TL;DR Breakdown
The global crypto market has seen a recessive trend for a lasting while, and the Indian market faces the same problem. India’s too restrictive policies and the role of the Reserve Bank of India have led to a downturn in the market for crypto exchanges. The changes in the Indian crypto market are evident from the drop of 95% in the value of WazirX, a growing cryptocurrency exchange.
The global crypto market especially crypto exchanges have seen a downturn in value as the gains have lowered. The changes have resulted in the loss of more than half of its value in the global market cap. The changes were not limited to any specific country or market. Instead, they extended to the different parts of the world. The result was a rush of sell-offs affecting the value of various coins. India didn’t do anything to help investors in the gravest times. Instead, it has gone for crushing taxes and restrictions.
The results of these restrictions and taxes have begun to appear as...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...