Bitcoin price in India today: Cryptocurrency rises to $10,972; check out how others did

On Friday, most of the cryptocurrencies have seen negative trend, with Bitcoin hovering between $10,000 to $11,000. Although, currently it trades in red, Bitcoin in 24 hours, has managed to overall gain by 2.57%, as per data given by CoinMarketCap. 

There are 1,531 crpytocurrencies tracked on CoinMarketCap, and among top five involves Bitcoin, Ripple, Ethereum, Ripple, Bitcoin Cash and Litecoin. 

In 24 hours, except Bitcoin, remaining all the crypotcurrencies have seen decline on Friday. 

Bill Miller, multi-millionaire investor and founder of hedge fund Miller Value Partners shared his views about Bitcoin in a CoinTelegraph.com report saying, "What I observed with bitcoin is that it’s following a very time-honored path of disruptive innovation going all the way back to the printing press, railroad, electricity, radio in the 1920s, biotech, the internet.”

Miller adds, "Bubbles are necessary to bring capital into the market to see if these innovations are actually going to stand."

Coming back to India, there is love for cryptocurrencies among citizens, and there are about 15 cryptocurrency exchanges that have started allowing trading in the above mentioned digital currencies.

These exchanges are offering 'Buy' and 'Sell' call on these coins.

Since the valuation of cryptocurrencies is best determined in USD, one needs to convert them into Indian rupee to know their appropriate valuation.

Data given by CoinMarketCap, in past one hour, Bitcoin was trading at $10,972 down by 0.94%, while Ethereum at $864.11 down by 0.72%, Ripple at $0.909815 below 0.55%, Bitcoin Cash at $1,272.21 lower by 1.19% and that of Litecoin at $206.20 tumbling by 0.63%. 

In Indian Rupees, on Friday, one Bitcoin is valued at Rs 7,15,045.24, while Ethereum at Rs 56,314.05, Ripple at Rs 59.29, Bitcoin Cash at Rs 82,909.93 and Litecoin at Rs 13,438.05

However, it needs to be noted that in India, two cryptocurrency exchanges, BTCXIndia and ETHEXIndia, have said that they will halt trading on March 5. These two exchanges have asked members to withdraw their money before March 4, 2018.