India, March 20 -- The relief rally triggered by reports of an end to the legal between Ripple Labs and the Securities and Exchange Commission got a further boost as Fed Chair Jerome Powell downplayed the potential effects of the trade tariffs on inflation. Overall crypto market capitalization is currently at $2.81 trillion, implying an overnight surge of around 3 percent.
The Fed on Wednesday held rates steady as widely expected. The Fed Chair termed the potential effect of trade tariffs on inflation as transitory. The remarks helped ease concerns about the Fed embarking on hawkish action to address concerns about inflation attributed to the trade war.
In the Summary of Economic Projections released simultaneously, the Fed lowered the GD...