India, June 11 -- Cryptocurrencies are trading on a positive note despite anxiety ahead of the release of inflation readings from the U.S.
U.S. Bureau of Labor Statistics is expected to reveal an uptick in consumer price inflation readings in the month of May. Headline and core annual inflation as well as monthly core inflation is seen edging up. Headline monthly inflation is however expected to remain steady.
Overall crypto market capitalization has increased 0.76 percent overnight to $3.44 trillion. The 24-hour trading volume has also increased 8.1 percent to $141 billion.
Bitcoin edged up 0.05 percent overnight to trade at $109,373.55 which is 2 percent below the all-time high of $111,970 recorded on May 22. The 24-hour trading range ...