On the coinmarketcap.com Index, bitcoin was trading at $39,209.54 at 0720 IST for Monday, up 9.60 percent on the day. It was the biggest percentage rise in a single day since June 9.
Bitcoin's market capitalization has risen to $733 billion, accounting for nearly 45 percent of the total cryptocurrency market capitalization. Over the last seven days, the popular cryptocurrency has gained approximately 7%. Bitcoin, on the other hand, is still down nearly 40% from its all-time high of $64,778.04 on April 14.
Ether, Binance Coin also climbed on June 14. While Ether rose 3.83% to $2502.70, Binance Coin was up by 4.69% at $365.26.
Last week, El Salvador became the first country in the world to approve Bitcoin as a legal tender. “With 62 votes, the legislative plenary session approves the #LeyBitcoin with which El Salvador adopts the #Bitcoin as legal currency," El Salvador President Nayib Bukele said. “It will bring financial inclusion, investment, tourism, innovation and economic development for our country," El Salvador President added. “The government will guarantee the convertibility to the exact value in dollars at the moment of each transaction," he added
