By 6:15 am GMT, the world’s most famous digital currency, “Bitcoin”, recorded a rise of more than 1%, to rise again above 57 thousand dollars.
And the market value of Bitcoin increased to 1.08 trillion dollars, after a series of losses that wiped out its value of 4.28 percent during the last 7 days of trading.
Bitcoin recorded a record high in the November 10 session, when it rose more than 11%, recording the level of $69 thousand.
The market value of the cryptocurrency market, during early trading today, Thursday, reached $2.585 trillion.
This comes as India prepares to pass a law to regulate cryptocurrency, to be submitted to Parliament as it begins its sessions on November 29.
According to a description of the law published on the Indian Parliament website, the government of Indian Prime Minister Narendra Modi is proposing to assist the central bank in issuing an official digital currency.
According to the bill, it aims to “ban all private digital currencies in India, with the possibility of allowing some exceptions to encourage the underlying technology of digital currencies and encourage their use.”
Bloomberg notes that India’s relationship with digital currencies has fluctuated wildly over the past few years.
In 2018, cryptocurrency transactions were banned, but the Supreme Court overturned these restrictions in March 2020.
In recent months, there have been calls for stricter restrictions on dealing in digital currencies, fearing that the free environment of these currencies will increase the appetite of Indians to save in digital assets.
Cryptocurrency rates today
Bitcoin BTC increased by 1.02% to reach $57,186.4.
The price of the Ethereum coin (ETH) increased by 0.44% to $4,288.575.
The price of the Binance coin BNB increased by 3.33% to reach $602.41.
The price of the cardano ADA coin decreased by 1.74% to record 1.6603 dollars.
Ripple XRP fell by 1.02% to $1.03,285.
The price of the Polkadot DOT coin fell by 2.98% to $38.479.
The price of the DOGE coin (Dogecoin) decreased by 2.62% to reach $0.217146.
The price of the Litecoin (LTC) currency increased by 2.59% to reach $217,700.
Chainlink LINK coin price fell 1.01% to $26.23.
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