As Bitcoin remained in the green on the day to maintain gains and losses in terms of value, Bitcoin increased by 1.6 percent in the past 24 hours and reached $43,605 (roughly Rs. 33.5 lakh) on the Indian exchange CoinSwitch Kuber.
Bitcoin''s price has increased by 0.4 percent in length over the past 24 hours, according to CoinGecko reports. BTC has increased by 0.1 percent week-to-day.
Ether, however, had a difficult day of trading through Wednesday as the second most popular cryptocurrency also managed gains on the day. At the time of publishing, Ether is valued at $3,243 (approximately Rs. 2.5 lakh) on CoinSwitch Kuber, while values on global exchanges see the cryptocurrency''s value at $3,096 (approximate Rs. 2.3 lakh) where the coin has risen by 0.24 percent in the last 24 hours.
According to CoinGecko data, the cryptocurrency''s value has slightly increased in the past week, resulting in a 1 percent decline.
Despite BTC and Ether managing gains, most altcoins recorded a small decrease on the day. Binance Coin, Cardano, Polkadot, Uniswap, and Chainlink all rose.
Shiba Inu and Dogecoin, respectively, had a fun day with losses increasing in the last 24 hours. Dogecoin is currently valued at $0.15 (roughly Rs. 11) after losing 3% in the last 24 hours, while Shiba Inu is valued at $0.000026 (roughly Rs. 0.002), down by 0.55 percent in the past day.
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The negative outlook to begin Wednesday sparked by the International Monetary Fund (IMF) enforcing global policymakers to develop standards for crypto in response to the growing concern highlighted by the Ukraine war.
The International Monetary Fund (IMF) presents a report on crypto''s potential use in sanctions dodged by Russia and its potential to undermine international energy supply, which cannot be exported abroad, according to the IMF.
Binance, a leading crypto company, announced its new Twitter emoji on Wednesday, which quickly became down after users claimed it was a "swastika."
Cryptocurrency is an unregulated digital currency, rather than a legal tender, and subject to market risks. The information provided in the article is not intended to be and does not constitute financial advice, trading advice, or any other other advice or recommendation of NDTV. NDTV will not be liable for any loss arising from any investment based on any perceived recommendation, forecast, or other information contained in the article.