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Behind Bitcoin's recent slide: Imploding bets and forced liquidations

Behind Bitcoin’s recent slide: Imploding bets and forced liquidations
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(REUTERS)
Alexander Osipovich,
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Bitcoin’s rally appears to be running out of steam, at least for now.
The digital currency dropped again Friday, briefly falling below $50,000 a decline of more than 20% from its record of $64,829 on April 14.
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Bitcoin’s high coincided with the stock-market debut of Coinbase Global Inc., the biggest U.S. cryptocurrency exchange. The two events marked the pinnacle of a heady rally for cryptocurrencies that began last year. Bitcoin’s price more than tripled in 2020 and doubled to start 2021 before slipping. ....

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India is set to ban Bitcoin, Dogecoin and other crypto money with move that targets miners and traders

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India is set to ban Bitcoin, Dogecoin and other crypto money with move that targets miners and traders
The uncertainty around cryptocurrencies in India continues as the government is now planning to propose a new law which will not only ban digital money but will also fine anyone trading in the country or even holding such digital assets.
Manas Tiwari | March 15, 2021 | Updated 14:11 IST
The government has been planning been an action against cryptocurrencies for past few months.
Highlights
Action will be taken against crypto investors.
Investors likely to get six month window to liquidate assets.
The uncertainty around cryptocurrencies in India continues as the government is now planning to propose a new bill which will not only ban digital money but will also fine anyone trading in the country or even holding such digital assets. This will impact Bitcoin, Dogecoin and other crypto money investors. The new bill proposes to criminalise posses ....

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