Bitcoin, Ripple and Ethereum suffer price drop after Indian cryptocurrency ban announcement
The price of Bitcoin has nosedived by 11 percent today to its lowest point since November 2017 amid a growing backlash against cryptocurrency trading. This dramatic drop came after India announced a ban on the buying and selling of virtual currences. Since the beginning of 2018, the value of the world’s largest cryptocurrency plunged by almost half in a ‘bloodbath’ which saw £31 billion shaved off the total value of the market.
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