More than a day of a massive crash and almost a quarter of its value being wiped out on the exchanges, cryptocurrencies are getting back on track with the top tokens recovering almost 10 percent or greater from yesterday’s fall of 15-20 percent.

The massive cryptocurrency crash on Indian exchanges on Wednesday was recorded due to a Lok Sabha notice released on Tuesday evening, summarising bills to be discussed in the upcoming winter parliamentary session. As of 1:30 pm today, bitcoin was trading in the green, up by 5.03 percent. Tether’s price jumped by 3.68 percent, Shiba Inu by 4.83 percent, and Ethereum by 3.32 percent. Sandbox excelled this list on WazirX by 23.76 percent.

According to the description of the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021, the government was trying to prohibit private cryptocurrencies while acknowledging some exceptions to promote the underlying technology. This created confusion and unexpected panic sales among the investors, leading to the temporary crashing of numerous exchange platforms.