Crypto: Crypto and High: Bourses, traders come up Trumps
Mumbai: The waves of crypto frenzy in the global markets are lapping Indian shores.
Average daily trading volumes in half a dozen major exchanges have surged 3 times in less than a week despite crippling taxes and a shadow ban by most banks. Investors who were sitting on losses for close to 18 months are suddenly in the money. Prices of some of the zombie coins, along with other cryptocurrencies, are tailing Bitcoin which touched a new high. And, more local investors are booking profits than chipping in fresh money – as is borne out by the squeeze in the premium in USDT, the stable coin that serves as a go-between when cryptocurrencies are sold to generate rupees.
With Donald Trump vowing to make America the “crypto capital of the planet”…
