Bitcoin surged over 5 percent to $46,953 at 9 am IST, adding nearly $2,000 to its previous close. Bitcoin, the world’s biggest and best-known cryptocurrency, is up from the year’s low of $32,950.72 touched on January 24.
Another popular cryptocurrency, Ether, the coin linked to the ethereum blockchain network, surged 3.92 percent to $3,270.67, adding $150 to its previous close.
Meme crypto Dogecoin rose over 7 percent at $0.149, while Shiba Inu gained 7 percent to trade at $0.000026. Solana, which witnessed substantial interest from the crypto traders last year, also jumped 5 percent to trade at $106.98.
Earlier this week, Ukraine said it had pioneered a new source of financial support: That is via cryptocurrencies such as bitcoin.
Since February 26, when Ukrainian officials began tweeting calls for cryptocurrency donations, the country’s government had said it had taken in nearly $67 million of its $200 million goal as of Saturday.