Better-than-expected core CPI reading released from the U.S. on Wednesday aided a rebound in cryptocurrency markets. The U.S. military’s announcement that it has completed military strikes against Iran also provided support for cryptocurrency prices.

Anxiety ahead of the interest rate decision by the European Central Bank, widely expected to be a quarter percentage hike also swayed crypto market sentiment. The interest rate decisions on the anvil by major central banks as well as the Space X IPO also impacted crypto market sentiment.

Bitcoin traded between $62,942 and $60,845 in the past 24 hours. Overall crypto market capitalization has increased around 2 percent during the same period.

Fears of a hawkish monetary policy action by the…