India, March 5 -- Cryptocurrencies aligned with the broader markets to trade on a positive note as hints of a potential compromise in the trade tariff war boosted market sentiment. Renewed expectations of a crypto-friendly regime and policy measures towards the creation of a strategic crypto reserve aided a spike in crypto asset prices ahead of a first-of-its-kind White House Crypto summit scheduled for March 7.
According to Reuters, U.S. Commerce Secretary Howard Lutnick said that an announcement on tariffs on goods from Mexico and Canada was expected later on Wednesday.
Expectations of a scaling back of the recently imposed tariffs on Canada and Mexico as well as announcement to create a strategic crypto reserve supported market sentime...