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It all started with the listing of the cryptocurrency bill in the Centre's legislative business for the Winter session of Parliament. However, the bill was not introduced in the winter and Budget sessions.
Bitcoin, the largest cryptocurrency by market cap, was down by 0.53 per cent at $41,971.02. Ethereum was down by 1.77 per cent at $2,863.29.
"Banning or not banning cryptocurrencies will come subsequently after consultations," FM Sitharaman said while replying to the Budget debate in Rajya Sabha.
The world's most popular and oldest cryptocurrency, Bitcoin, was up by 0.49 per cent at $44,003. The second-biggest cryptocurrency by market capitalization, Ethereum, was trading at $3,190, up by 2.70 per cent.
Bitcoin punched through its 50-day average to top USD 44,000 for the first time in nearly a month.