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Crypto market sentiment has plummeted to "extreme fear" with the Fear & Greed Index dropping to 10, its lowest level since late February, amid a week of losses across major cryptocurrencies. Bitcoin led the decline, dropping over 5% in the past seven days to trade at levels not seen since early March, with the wider crypto market also losing 5.8% of its value. The sell-off is attributed to a combination of factors, including profit-taking, institutional outflows, macro uncertainty, and low liquidity.
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The Madras High Court has ruled on Saturday that cryptocurrency counts as property under Indian law. This means people can own it and even hold it in trust. Justice N Anand Venkatesh said that although cryptocurrencies are not physical objects or legal currency, they still have all the main features of property.
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Cryptocurrency a property under Indian law: Madras High Court
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Coinbase Revives India Push With Investment in Nation’s Biggest Crypto Exchange CoinDCX
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Growing Foreign Interest Could Pressure India Toward Regulation
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