Banks in India are cracking down on accounts connected to crypto exchanges, causing the dip. But distributed exchanges are only a few months away. Impossible to crack down on.
Banks in India are cracking down on accounts connected to crypto exchanges, causing the dip. But distributed exchanges are only a few months away. Impossible to crack down on.
That's how the price is manipulated. Demand for bitcoin is lowered because people are restricted from exchanges.
I stopped relying on exchange for price discovery. Bitcoin is already 1M for me as I refuse to sell for anything lower than that.
