India, April 17 -- Cryptocurrencies are trading above the flatline amidst hopes of fruitful trade negotiations between the U.S. and its trade partners. Hawkish comments from Fed Chair Jerome Powell on Wednesday however limited gains.
Reports of progress and hopes of positive outcomes in the trade negotiations between the U.S. and Japan as well as likelihood of meaningful trade talks between the U.S. and China lifted market sentiment.
Meanwhile, Federal Reserve Chair Jerome Powell's hawkish comments on Wednesday drained markets' hope of an early rate cut by the Fed. Powell warned of risks that the new tariff policies could push inflation and employment further from the central bank's goals. He also said the Fed would wait for more data on ...