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Bitcoin and ether rise despite India’s crypto crackdown

Market hopes crackdown on crypto will not end up with a ban

The two leading digital assets were rising on 25 November amid optimism that new rules for cryptocurrencies planned by the Indian government would fall short of an outright ban.

Both bitcoin and ether came under pressure on 24 November, as markets reacted to India's intention to ban most cryptos as part of a plan to introduce a digital currency regulated by its central bank.

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