Bitcoin’s price is enjoying a healthy, $ 300 spike. After yesterday’s price of $ 6,600, bitcoin is now trading at a solid $ 6,900.
One reason for the jump may stem from new details regarding India’s stance on cryptocurrencies. Over the past few days, several sources have reported that India was entertaining a permanent ban on bitcoin and other digital currencies so it could focus on creating a national cryptocurrency for users to enjoy. This sent bitcoin into a long spiral, and the news was widely blamed for the currency’s drastic fall.