India, June 12 -- Renewed expectations of a peace deal between the U.S. and Iran supported sentiment in the crypto market. The deal is widely expected to extend the ceasefire as well as ease the Strait of Hormuz blockade. The decline in crude oil prices as well as the U.S. dollar's weakness have supported sentiment towards digital assets. However, anxiety and excitement ahead of Space X's trading debut lingers across markets including the crypto market.
Bitcoin traded between $63,868 and $62,280 in the past 24 hours. Overall crypto market capitalization has increased around a percent during the same period.
Nevertheless, crypto market sentiment remains in the "Extreme fear" category. CoinMarketCap's Fear and Greed Index, a measure of the ...