cryptocurrency: #CryptoCrash, but Indian investors are still bullish on bitcoin

June 24, 2021 admin Cryptocurrency News 0

A 20-40% dip in cryptocurrency prices over the last week may have egged on Indian investors to “buy the dip”, in the belief that the fundamentals of bitcoin remain strong.

Synopsis

Indian cryptocurrency investors flocked CoinSwitch Kuber and WazirX after the latest bitcoin price crash, so much so that cash deposited at local crypto exchanges witnessed a 250% and 60% increase, respectively.

Mumbai: Indian cryptocurrency investors are betting on the nascent industry even as investors and experts ruminate on whether the market has entered a bearish phase or not.

A
drop in cryptocurrency price by 20-40% between June 15 and June 22 may have egged on Indian investors to ‘buy the dip’ or average down their investments in the belief that the fundamentals of bitcoin and other major tokens remain strong.

Tiger Global-backed crypto

BY

ETtech

5 mins read, Last Updated:

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