Cryptocurrency Market falls again after some positive price movement. It is believed that Indian banks are critical about cryptocurrency particularly Bitcoin. As a result, Top bank from India shutdown accounts related to cryptocurrency exchange. All the major bank unilaterally took this decision.

• Yes Bank
• State Bank of India
• HDFC bank

are among the top bank in India took this decision.

As a result, the market reacts negatively. Especially, Bitcoin price plummets. When Bitcoin price falls, All of the cryptos also follow the same path. If you look at coinmarketcap data, You will see red is dominating the chart.

Currently, the total market cap is $550 billion. Every day new news especially negative news, Market reacts negatively. Investors lose money.

What do you think? Why market reacts negatively?

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