As Bitcoin price falls, is cryptocurrency still worth buying?
— Buying, Worth, Crypto, Investors, Risk, Trading, Charges, Cryptocurrency, Rules, Falls — 1 min read
The price of Bitcoin, the first and most prominent crypto, rose to $68,000 in November 2021. Shortly after, it nearly halved in price to $35,000 and continued to decline. The government announced that 1% TDS must be deducted on all crypto transfers over ₹10,000. The tax rules have further increased the challenges as they may lock up the required liquidity to revive crypto markets. The scales of demand and supply are heavily tipped, accelerating the risk even further. The new tax rules add to the woes of the investors as they will only help secure investors’ money. Bitcoin has already lost more than two-thirds of its value since hitting nearly $69,000 in November and hasn’t traded as low Source