Crypto crisis in india

Cryptocurrencies have seen a broad sell-off today with all very much down, including bitcoin which fell some 7% while ethereum dropped 11%.

That’s while global crypto trading volumes are slightly up to $14 billion, with bitcoin once more managing above $4 billion in the past 24 Crypto prices in India are considerably lower, with bitcoin’s price being lower by some $500 in India earlier today but currently some of the gap seems to have closed presumably due to arbitrage:.ZebPay, India’s biggest and only listed exchange on CoinMarketCap to offer crypto to indian rupee trading, told their 3 million users to basically withdraw their fiat.

The exchange is challenging a Central Bank order preventing commercial banks from dealing with crypto exchanges with a Supreme Court hearing to be held on the 20th of July.