Crypto Today: Bitcoin Crashes, Indian Regulator Warns & What It Means
1. Bitcoin Nears 30% Drop From Peak
Bitcoin has fallen to ~$92,783, down almost 30% from its record above ~$126,000. The broader crypto market has shed over $1 trillion in value in recent weeks. The Economic Times
2. India’s Central Bank Voices Serious Concerns
The RBI governor expressed strong caution on private cryptocurrencies and stablecoins, calling them “huge risk,” while still endorsing India’s own central-bank digital currency initiative. The Times of India
3. Market Sentiment Fractures Amid Flight to Safety
As major assets fall, investor sentiment is fracturing. Liquidity is draining, and retail as well as institutional traders are assessing whether this is a reset or the start of a deeper bear phase. (Derived from broader market data)
Takeaway
Today’s snapshot shows how quickly things can shift in crypto: huge losses, regulatory warnings, and structural questions—all colliding. The market isn’t just reacting to price; it’s reacting to confidence, policy, and liquidity. If you're invested, now is a moment to reassess risk, not chase the bottom.
Sources
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Bitcoin drops nearly 30% from its yearly peak, market cap wipes out $1 trillion in recent weeks — Economic Times The Economic Times
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‘Cryptocurrency is huge risk so we are…’: RBI governor backs India’s own digital currency — Times of India The Times of India
