Basically because of this:
India's Finance Minister Arun Jaitley said the country wants to "eliminate" the use of digital currencies in criminal activities, signaling tighter regulation in the country.
Hmmm. So thats the reason why bitcoin is getting down. There are already some people taking advantage in bitcoin and using it to illegal activities. Just as I thought this was already happening.
But can I ask what is the effect of "eliminating the use of digital currencies in criminal activities, signaling tighter regulation in the country." To bitcoin to make it go down? Is this has something to do with it?