India, June 18 -- Weak sentiment prevails in crypto markets ahead of the Fed's interest rate decision and forward guidance due on Wednesday afternoon. The raging conflict between Israel and Iran also dampened sentiment.
Losses were limited by positive sentiment following the U.S. Senate passing the stablecoin Bill. The regulatory support for the crypto industry is expected to provide greater legitimacy for the asset class.
Overall crypto market capitalization has slipped 1.6 percent in the past 24 hours. It is currently at $3.25 trillion. The 24-hour trading volume has in the meanwhile decreased more than 8 percent overnight to $120 billion.
Bitcoin slipped 1.5 percent overnight to trade at $104,689. It is currently trading 7 percent bel...