India, May 28 -- Cryptocurrencies are trading on a muted note amidst anxiety ahead of the release of key economic indicators from the U.S. Minutes of the Federal Open Markets Committee due on Wednesday, second estimate of first-quarter GDP due on Thursday and PCE-based inflation readings for April due on Friday weighed on the monetary policy outlook and anxiety. The earnings update due from NVIDIA later in the day also swayed crypto market sentiment.
Overall crypto market capitalization has decreased 0.76 percent overnight to $3.43 trillion. The 24-hour trading volume has however increased 7.8 percent to $122 billion.
Bitcoin slipped 1.2 percent overnight to trade at $108,560 which is 3 percent below the all-time high of $111,970 recorded...