Skip to content

Real Cryptocurrency Hub

Crypto Comeback Pro is an auto trading platform that allows you to invest in the crypto market and start making money right away. Sign Up HERE

  • Home
  • Start Trading
  • English
    • English
    • Español
    • Italiano
    • Polski
    • Svenska
    • Deutsch
  • News
  • Mining
  • ATM
  • Bitcoin (BTC)
  • Guides
  • How To’s
  • Exchange/Wallet
  • Brokers
  • Bitcoin Price Prediction
  • Home
  • Blog
  • The Lucrative Volatility: Indians Venture in Bitcoin
  • Bitcoin (BTC)
  • Blog
  • Crypto News

The Lucrative Volatility: Indians Venture in Bitcoin

Lucas Duffy May 23, 2021 2 min read

You will agree that cryptocurrency investors have had challenging times over the past week. If you have invested in Ethereum or Bitcoin, you probably understand what I mean.

Keep in mind that the recent market volatility has sent most cryptocurrencies tumbling since last week. For instance, BTC is now hovering at $37,000, after achieving new highs of around $60,000 some weeks ago. Most crypto traders are not sure as to which move to make next. No one knows for sure. However, industry professionals advise you to stay invested and think about long-term investment to get through unpredictable moments. Also, keep in mind that it’s the nature of crypto space to witness volatility.

Despite the high market fluctuations, Indians are adopting cryptocurrencies like Bitcoin in high numbers. According to sources, the nation has several crore cryptocurrency investors at the moment. The many domestic exchanges can be what is attracting the high number joining the crypto market each day.

Keep in mind that this comes after RBI (Reserve Bank of India) is skeptical about crypto investments. Indians view digital coins as the 21st-century asset class.

ZebPay CEO Rahul Pagidipati said that investors in the country changed their views on cryptocurrencies. Indians are now taking crypto activities as long-term investments.

The executive also stated that the country’s crypto adoption would benefit the economy. Moreover, he expects the government and more institutions to recognize investing in virtual coins.

In 2018 April, the RBI banned financial institutions from interacting with individuals involved in cryptocurrency dealings. However, the Supreme Court lifted the ban in 2020 March, allowing banks to accomplish crypto transactions from exchanges and traders. That was a relief to the cryptocurrency enthusiasts.

Stakeholders enjoyed a further respite after Nirmala Sitharaman, a Finance Minister announced that the country is open for cryptocurrency undertakings in March 2021.

Early in May, Shaktikanta Das, RBI Governor, announced that the bank had highlighted some cryptocurrency concerns to the Indian government.

Such concerns follow BTC’s 40% drop after reaching its highest price.

ZebPay Co-CEO Avinash Shekhar advises crypto investors to research in detail whenever they want to invest in cryptocurrencies like Ethereum and Bitcoin.

Indians are aggressively buying Bitcoin in large numbers at the moment.

Post Views: 345

Continue Reading

Previous: Paul Krugman Lay Down His Arms against Bitcoin & Says “Bitcoin Will Stay”
Next: South Korean Central Bank Aims to Establish Its First Cryptocurrency i.e. CBDC

Related Stories

Terra Experienced a 23.67% Price Plummet and May Dip to $32.36, Price Analysis
2 min read
  • Altcoins
  • Crypto News
  • Price Analysis
  • Terra (LUNA)

Terra Experienced a 23.67% Price Plummet and May Dip to $32.36, Price Analysis

May 15, 2022
ShibaInu Experiences a 17.17% Surge but Still Far from Bullish Trend
2 min read
  • Altcoins
  • Crypto News
  • Price Analysis

ShibaInu Experiences a 17.17% Surge but Still Far from Bullish Trend

May 14, 2022
Price Analysis of extraDNA (XDNA), Maneki-neko (NEKI), and Gleec (GLEEC)
2 min read
  • Altcoins
  • Crypto News
  • Price Analysis

Price Analysis of extraDNA (XDNA), Maneki-neko (NEKI), and Gleec (GLEEC)

May 13, 2022

Read our disclaimer

Name Price24H (%)
bitcoin
Bitcoin (BTC)
$29,684.00
-1.58%
ethereum
Ethereum (ETH)
$2,006.05
-3.21%
tether
Tether (USDT)
$1.00
0.17%
usd-coin
USD Coin (USDC)
$1.00
0.20%
binancecoin
BNB (BNB)
$296.23
-1.20%
ripple
XRP (XRP)
$0.418287
-1.68%
cardano
Cardano (ADA)
$0.56
1.92%
polkadot
Polkadot (DOT)
$10.61
-1.50%
dogecoin
Dogecoin (DOGE)
$0.087611
-1.32%
Uniswap
Uniswap (UNI)
$5.03
-3.61%

Recent Posts

  • Terra Experienced a 23.67% Price Plummet and May Dip to $32.36, Price Analysis

    Terra Experienced a 23.67% Price Plummet and May Dip to $32.36, Price Analysis

    At the time of writing, the buyers are trying to defend a low trading price of Terra (LUNA)
  • ShibaInu Experiences a 17.17% Surge but Still Far from Bullish Trend

