India, Sept. 3 -- Cryptocurrencies are trading on a strongly positive note amidst improving sentiment across markets. Bond yields eased and Gold touched a fresh all-time high as markets reinforced bets of a quarter-percentage rate cut by the Fed in September.
The CME FedWatch tool that tracks the expectations of interest rate traders currently shows expectations of a quarter point rate cut by the Fed in September at 91.7 percent. It was 92.7 percent a day earlier.
Amidst the emphatic rebound, the CMC Crypto Fear and Greed Index, a proprietary tool developed by CoinMarketCap to measure the emotional state of the market improved to the neutral territory with a rise to 42. The reading was at 39 a day earlier, implying a state of fear. Overal...