India, Aug. 21 -- The euphoria in crypto markets triggered by the liquidity boost announced by the U.S. Treasury continues unabated early on Friday. The heavy inflows to U.S.-listed Bitcoin Spot ETF products reflected the positive sentiment and the rising institutional support. Massive liquidation of short positions also contributed to the surge in prices. Crypto market capitalization has increased almost 7 percent during the past 24 hours as markets cheered reports a crypto-friendly regulatory environment in the U.S.
Bitcoin touched high of $79,464 during the past 24 hours while overall crypto market capitalization has touched a high of $2.64 trillion. The CMC Crypto Fear and Greed Index that tracks sentiment in the crypto market has surg...