India, July 29 -- An escalating Middle East conflict or the spike in crude oil prices or the Fed's much-awaited interest rate decision or the intensifying selloff in semiconductor stocks failed to halt the rebound in crypto markets during the past 24 hours. Crypto markets remained insulated from the chip selloff as well as anxiety ahead of the big tech earnings, lifting overall cryptocurrency market capitalization by more than a percent during the past 24 hours. Bitcoin traded between $64,639 and $62,715 during the same period.
Crude oil prices staged a rebound on Wednesday as geopolitical tensions reignited on Wednesday in the backdrop of a fresh flare-up in the Middle East. Amidst an overnight spike of around 4 percent in crude oil price...