India, March 12 -- Cryptocurrencies are trading on a mixed note even as markets wait for signs of slowing inflation and expect the potential faltering in economic activity attributed to trade tariff jitters to bolster the case for rate cuts by the Federal Reserve. Expectations of easing in geopolitical tensions capped losses.
Overall crypto market capitalization is currently at $2.66 trillion. The U.S. Bureau of Labor Statistics is scheduled to release CPI data for the month of February on Wednesday morning. The update is expected to reveal a softening in inflation.
Bitcoin added 0.57 percent to trade at $82,185.17, around 25 percent below its peak. The leading cryptocurrency had touched a low of $79,059.43 in the past 24 hours.
Ethereum...