Most coins were down 25% in just hours as the NEWS came out government plans to ban all private CryptoCurrency
Massive crypto crash in India.
Most coins are down 25% in just hours as plans to ban all private crypto
India has just released the agenda of the parliament session, where it seeks to ban all "private" cryptocurrencies.
As soon as the news broke out, many are trying to sell and exit and the market has crashed 25% in a matter of minutes.
Many are facing massive losses as a result.
Massive crashes all across the board
Most coins are down anywhere from 15 to 25%.
Altcoins have been impacted the most.
Even stable coins have crashed by 10% as people are selling them for INR.
Late Hours Update: The crash has got worse by all means.. some coins are down as much as 40%!
Literally, nothing has been spared, every single coin has been crushed.
-41% down!
Going by social media posts, it seems a lot of people have sold at huge losses.