Bitcoin | The world's largest and most popular virtual currency, Bitcoin, rose 2.8 percent to $28,585.5. Its market value stood at $553.2 billion. The trade volume was at $16.2 billion.

"Bitcoin has experienced a surge in value, despite the Labor Department's report on a larger-than-expected decline in US job vacancies on Tuesday," said Edul Patel of Mudrex. "Nevertheless, investors must keep a close watch on the upcoming nonfarm payroll data for March, which will offer further insight into the health of the labor market," he added.

Ethereum | The second largest virtual currency, Ethererum or Ether, climbed nearly six percent to $1,913.8 with a market capitalisation of $229.8 billion. The trade volume of Ethereum was $11.2 billion in the last 24 hours.

"Ether has outshone BTC and is being traded at a value above $1,900 for the first time since August of last year," said Rajagopal Menon, Vice President, WazirX.

Dogecoin | Meme-based virtual currency, Dogecoin, was last down 1.5 percent on Wednesday. Its market value stood at $10.5 billion. The trade volume was at $354.1 million.

Dogecoin surged as much as 30 percent on Tuesday after social networking site Twitter's blue bird logo was replaced by the doge image.

Shiba Inu | Shiba Inu fell 0.2 percent with a market capitalisation of $6.7 billion. The trade volume was $359.2 million in the last 24 hours.

Solana | Solana rose 3.9 percent to $21.2 with a market capitalisation of $8.2 billion. The trade volume of Solana was $327.2 million in the last 24 hours.

Polygon | Polygon gained 5.6 percent with a market capitalisation of $10.5 billion. The trade volume was $358.1 million in the last 24 hours.