India, June 25 -- A mixed trend prevails in cryptocurrency markets as investors digest the current geopolitical situation as well as the recent congressional testimony by Fed Chair Jerome Powell. Renewed hopes of a sustained ceasefire between Iran and Israel supported sentiment. Markets also assessed the Fed's potential interest rate trajectory in the wake of Chair Jerome Powell's congressional testimony that reiterated a wait and watch approach to monetary policy.
Anxiety ahead of the pending updates on first quarter GDP reading due on Thursday and the Fed's preferred PCE-based inflation readings for the month of May due on Friday continued to sway sentiment.
Overall crypto market capitalization has added 0.9 percent in the past 24 hours...