Recent utterances from India's finance minister seem to have stricken fear in the entire cryptocurrency world. Utterances and
government decisions from these countries seem to have massive effects on cryptocurrencies. What's the way forward for cryptos, especially bitcoin without these countries.
As a result, nothing concrete has happened, the price is being restored though slowly. But they showed that they can affect the price, which is not very good of course. I think any country that plays a big role in the financial market can affect the prices of cryptocurrencies, and currencies in general.