Bitcoin drops 10% after Indian government proposes new crypto ban
The global crypto market cap is $1.72 trillion with a 24-hour volume of $152.47 billion. The price of Bitcoin is $56,285.29 and the BTC dominance is at 61.2%.
Author: José Oramas
Today, Bitcoin dropped more than 10% after the Indian government proposed legislation for banning Bitcoin, according to Reuters. The government already had plans to ban cryptocurrencies since January — but now it’s become clear that the goal is to strictly regulate profiting with Bitcoin, which includes holding or trading.
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