The recent crash in bitcoins has been due to the ban on Bitcoins by the RBI that is the authority controlling all the banks that run in India.
Crash? What crash?
The crash from 6500 to 7050?
One should remember the fact that it's Not China ! They are not living in a dictator's rule and for the sake of bitcoins they need to stand up against this decision.
Yes, everybody knows that it's India not China.
That's why the markets didn't move, because India has no effect on the bitcoin environment.
None.
No big exchanges, no mining farms, no equipment manufacturers, no nothing.
Not even bitoin nodes.
38. India (25)
39. Slovenia (24)
Bottom line, nobody is panicking!