India, March 21 -- Cryptocurrencies are trading way below the flatline amidst tensions attributed to geopolitical developments and the turbulent trade tariff environment. Concerns about economic growth in the U.S. also weighed on sentiment.
Overall crypto market capitalization erased more than a percent overnight and is currently at $2.75 trillion. The 24-hour trading volume declined more than 29 percent to $74 billion.
The decline in crypto prices as well as the resultant dip in market capitalization came also amidst the Dollar's recent surge driven by the drop in risk appetite. The six-currency Dollar Index which measures the Dollar's surge against a basket of 6 currencies is currently at 103.98, versus 103.85 a day ago and 103.43 two d...