Cryptocurrencies rebounded emphatically in the past 24 hours, recouping a portion of the losses suffered earlier in the week when Bitcoin declined below the $75k level. The calm restored in commodity markets, particularly precious metals contributed to the positive uptrend in global market sentiment which spilled over to the crypto space as well. A surge in inflows to U.S.-listed Bitcoin Spot ETF products also boosted crypto market sentiment.

Overall cryptocurrency market capitalization is currently at $2.65 trillion, rising 2.6 percent in the past 24 hours. The 24-hour trading volume has however decreased 24 percent overnight. Among the top 100 cryptocurrencies, more than 45 have recorded overnight gains of more than a…