Bitcoin Prices Look Volatile After News of India Ban

[Altcoin1998$]

Bitcoin prices dropped from approximately $60,000 to less than $56,000 in a matter of hours.
India's looming ban on cryptocurrency may have been one factor that affected prices early Monday morning.
Other factors include transfers concerning the Gemini exchange and mass liquidations of long orders.source

[TomPluz]

The correction right now remains healthy for Bitcoin and even the rest of the cryptocurrency marketplace. Of course, in every dip people will be looking for reasons to blame it on and so this time we are seeing the bad news coming from India affecting the sentiment of the whole market. India should have been a very big player in the cryptocurrency market and it can be a big loss if the government will eventually ban cryptocurrency in general and it can be hard for an ordinary guys based in India to get into cryptocurrency.