India, April 23 -- Cryptocurrencies jumped in the past 24 hours amidst a toning down in the harsh rhetoric that intensified the global trade war. Expectations that the trade stand-off between U.S. and China would soon ease fueled optimism in markets.
President Trump's comments that he does not intend to remove Fed Chief Jerome Powell also supported sentiment.
Overall crypto market capitalization has rallied more than 6 percent overnight to $2.94 trillion. The 24-hour trading volume also spiked 60 percent overnight to $140 billion. Bitcoin touched a 24-hour high of $94,460 whereas Ethereum jumped to a high of $1,817 in the past 24 hours.
Meme category cryptos witnessed a 13.2-percent surge in market capitalization. Cryptocurrencies associ...