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Bitcoin Crash 26 Percent After Modi Government Cryptocurrency Bill Ban On Private Cryptocurrencies – Bitcoin Down 26% On Wazirx

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News Desk, Amar Ujala, New Delhi

Published by: Kumar Sambhav
Updated Wed, 24 Nov 2021 08:47 AM IST

Summary

The price of bitcoin, the number one coin in the crypto market, also fell by up to 26 percent. Apart from this, the rest of the coins also collapsed badly. The prices of all these have come down by 25 to 30 per cent.

symbolic picture
– Photo : Social Media

Cryptocurrency, which is being called the currency of the future, has suffered a major setback after the Modi government’s big announcement. In fact, on Tuesday (23 November) night came the news of a bill being introduced in the Parliament to ban all private cryptocurrencies in India. Shortly after this the crypto market exploded. Even the number one coin of the crypto market, bitcoin, saw a decline of up to 26 per cent. Apart from this, the rest of the coins also collapsed badly. The prices of all these have come down by 25 to 30 per cent. All the digital platforms that facilitate the transaction of cryptocurrencies are currently trading on the red mark.

Expansion

Cryptocurrency, which is being called the currency of the future, has suffered a major setback after the Modi government’s big announcement. In fact, on Tuesday (23 November) night came the news of a bill being introduced in the Parliament to ban all private cryptocurrencies in India. Shortly after this the crypto market exploded. Even the number one coin of the crypto market, bitcoin, saw a decline of up to 26 per cent. Apart from this, the rest of the coins also collapsed badly. The prices of all these have come down by 25 to 30 per cent. All the digital platforms that facilitate the transaction of cryptocurrencies are currently trading on the red mark.

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