India, July 9 -- Cryptocurrencies are trading on a firm note despite anxiety ahead of the release of the FOMC minutes from the U.S. The Minutes and the monetary policy outlook assume significance in the backdrop of the robust job market update that sharply diminished the rate cut expectations for the next review in July.
Overall crypto market capitalization has increased 0.69 percent overnight to $3.37 trillion. The 24-hour trading volume however edged down 0.10 percent to $99.5 billion.
Bitcoin edged up 0.01 percent overnight to trade at $108,849.21 which is 3 percent below the all-time high of $111,970 recorded on May 22. The 24-hour trading range was between $109,198.97 and $108,126.17.
Inflows to Bitcoin-based Spot ETF products in th...