What Is Happening With Bitcoin/ XRP / India Regulation Not Ban In Crypto!

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maher.nasry
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Here’s what’s happening with bitcoin
It’s been a volatile few months for bitcoin. On Jan. 9, it surged past $40,000 a coin but has since fallen sharply from its record high. Skeptics worry bitcoin is in a bubble, but Wall Street giants such as Citi and JPMorgan think the cryptocurrency still has a lot of room to run higher.
XRP has crashed hard from two-month highs reached early Monday, with a planned community buying effort failing to yield desired results.

The cryptocurrency is trading near $0.42 at the time of writing – down 40% from the high of $0.75 reached at around 11:10 UTC, according to CoinDesk 20 data.

A coordinated buying effort by some 200K members of the two-day-old Telegram group called “Buy & Hold XRP” at 08:30 EST was supposed to push the cryptocurrency to higher resistance levels. Instead, XRP pulled back from $0.75 to $0.60 ahead of the crowd buying and extended losses to $0.40 after 08:30 EST.
@India Regulation Not Ban In Crypto
“We believe these are two important and distinct subjects,” said Naveen Surya, chairman emeritus at Payments Council of India. While bringing in a central bank digital currency could be a tool for expansion of the digital payment industry, “banning of private cryptocurrency is a separate subject…”, he said.

Regulation, Not Ban

“It deems a look by a separate committee and should be reviewed in detail,” Surya said. The cryptocurrency industry has long been seeking regulation of the digital asset, arguing against a ban.
#btc #xrp_news #india_ceypto
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Crypto Trading
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