Let's read it correctly. @zer0hedge
The latest bout came from misinformation from India that had an impact on the markets where it provoked a simple state of misunderstanding, further panic.
As the mainstream media rushed to get the news, the government's speech on the organization was apparently misinterpreted. Where the text of the declaration concerned from the Minister of Finance "Aaron Gaitley":
"The government does not recognize digital currencies as an official legal currency, and will take all measures to eliminate the use of these digital assets in financing illegal activities or as part of the payments system."
However, this was misinterpreted to the following: "Arun Getley has just killed a digital coin collection in India," through an article "Quartz" on the subject.
The statement states that regulators in India aim to eliminate the use of digital currencies to finance illicit activities, but have avoided referring to the full legitimacy of digital currencies.
The world needs good news
There can be no doubt about the strength of persuasion and the extent of the impact of bad news on the market especially in speculation as is the case with bitcoin. To this end, more bad news, be it fake, real, old or late, affects already fragile trust, and the damage becomes exaggerated.
Many hope for one positive news to erase all the damage done to the digital currency, and so the market reacts in this way. However, what this news is still a mystery.