India, May 27 -- Cryptocurrencies are trading strongly in the green amidst an easing in trade related tensions between the U.S. and its trading partners, particularly the European Union. Risk appetite has been boosted by President Donald Trump delaying the start of a proposed 50-percent tariff on imports from the European Union, from June 1 to July 9. Gains were however limited by profit-booking as well as anxiety ahead of the release of the FOMC minutes on Wednesday and the PCE-based U.S. inflation readings on Friday. Overall crypto market capitalization has increased more than a percent in the past 24 hours. It is currently at $3.48 trillion. The 24-hour trading volume has increased more than 16 percent overnight to $119 billion.
Bitcoin...