The news about India,
I think, didn't affect the price heavily but it's still more on the market movers who decided to join the wave of the bad news in order to create some sort of panic for other people to sell their bitcoin. Furthermore, though India is one of the largest countries in terms of population, still only a few of their citizens are utilizing bitcoin compared to the whole population. Usage and adoption also, IMO, stagnated in India and what happened on the slight crash, I attribute to the traders who know how to move the market and how to ride these kind of news to their favor.
Contributing 18%to world's population, India should have had a huge impact on BTC. But many people aren't aware of these coins or Blockchain tech. Few of them who have invested in BTC are in trouble because BTC trading was announced recently by their finance minister.
Yep, but the numbers aren't lying; a large portion of India's population is still included below the poverty line and only a few people in there have been really utilizing bitcoin and crypto to its fullest extent.