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India Unveils “National Strategy on Blockchain” for E-government

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Today’s Cryptocurrency Headline

India’s Ministry of Electronics and Information Technology (MeitY) released a 52-page “National Strategy on Blockchain” document that urges government and private sector to collaborate more closely to build blockchain infrastructure across the world’s second-most populous nation. According to the document, India plans to establish a national blockchain platform to advance the use of blockchain across sectors. MeitY aims to develop a “National Blockchain Framework” (NBF) and the nodes are spread across India such that the country can benefit from blockchain at scale. 

BingX’s Bitcoin Chart

Bitcoin price analysis predication

Source: TradingView& BingX

Yesterday BTC attempted to break the $52,000 resistance level as it gained alongside equities rebound. The relative strength index (RSI) of BTC is 36, which indicates that it is very close to being oversold on a technical basis. The crypto Fear and Greed index increased which shows that the market is on the edge of breaking out of extreme fear territory. If BTC price stays above $50,000 this week, we may see a rebounce in the future.

 

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