Prices of cryptocurrencies in Indian Rupee terms recovered from as much as a 15-20 per cent drop after the government announced that it will introduce the cryptocurrency bill in the upcoming Parliament's winter session.
Bitcoin - the world's largest and most popular cryptocurrency, has jumped by 9.3 per cent in the last 24 hours, as per data from CoinSwitch, at the time of writing this report. Similarly, ethereum - the world's second-largest cryptocurrency was up 9.1 per cent, Tether up by 4.9 per cent, Cardano up by 9.30 per cent.
Bitcoin was last trading 9.23 per cent higher at Rs 45,51,390, and ethereum was trading 9.65 per cent higher at Rs 3,46,266 at the
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