bitcoin price has plunged by about $25billion in the past 24 hours and the cryptocurrency looks set to suffer another disappointing day on the markets. But why is bitcoin (BTC) falling today?
Bitcoin in India: Has India just destroyed Bitcoin? Will BTC crash? Bitcoin price BOOST: 'Growing pains!' Bitcoin crash is 'HEALTHY'.The drop followed comments made by Indias Minister of Finance, Arun Jaitley, that the Indian government does not consider cryptocurrencies legal tender or coin and will take all measures to eliminate use of these crypto-assets in financing illegitimate activities or as part of the payment system.
I can say that India are not banning bitcoin, only not considering bitcoin as payment system. People are scare then they sold bitcoin in lose.