The overall global cryptocurrency market has been under tremendous pressure due to China’s aggressive crackdown in the recent past, however, the experts cited ‘Death Cross’ on technical chart as the major reason behind recent correction.
Bitcoin and Ethereum gained 4.31% and nearly 2 per cent respectively during the afternoon trade today.
In India, apprehensions related to trading in cryptocurrencies continues with the RBI maintaining its 2018 position despite the Supreme Court structing down its order that advised banking and NBFCs against dealing in crypto business.