27 Dec '16, 2pm

$1000 before Jan. 1? Look at India

The disappointed expectation in the price of the world’s top digital currency, which slumped to a low of $864 on Christmas Day, and the market cap that reversed on the previous gains to $13.88 bln is now being corrected, a push Indian market insiders say will continue till at least Q1 2017. Bitcoin is now worth $915 after a sloppy Dec. 25 market, with the market cap standing at $14.6 bln. Why India again The effect of the Indian market on Bitcoin is in the news again. The co-founder of Zebpay, Sandeep Goenka, believes that India should still be in the Bitcoin picture even though the demonetization exercise which the country embarked upon is yet to end. “Yes, it absolutely should be because we have a huge potential Bitcoin market which is still very small. We continued to add 50,000 users and will do more than $15 mln in Bitcoin trades in December. These are small numbers f...

Full article: https://cointelegraph.com/news/1000-before-jan-1-look-at-...

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