India, June 17 -- Amidst persisting geopolitical tensions in the Middle East as well anxiety ahead of the Fed's interest rate review and forward guidance, cryptocurrencies have declined further.
The Federal Reserve has commenced its two-day meeting and is scheduled to announce its decision on interest rates on Wednesday afternoon. The CME FedWatch tool that tracks the expectations of interest rate traders shows a 99.99 percent probability that the Fed will hold rates steady.
Overall crypto market capitalization has slipped 0.92 percent in the past 24 hours. It is currently at $3.31 trillion. Only 7 of the top 100 cryptocurrencies are trading with overnight gains of more than a percent. The 24-hour trading volume has in the meanwhile incre...