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Crypto prices are plummeting in India as the country mull as ban on digital assets — and its creating an opportunity for savvy investors
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Cryptocurrencies dropped in India Wednesday morning as the country mulled a crackdown on digital assets — and its opened up opportunities for witty investors.
According to a Bloomberg article, shiba inu coin and dogecoin sunk more than 20% on the WazirX crypto exchange in India while on Binance and Kraken, they were relatively unaffected. Bitcoin, for its part, dropped 14% on WazirX and just 0.5% on Binance, the article said. Tether, a stablecoin, also sunk on the exchange while remaining steady elsewhere, Coindesk reported.
A proposed law in India is seeking to ban all private cryptocurrencies, likely causing the price declines on the local exchanges.
The price drops opened up an opportunity for investors to buy the
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