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Cryptos Crushed: Bitcoin Battered Below $8k On China Crackdown, India Tax

• https://www.zerohedge.com, Tyler Durden

It's a sea of red across cryptos...

So much for Blockchain Week...

And the entire cryptospace is accelerating lower...

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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