India, May 23 -- Cryptocurrencies are trading firmly above the flatline even as Bitcoin retreated after touching a fresh all-time high in the past 24 hours. Easing in trade tensions between the U.S. and China, the dollar's weakness, fiscal concerns about U.S. as well as the easing in bond yields swayed crypto market sentiment. The U.S. House of Representatives passing the tax-and-spending bill helped ease near-term uncertainty for investors.
Overall crypto market capitalization has gained 0.6 percent overnight to $3.52 trillion. Cryptocurrencies associated with AI & Big Data rallied 2.2 percent. Meme category cryptos also witnessed a surge of 1.9 percent in market capitalization. The Made in America cryptocurrencies recorded an overnight a...