Cryptos Crushed: Bitcoin Battered Below $8k On China Crackdown, India Tax
by Tyler Durden
ZeroHedge.com
Wed, 05/23/2018
Having tested $8,000 last week, and bounced, Bitcoin has broken back below it – to six-week lows – as the entire crypto-space is under pressure following China crackdown headlines and news that India is considering a major crypto tax.
While it is never clear what the driver of price action is, news from China and India appear to major potential catalysts in the last 24-48 hours…
CoinTelegraph reports that India is working on proposals to make cryptocurrency transactions subject to goods and services tax (GST), sources told Bloomberg May 23.
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