India, April 17 -- Continued optimism over an approaching end to the U.S.-Iran war lifted overall cryptocurrency market capitalization in the past 24 hours. Top-ranked cryptocurrencies like Bitcoin, XRP, BNB, Solana and Dogecoin have gained more than a percent in the past 24 hours.
Sentiment was also supported by the decline in crude oil prices that decreased the likelihood of a fuel-led inflationary spiral. Brent Oil Futures for June settlement are currently trading at $96.02, having slipped 3.4 percent on an overnight basis. West Texas Intermediate (WTI) Crude Oil Futures for May settlement has also shed 4.1 percent overnight to trade at $90.81. With the decline, year-to-date gains for both the benchmarks have fallen to 58 percent.
The ...