Crypto markets rallied as oil prices dropped below $100 per barrel, with President Donald Trump stating that the war in Iran will end in "two to three weeks". Bitcoin BTC traded at $68,500 and Ether (ETH) at $2,130, while both algorand (ALGO) and ether (ETH), however, remained in a downtrend dating back to October. The crypto futures market has seen a 23% increase in trading volumes, while open interest remains stable at around $106 billion. However, open interest in major USD- and USDT-denominated futures has diverged from BTC’s recovery from its weekend low of around $65,000. Algorand led the market gains, with algo rising by 22% in the past 24 hours and Ether returning to its former oversold territory. The CoinDesk Computing Select Index (CPUS) was the best performing benchmark on Wednesday.