Not it is just under $7000 still much higher than $3500. People don't read and freak out. India was not going to ban bitcoin or crypto just illegal use of it and that goes with most things but people freak out. Then the thing with the finance minister and Korea and China always causing a stir.
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Exactly, there is nothing to panic. As we saw the bitcoin went up so much in December just due to the demand, now it is stabilizing, and more and more countries are recognizing it as a currency. It is not over, and as banks seeing a opportunity they will try to make sure it is not over