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

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

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

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

 

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