India, April 11 -- Cryptocurrencies are trading on a mixed note even as markets digested the dollar's weakness amidst persisting tensions on the trade front. The Dollar Index or DXY, a measure of the dollar's weakness against a basket of 6 currencies is currently trading at 99.75 after hitting a 3-year low earlier in the trade.
The dollar has been particularly bruised ever since President Trump introduced massive reciprocal tariffs on its trade partners on April 2 that stunned world markets. Though the DXY closed at 103.81 on the day, it has steadily descended since then and touched a low of 99.01 by Friday a level last traded in March 2022. The rising trade tensions between the U.S. and China dragged down the greenback.
Softer-than expec...