Bitcoin's surge sent smaller cryptocurrencies, known as "altcoins," trading higher. Ethereum's ether and Ripple's XRP, respectively the second- and third-largest coins, both jumped by more than 10 percent.
Superintendent of Police Jagdish Patel was accused of being part of a conspiracy of kidnapping the Surat-based “businessman” Shailesh Bhatt and others in Gandhinagar and extorting cryptocurrency Bitcoin worth crores of rupees.
Vivek and Amit were arrested in April by a Special Investigation Team of the Pune police, which had taken their custody following their detention from Bangkok. On Thursday, Delhi Police took Vivek's custody and took him to Prashant Vihar police station for questioning.
Bitcoin was last valued at $6,419.03, less than a third of its peak near $20,000 in December 2017. Cryptocurrencies, of which bitcoin is the most valuable, are pieces of computer code that are not backed by any central bank or hard asset