India, May 2 -- Cryptocurrencies continued to rise amidst a global rally in stocks triggered by renewed expectations of an easing in the trade tensions between the U.S. and China. Crypto market capitalization rallied more than a percent whereas Bitcoin touched a high of $97,438, a level last traded in late February 2025.
Hopes of an easing in the bitter trade war between the U.S. and China got a boost following comments from a Chinese official about the willingness to open trade talks with U.S. Global stocks rallied in response and the greenback weakened, strengthening the positive sentiment towards risk assets including cryptocurrencies.
The six-currency Dollar Index which measures the U.S. dollar's strength against a basket of 6 currenc...