India, May 9 -- Cryptocurrencies surged ahead and Bitcoin touched a high of $104,297 in the past 24 hours amidst strong hopes of an easing in trade-related tensions between the U.S. and its major trading partners.
Crypto market capitalization touched high of $3.29 trillion before retreating to its current level of $3.28 trillion, implying overnight gains of around 6 percent. The rise in market capitalization was accompanied by a 75-percent jump in the 24-hour trading volume to $208 billion.
Positive sentiment reverberated across the crypto spectrum. Meme category cryptos jumped almost 17 percent in the past 24 hours to $67 billion or 2 percent of the overall crypto market. AI & Big Data category cryptocurrencies also witnessed a jump of c...