India, Aug. 13 -- Cryptocurrencies remain rangebound on Thursday even as global markets cheered the soft producer price inflation readings from the U.S. as well as the decline in global crude oil prices. The sentiment in the crypto market also appeared to diverge from the tech-heavy Nasdaq, which has rallied close to a percent.
The decline in global crude oil prices, an easing in the sovereign bond yields or the U.S. dollar's retreat against a basket of six currencies failed to lift cryptocurrencies to an overnight positive trajectory. In the past 24 hours, overall crypto market capitalization has dropped almost quarter percent below the flatline while Bitcoin has edged up above the levels a day ago. The leading cryptocurrency is currently...