Prices of Binance Coin, Solana, Ripple, Cardano and Terra have also seen an increase.
DodgeCoin (DOGE) and Shiba Inu (SHIB) have also benefited
The trading value of bitcoin has reached $40,069 on Binance
Most of the Altcoins are on the lines of BTC and ETH
The chart of cryptocurrency prices looked in a better position on Wednesday.
It also got such momentum in global exchanges and started business with small profit as the world's most popular cryptocurrency.
On the Indian exchange Coinswitch Kuber, bitcoin started with a gain of 0.28 percent with a price of $ 41,954 (about Rs 32 lakh).
At the same time, the trading value of bitcoin on Binance increased by 1.01 percent to about $ 40,069 (about Rs 30.5 lakh).
Ether, the world's second largest cryptocurrency, is also behind Bitcoin in terms of recording profits.
According to Gadgets360's crypto price tracker, the value of ETH increased by 1.13 per cent to $3,184 (approximately Rs 2.5 lakh).
The same is being seen in the case of altcoins as well.
Most altcoins are on the lines of BTC and ETH.
The prices of Binance Coin, Solana, Ripple, Cardano and Terra have seen an increase.
Dodgecoin (DOGE) and Shiba Inu (SHIB), popularly known as Mim Coins, are also seeing gains of 2 and 18.96 per cent respectively and their prices have increased.
At the same time, the inflation rate in America has reached a new high, which is 8.5 percent in the last one year.
This is the highest in the last 40 years.
Experts feel that the crypto market will mature only from this economic turmoil.
Meanwhile, the market share of world-renowned crypto exchanges reached a new record high of 96 per cent in February 2022, according to data compiled by UK-based analytics company CryptoCompare.
The report said that out of over 150 exchanges tracked, 78 exchanges have been classified as 'top tier' grade.
Among them Coinbase, Gemini, Bitstamp and Binance have been given AA grading.
It has been told in the report that the trading volume of the exchanges falling in the top category was about $ 1.5 trillion in February.
For lower-end exchanges, the figure stood at around $62 billion.
This shows that both retail and institutional investors are moving towards less risky exchanges.
At the same time, according to CoinMarketCap, the market cap of the crypto industry has reached $ 1.87 trillion (about Rs 1,42,39,532 crore).