bitcoin drops as indian banks suspend cryptocurrency trading accounts
cryptocurrency exchange accounts are having a hard time in india
bitcoin's skyrocketing price has been seeing a decline gradually ever since 2018 has started last week it faced a severe blow when its price dropped to $10,000 the cryptocurrency observed another drop in value recently when various banks across india strated crackdown against cryptocurrencies trade. bitcoin which was trading at $12,800 on staurday dropped to $12,000 and is trading below $11,600 as of writing
on Friday, various big names of the banking sector of india including state bank of india SBI axis bank hdfc bank icic bank and yes bank have taken strict actions against crypto exchanges according to the local reports all of these banks have either suspended accounts of the cryptocurrency exchanges or have intensely limited the functionality of these accounts the report indicated that banks have been observing suspicious transactions from these accounts
Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
we are facing another big crash
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
yes we all facing
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
no one can judge btc
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
@jamessmith0 its such a shame 2018 is the year the masses should begin some serious adoption but we are being hit day after day by governments trying to shut us down!
The futures market also is a double edged sword as the whales are pumping and dumping millions. buying millions if not billions the betting on the price to drop before taking all there shares out so they don't lose a dime and make huge gains betting against bitcoin!
But in my opinion they will buy billions again but this time bet for it to go up instead of down, its total manipulation on their part but why wouldn't they its practically a blank check for them, I assume they will continue this strategy but with every dump there will follow a huge pump so it will push the price up over the long run! Its just scary for everyday people hearing fud after fud and seeing huge price drops! Time will tell! Great post followed upvoted and resteemed! Peace and Love my friend!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Dont know much ...but many south asian countries are implementing strict rules in crypto currencies. Country like Nepal has alredy banned it.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit