Crypto Outlook India (Feb 9, 2026): Bitcoin ₹53 Lakhs & The AI Token Rally

Crypto Outlook India (Feb 9, 2026): Bitcoin ₹53 Lakhs & The AI Token Rally

Monday, February 9, 2026 — Indian crypto exchanges are seeing a surge in volume as global markets recover. Bitcoin has successfully reclaimed the ₹53 Lakhs mark on WazirX and CoinDCX, bringing relief to Indian investors who bought the top in late 2025.

Bitcoin INR Levels

The rupee's slight depreciation against the dollar is amplifying gains for Indian holders.

1. Current Support: ₹51 Lakhs. This level must hold to maintain the bullish structure.
2. Immediate Resistance: ₹62 Lakhs. A breakout above this level is needed to confirm a trend reversal.
3. The "Danger Zone": A drop below ₹44 Lakhs would be catastrophic, likely triggering stop-losses across the board.

The AI Narrative in India

Indian traders are heavily rotating into AI-themed tokens, mirroring the global "MoltBook" craze.

1. Trending Tokens: Fetch.ai (FET), SingularityNET (AGIX), and new speculative "Agent" coins are dominating volume on Indian exchanges.
2. Caution: Many new AI tokens listed on DEXs are extremely volatile. Due to the 1% TDS on every sell transaction, "scalping" these coins is highly tax-inefficient in India.

Tax Reality Check: The 30% Hurdle

Before you FOMO into the latest AI coin, remember the math:

1. 30% Flat Tax: Any profit is taxed at 30% + surcharge.
2. No Loss Set-off: Losses in one coin cannot offset gains in another.
3. Strategy: The Indian tax regime favors long-term holding over high-frequency trading. Focus on accumulating "blue-chip" AI infrastructure tokens rather than chasing meme pumps.

Conclusion

The market is giving us a second chance at entry. Bitcoin at ₹53L is a decent accumulation zone for a 3-5 year horizon. However, for speculative AI plays, ensure your potential upside is at least 2x to justify the tax risk.

Tax Tool: Confused about how to categorize your AI token airdrops? Use our ITR Category Finder to stay compliant.