India, July 15 -- Lower-than-expected readings of consumer price and producer price inflation released from the U.S. has boosted sentiment in cryptocurrency markets. Resumption of inflows to U.S.-listed Bitcoin Spot ETF products on Tuesday also boosted sentiment. Overall cryptocurrency market capitalization has rallied more than 2 percent in the past 24 hours. Bitcoin, the leading cryptocurrency has touched a 24-hour high of $65,508.
Data for June released on Tuesday morning by the U.S. Bureau of Labor Statistics showed annual headline inflation declining to 3.5 percent from 4.2 percent at the end of the previous month. Markets had expected it to fall to 3.8 percent only. The core component thereof, excluding the volatile food and fuel com...