Unfazed by the Embargo, Cryptocurrency Prices in India now on par with International Average

It has only been 2 weeks since the RBI announced an embargo on Banks and other regulated entities from doing business with Cryptocurrency exchanges and all individuals and businesses who deal in Crypto.

Soon after the announcement, traders in India started liquidating their position in what one would assume to be a panic sell. While the Indian market enjoyed a good 5-10% premium in prices over its international peers, on April 5th the prices went down upto 20% from global average.

Anyway, the recent green candle in the world market have brought up the Cryptocurrency prices in India on par with the likes of Binance, Coinbase and Bittrex. Traders are hoping the prices will be back up with 5 to 10% premium over global prices.

Here are some examples:

1. Bitcoin (BTC)

Date Price in India (INR) International (INR) Difference (INR) % Difference
April 4, 2018 505000 489000 16000 3.27
April 5, 2018 360750 440000 -79250 -18.01
April 15, 2018 505000 540000 -35000 -6.48
April 19, 2018 532000 532100 -100 -0.02
bitcoin prices back to global average in india
1 Month BTC Price Chart. Source: Coinhero

2. Ethereum (ETH)

Date Price in India (INR) International (INR) Difference (INR) % Difference
April 4, 2018 27500 25500 2000 7.84
April 5, 2018 20159 24900 -4741 -19.04
April 15, 2018 31877 34060 -2183 -6.41
April 19, 2018 34650 34645 5 0.01
ethereum (ETH) prices back to global average in india
1 Month ETH Price Chart. Source: Coinhero

3. Ripple (XRP)

Date Price in India (INR) International (INR) Difference (INR) % Difference
April 4, 2018 35 33 2 6.06
April 5, 2018 26.29 31.72 -5.43 -17.12
April 15, 2018 41 43.75 -2.75 -6.29
April 19, 2018 46.75 46.35 0.4 0.86
Ripple(XRP) prices back to global average in india
1 Month XRP Price Chart. Source: Coinhero



4. Neo (NEO)

Date Price in India (INR) International (INR) Difference (INR) % Difference
April 4, 2018 3645 3416 229 6.7
April 5, 2018 2580 3051 -471 -15.44
April 15, 2018 4178 4430 -252 -5.69
April 19, 2018 4669 4615 54 1.17
Neo (NEO) prices back to global average in india
1 Month NEO Price Chart. Source: Coinhero

 

What is your Favourite coin and its current price? Let us know in the comments below!

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