India, Feb. 19 -- Cryptocurrencies continue to trade on a muted note as fresh trade jitters and uncertainty ahead of the release of the FOMC minutes weighed on sentiment.
According to Reuters, U.S. President Donald Trump said on Tuesday that he intends to impose auto tariffs "in the neighborhood of 25%" and similar duties on semiconductors and pharmaceutical imports, the latest in a series of measures threatening to upend international trade. The comments which triggered a spike in bond yields, a strengthening of the U.S. Dollar and a rally in gold prices also impacted crypto market sentiment.
Minutes of the Federal Open markets Committee held on January 28-29, 2025, are due for release on Wednesday afternoon, keeping crypto markets nervy...