Bitcoin’s value has dropped significantly. This decline is not due to forced selling from leverage. Instead, long-term holders are selling their Bitcoin. This is causing a market imbalance. New buyers are not stepping in to absorb the supply. This trend could continue for several months.
Sebi imposes Rs 10 lakh fine on Anand Rathi for violation of stock brokers’ norms
India’s market regulator Sebi fined Anand Rathi Share and Stock Brokers ₹10 lakh after inspections found multiple regulatory violations, including delayed glitch reporting, excessive capacity