India, March 28 -- Renewed market turbulence attributed to the ever-intensifying global trade war has dampened sentiment towards cryptocurrencies further. Overall crypto market capitalization has fallen to $2.77 trillion amidst major declines in top-ranked crypto currencies. Anxiety ahead of the Fed's preferred PCE inflation gauge also weighed on market sentiment.
Recently announced tariffs on automobile imports to the U.S. as well as President Donald Trump's warnings of deeper tariffs on Canada and the European Union has dented crypto market sentiment heavily.
The release of the PCE-based inflation data also contributed to caution. In data to be released on Friday by the U.S. Bureau of Economic Analysis, markets expect the year-on-year P...