After RBI's Announcement to Ban Cryptocurrencies Bitcoin Falls Down To $5400
two FUDs are in this single sentence.
1. they never banned cryptocurrencies:
https://www.newsbtc.com/2018/04/06/dont-believe-the-fud-india-has-not-banned-cryptocurrency/2. bitcoin never fell to $5400. it still is between $6500-$6900
what really happened was that a panic was spread and some disruption in the Indian banking system regarding Zebpay exchange which meant people withdrew their bitcoins from there and closed all their orders because they didn't want their money to be caught there. this sudden emptying of orderbooks led to a thin one which was easily dumped into and price on that exchange fell against INR.
wew, I'm glad that they not banned cryptocurrency in India, I'm looking the bitcoin chart right now still around $6800, it's not down at $5,400 that OP just spreading FUD.