The two top digital currencies in the market, Bitcoin and Ethereum, recovered the highest daily growth in the past week on Tuesday.
to the the report Bitcoin Desk, with 8.8% growth in the last 24 hours, managed to rise from around $ 34,200 yesterday to over $ 37,000 on Tuesday.
The market-leading digital currency traded above $ 37,200 at the time of writing and has shown the highest daily returns in the past week.
Ether also increased by 15% in the last 24 hours, which is the highest growth rate in the past week. The second-highest digital currency continued to rise from its lowest level on May 23 and is now priced above $ 2,670.
Gunnar Jaerv, Chief Operating Officer of First Digital Trust, said:
During this time we have seen our institutional clients express a growing interest in strengthening their long-term position. The market is moving upwards.
The rise in digital currency prices coincides with reports that the Bank of India (RBI) on Monday issued a directive banning its banks from invoking the 2018 digital currency ban directive.
The directive initially barred digital asset-related customers from traditional banking services, but last year the Supreme Court of India ruled to repeal it.
Price growth, however, has slowed slightly, with Bitcoin hitting a daily high of around $ 38,000 and Ether rising to $ 2,730.
Other digital currencies in the list of top 10 currencies in terms of market value have also increased by 3 to 13 percent in the last 24 hours. Ripple, Uniswap and Dogecoin grew the most.