Bitcoin is now trading at a bargain price.

In the previous two days, Bitcoin has lost more than 20% of its value. On the Indian market CoinSwitch, the cryptocurrency is currently trading at $59,817 (approximately Rs. 44.6 lakh), up 1.24 percent. The first cryptocurrency is worth $58,000 on the international market CoinMarketCap (roughly Rs. 43 lakh). This is in sharp contrast to the scenario just a few days ago, when the token was hovering near its all-time high of $68,327.99. (roughly Rs. 50.5 lakh). The cryptocurrency market plummeted earlier this week after India’s plan to ban “private cryptocurrencies” was added to the parliament’s agenda.

Ether has been able to break out from the bear market more quickly than Bitcoin.

According to the sources, Ether traded at $4,573 (approximately Rs. 3.4 lakh) on Friday, November 26. Ether hit a new all-time high of $4,811 earlier this month (roughly Rs. 3.5 lakh).

The majority of prominent cryptocurrencies, such as Tether, Ripple, USDCoin, and Dogecoin, had their trading prices rise today, as seen by the green color dominating the cryptocurrency price chart.

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Cardano, Polkadot, and Shiba Inu, on the other hand, saw minor drops.

In the next few days, India is planning to bring the crypto debate to the Indian parliament. For the time being, the nation is considering prohibiting all “private cryptocurrencies,” without specifying what that word means.

Cryptocurrency dangers have also been a source of debate among fans. The Shiba Inu team recently alerted investors of a dupe-scam circulating on Telegram, after the FBI’s warning about the rise in crypto frauds.
Elon Musk, the CEO of Tesla, recently endorsed a proposal on Twitter that encourages investors to store their crypto assets in private wallets rather than entrusting them to centralized exchanges such as Binance and Robinhood.

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