Bitcoin at $89,000: What does the law say about cryptocurrencies in India?

After a long period of dormancy, cryptocurrency markets are showing renewed momentum following Donald Trump’s return to the US presidency. Bitcoin neared the $90,000 mark on Monday night, just a day after surpassing $80,000.

On November 11, the leading cryptocurrency hit an unprecedented high of $89,623, and many investors anticipate it could set new records, potentially reaching $100,000 by year-end.