India, Sept. 9 -- Sentiment in cryptocurrency market remains strong while global markets react to the surge in crude oil prices and its likely impact on the Federal Reserve's monetary policy decision due next week. Bitcoin has gained almost a percent in the past 24 hours.
Amidst persisting hostilities in the Middle East and the disruption of oil transit through the Strait of Hormuz, crude oil prices have surged ahead. Brent crude oil Futures for November settlement is currently trading at $101.27, jumping 3.4 percent from the previous close of $97.92. WTI Crude oil for October settlement is currently trading at $96.20, jumping 3.4 percent on an overnight basis from Tuesday's close of $93.03.
The surge in crude oil prices have impacted Fed...