Bitcoin had recorded a high of near $69,000 hit in November 2021 and the cryptocurrency has witnessed high volatility since then. Last week, Bitcoin fell below $37,000 mark.
Major cryptocurrencies surged on Thursday, with Bitcoin, the world's largest virtual currency in terms of market capitalisation, staying above the $43,500 level.
Recommended ArticlesView All
Income tax portal enables co-browsing feature — How does it help you in ITR filing?
IST4 Min(s) Read
Cap on TV channels as part of bouquet raised to Rs 19. How revised TRAI rule will impact broadcasters
IST3 Min(s) Read
Why are private banks going old school and opening more branches?
IST3 Min(s) Read
Bitcoin, which fell below $43,500 level on Wednesday, was trading 0.73 percent up at $43,778.66 at 8:56 am, according to CoinDesk data. The cryptocurrency on Tuesday surged nearly 4 percent, touching the 50-day moving average for the first time in nearly a month. Bitcoin had recorded a high of near $69,000 hit in November 2021.
Second-largest cryptocurrency Ether, which is linked to ethereum blockchain, rose nearly 3 percent to $3,187.7 at 9:01 am. Meme crypto Dogecoin also gained marginally to $0.16, while Shiba Inu, which had shed nearly 7 percent on Wednesday, rose nearly 3 percent to $0.000032.
Solana, which witnessed substantial interest from the crypto traders last year, turned negative to trade at $111.4 at 9:04 am.
Other cryptocurrencies such as Litcoin, XRP, Chainlink, Avalanche, Cardano, and Polygon were trading in the green over the past 24 hours. On the other hand, Stellar, Terra, and Internet Computer, among others, were trading lower.
The Wall Street indices gained substantially for the second day in a row - S&P 500 gained 1.5 percent, Dow Jones added 0.9 percent, while Nasdaq rose 2.1 percent in trade.
Oil prices were mixed on Thursday, after rallying on an unexpected drop in US crude inventories in the previous session, as investors await the outcome of US-Iran nuclear talks that could add crude supplies quickly to global markets, according to Reuters.
Also Read: US stock markets closing: How S&P 500, Dow Jones, Nasdaq, Russell 2000 fared on Wednesday
Meanwhile, finance minister Nirmala Sitharaman in the Union Budget announced a 30 percent tax on the returns from trading or investing in cryptocurrencies or other digital assets such as NFTs.
(Edited by : Bivekananda Biswas)
First Published: IST