From Last two days indan crypto market is dumping badly due to new fud in the market.
Three month earlier Indian Reserve Bank floated a notice to all banks in india that they should stop the exchanging the money with bitcoin, means that no one be able to with draw btc in their fiat currency,
But all exchanges fought and filed a case against RBI, and hearing occurred the result came out with the extended date, now dates were extended to three months, now next hearing is on 18 june 2018, but bank will have to stop withdraws on 5 june 2018. This is the main reason of fud in indian crypto market.
Peoples are panicing and selling their btc. The fud is unnecessary because india has to regulate crypto. Hearing will be at 18 june 2018.