Here’s what happened in crypto today
Today's crypto news highlights India's government reevaluating its stance on digital assets in response to a global regulatory shift. Economic affairs secretary Ajay Seth emphasized that digital assets are transcending borders, prompting India to adapt its crypto policies to remain competitive. In another significant development, a savvy trader made $16 million by shorting Ether, leveraging a position that benefitted from Ether's price drop to $3,000. Meanwhile, Bitcoin fell below $100,000 after US President Donald Trump imposed strict tariffs on imports from China, Canada, and Mexico, potentially raising inflation and prompting investors to move towards safer assets. This mixed news presents a complex scenario for investors as regulatory landscape and market dynamics continue to evolve.
Source 🔗