After the reports which stated that the Indian Government might ban the trading of cryptocurrency in India, the crypto market in India had a huge dip in its trading price. The price of popular cryptocurrency Bitcoin dropped by 25.51 per cent that reducing its value to $46,601 in the Indian crypto exchange market.
The prices of Bitcoin also dropped in the international market, but Bitcoin managed to keep it close to $50,000. Along with bitcoin, other cryptocurrencies were also affected in both markets.
Ether dropped by 20.83 per cent after the reports, trading itself at $3,622. The whole cryptocurrency market saw a dip in their prices after the reports of India banning cryptocurrency came around. Cryptocurrencies like Tether, Cardona, USDCoin, Dogecoin, etc. saw a dip in the market.
