The global crypto market cap was trading at $2.52 trillion at the time of writing after a hike of 4.66% in the past 24 hours. This bullish sentiment was buoyed by digital asset investment products, which saw inflows worth $1.1 billion in the past week.

As per CoinShares weekly report, the inflow of $1.1 billion was “the largest weekly total since early January.”

As per the report, this shift in sentiment was tied to the risk appetite rebound, which was because of the ‘immediate ceasefire‘ announced on the 8th of April. Though both the U.S. and Iran agreed on a deal to stop the escalating geopolitical tensions, the ceasefire was tentative.

Adding to this bullish push was the “softer-than-expected U.S….