In the second week of February, the cryptocurrency market recovered quickly.

The crypto price charts were brimming with greens, with practically all prominent cryptocurrency beginning with gains on Tuesday, February 8. Bitcoin gained 3.40 percent, bringing its trading value to $46,700 (about Rs. 35 lakh) on the Indian market CoinSwitch Kuber. This is the first time in 2022 that Bitcoin prices have risen beyond $45,000 (33.5 lakh) in India. The world's most valuable cryptocurrency seems to have done well in overseas markets as well. BTC commenced trading at about $44,069 (around Rs. 33 lakh) on platforms including CoinMarketCap and Binance, with gains of up to 2.91 percent.