Business Standard
Two-wheeled war hero rides into sunshine
Everything about Norton Motorcycles spells big. Among a handful of iconic, instantly recognisable bikes, with a storied history to boot, it roars on to a new future today under its Indian owners
5 mins
November 04, 2025
Business Standard
India's incomplete Odyssey
BOOK REVIEW
3 mins
November 04, 2025
Business Standard
State to acquire over 56K acres in Bundelkhand for development
The Uttar Pradesh government recently approved the acquisition of 56,600 acres of land for the development of the Bundelkhand region.
1 min
November 04, 2025
Business Standard
Jaipur’s decentralised solar panel plants now at 121 with 5 additions
Five decentralised solar power plants with a combined capacity of 9.28 megawatts (Mw) were installed in Jaipur district last week, which are expected to benefit over 1,300 farmers, a state government official said.
1 min
November 04, 2025
Business Standard
Extended rains may hit rural consumption: AWL Agri Biz top execs
Extended rains could have an impact on rural consumption as this has dented farmers financially in many parts of the country, according to AWL Agri Business (formerly Adani Wilmar).
2 mins
November 04, 2025
Business Standard
Employment is the path to Bihar youth’s homecoming
At his rally in Samastipur on October 24, Prime Minister Narendra Modi had said the National Democratic Alliance (NDA) had delivered the internetto every village at the lowest cost across the world.
3 mins
November 04, 2025
Business Standard
Smartworks rents 815,000 sq. ft office space from Hiranandani Group
Smartworks Coworking Spaces on Monday announced it has leased 815,000 square feet (sq. ft) of office space in Mumbai’s Eastbridge campus on rent from Hiranandani Group to establish the biggest managed workspace campus in the world.
1 min
November 04, 2025
Business Standard
Tales from the road
Investor sentiment towards India has cooled, but the lack of interest could be a contrarian positive signal
4 mins
November 04, 2025
Business Standard
Centre must cushion all DAP losses; long-term deals offer stability: Industry
‘The central government has increased the subsidy on phosphatic fertilisers for the second half of 2025-26 to offset the rise in prices. Despite this, companies importing diammonium phosphate (DAP) could still face losses of around %900 per bag, as the landed price remains higher than the subsidy announced.
1 mins
November 04, 2025
Business Standard
Viksit Bharat needs a clean system
Tales of corruption from almost every part of India appear regularly in both mainstream and social media. Consider a few examples:
3 mins
November 04, 2025
Listen
Translate
Change font size