TradingKey – Market fear of secondary inflation is gradually subsiding as the crypto market rebounds, with both Bitcoin and Ethereum rising to reclaim key thresholds.

On July 21, the cryptocurrency market experienced a broad rebound, with the total market capitalization climbing back above $2.2 trillion. Over the past 24 hours, Bitcoin ( BTC) rose 0.77% to temporarily trade at $65,315; Ethereum ( ETH) surged 1.54% to temporarily trade at $1,907; while Binance Coin ( BNB ), Ripple ( XRP ), Solana ( SOL) and other major coins recorded gains of varying degrees.

Gains and losses of the top ten cryptocurrencies by market capitalization, Source: CoinMarketCap

Despite the ongoing conflict and blockade between the U.S. and Iran in the Strait of Hormuz,…