    ShibaInu Experiences a 17.17% Surge but Still Far from Bullish Trend

    If you are into the meme coins then it goes without saying that you are well aware of
  • Price Analysis of extraDNA (XDNA), Maneki-neko (NEKI), and Gleec (GLEEC)

    Price Analysis of extraDNA (XDNA), Maneki-neko (NEKI), and Gleec (GLEEC)

    Time to go through the price analysis of extraDNA, Maneki-neko, and Gleec. The reason behind their price analysis
  • Price Analysis of Gera Coin (GERA) and CouponBay (CUP)

    Price Analysis of Gera Coin (GERA) and CouponBay (CUP)

    Gera Coin and CouponBay have reportedly experienced huge rallies in the past 24-hours. Both Gera Coin and CouponBay
  • Price Analysis of Meta Course (COURSE), CroNodes (CRN), and Stabledoc (SDT)

    Price Analysis of Meta Course (COURSE), CroNodes (CRN), and Stabledoc (SDT)

    Meta Course (COURSE) – 190.73% Surge The trading price of Meta Course was reportedly at a low of

Start Trading

Categories

Top Posts

  • After an Alarming 36.24% Plunge in Past 30-days, Things are Looking Bright for Shiba Inu

    After an Alarming 36.24% Plunge in Past 30-days, Things are Looking Bright for Shiba Inu

    Just as Dogecoin (DOGE) rose to fame, it also managed to provide support for another meme coin that
  • Chinese Lotto Company 500.com Overtakes Btc.com in an Acquisition

    Chinese Lotto Company 500.com Overtakes Btc.com in an Acquisition

    A Chinese company, namely 500.com, involved in the business of sports lottery and who is also registered publicly
  • New WordPress Plugin Enables Publishers to Earn ETH

    New WordPress Plugin Enables Publishers to Earn ETH

    Interacting with Ether is now possible for WordPress publishers, as a new plugin for one of the top
  • Joe Exotic Has Joined Crypto Community and Launched Tiger King Coin (TKING)

    Joe Exotic Has Joined Crypto Community and Launched Tiger King Coin (TKING)

    The release of several meme coins in the last few months has caused the launch of Joe Exotic’s
  • Another Major Shipment of Bit Mining’s Mining Rigs Sent off into Kazakhstan

    Another Major Shipment of Bit Mining’s Mining Rigs Sent off into Kazakhstan

    Since Bit Mining has earmarked Kazakhstan to be the next place where it would be establishing headquarters, the

Archives

You may have missed

Terra Experienced a 23.67% Price Plummet and May Dip to $32.36, Price Analysis
2 min read
  • Altcoins
  • Crypto News
  • Price Analysis
  • Terra (LUNA)

Terra Experienced a 23.67% Price Plummet and May Dip to $32.36, Price Analysis

May 15, 2022
ShibaInu Experiences a 17.17% Surge but Still Far from Bullish Trend
2 min read
  • Altcoins
  • Crypto News
  • Price Analysis

ShibaInu Experiences a 17.17% Surge but Still Far from Bullish Trend

May 14, 2022
Price Analysis of extraDNA (XDNA), Maneki-neko (NEKI), and Gleec (GLEEC)
2 min read
  • Altcoins
  • Crypto News
  • Price Analysis

Price Analysis of extraDNA (XDNA), Maneki-neko (NEKI), and Gleec (GLEEC)

May 13, 2022
Price Analysis of Gera Coin (GERA) and CouponBay (CUP)
2 min read
  • Altcoins
  • Crypto News
  • Price Analysis

Price Analysis of Gera Coin (GERA) and CouponBay (CUP)

May 12, 2022
  • Kraken
  • OrbitGTM
  • Fxoro
  • BTC-Trends
  • KuCoin
  • Huobi
  • Bitfinex
  • PrimeXBT
  • United Exchange
  • Impressive Area
  • DG Flex
  • Tredexo
  • Sure Exchange
  • CTmatador
  • DXCBIT
  • IBC Exchange
  • CryptoPayIn
  • PrimeHolders
  • CMC Markets
  • XCGIN
  • Globe Exchange
  • XPRTcoin
  • Mainrow
  • Goldvence
  • Gamma Capitals
  • Towards Soure
  • CoinsMarkets
  • Cryptos Circus
  • Easy Crypto4U
Copyright © All rights reserved. | DarkNews by AF themes.
  • bitcoinBitcoin(BTC)$29,684.00-1.58%
  • ethereumEthereum(ETH)$2,006.05-3.21%
  • tetherTether(USDT)$1.000.17%
  • usd-coinUSD Coin(USDC)$1.000.20%
  • binancecoinBNB(BNB)$296.23-1.20%
  • rippleXRP(XRP)$0.418287-1.68%
  • cardanoCardano(ADA)$0.561.92%
  • SolanaSolana(SOL)$53.491.85%
  • polkadotPolkadot(DOT)$10.61-1.50%
  • dogecoinDogecoin(DOGE)$0.087611-1.32%
  • bitcoin-cashBitcoin Cash(BCH)$200.91-2.20%
  • UniswapUniswap(UNI)$5.03-3.61%