10/13/2020, 4:09 PM (Source: TeleTrader)
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Bitcoin rises 1% as Russia mulls issuing digital ruble

The price of Bitcoin rose almost 1% on Tuesday after news Russia's central bank has opened public consultations about the issuing of its digital currency. While ensuring the increased stability of the country's financial system, the Russian central bank noted that the digital ruble wouldn't replace cash.

On the other hand, Bank of England Governor Andrew Bailey previously insisted he's "nervous" when it comes to using cryptocurrencies for payments, adding it's difficult for him to see Bitcoin's "intrinsic value."

Bitcoin gained 0.95% over the last 24 hours to reach $11,352.78 at 10:08 am ET, while Ether concurrently surged 3.03% to $377.16.

Breaking the News / ND