Synopsis
Indian cryptocurrency investors flocked CoinSwitch Kuber and WazirX after the latest bitcoin price crash, so much so that cash deposited at local crypto exchanges witnessed a 250% and 60% increase, respectively.
Mumbai: Indian cryptocurrency investors are betting on the nascent industry even as investors and experts ruminate on whether the market has entered a bearish phase or not.
A
drop in cryptocurrency price by 20-40% between June 15 and June 22 may have egged on Indian investors to ‘buy the dip’ or average down their investments in the belief that the fundamentals of bitcoin and other major tokens remain strong.
Tiger Global-backed crypto
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