India, Oct. 21 -- A renewed positive outlook on the global AI trade triggered by the strong earnings forecast and indications of robust AI demand from majors like SpaceX and Super Micro Computers bolstered sentiments in tech sector, lifting cryptocurrency markets alongside. A mild short squeeze in the cryptocurrency market also supported the uptick in prices. Amidst the revival in market sentiment, overall crypto market capitalization has surged more than two and a half percent whereas Bitcoin touched a high of $83,593 in the past 24 hours.
South Korea's KOSPI index has jumped 3.3 percent whereas Japan's Nikkei 225 rallied almost a percent. Markets in the meanwhile are awaiting results from tech majors including Meta Platforms and Tesla on...