Foreign Press: Investors in India have been wait-and-see as the cryptocurrency market declines.
According to 22nd news, the global cryptocurrency market capitalization fell 13.5% in the past 24 hours, reaching $1.6 trillion. Some, like the president of El Salvador, see it as another opportunity to buy 410 bitcoins for $15 million. Others, like cryptocurrency traders in India, have been more cautious. A report from the Financial Times of India, citing data from industry sources, shows that Indian cryptocurrency traders and traders' purchases have fallen over time, which compares to the last time the market was inactive. . Specifically, according to the new Coinshares report, the market saw investment in digital assets for the fifth consecutive week. While the report believes negative sentiment has cooled, earnings last week hit a record $73 million. Nischal Shetty, co-founder of WazirX, said: “Buying is significantly lower than it was a few months ago. But that has a lot to do with the global crypto industry than India. ." May takes a "wait and see" approach. (AMBC encryption)
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