It's not good news, but it's also not good reason for such drama.
People in India don't have much money to dramatically influence the price of Bitcoin. Countries in Europe, in the other hand, have much more influence over the price of Bitcoin, because there are the investors with much higher purchasing power.
Sad to say,but we have to accept it because that's reality.All we can do now after that announcement in india are to stay positive and don't panic.Even critics call cryptocurrencies a speculative mania that will end in tears for thousands of retail investors. And some say that the price volatility is a distraction from the value of the underlying technology, which will transform the way money is stored and transferred and upend conventional banking.We hope that after this,in the future there are no other banning announcements and news like what happened in india.