India, May 30 -- Renewed trade jitters dragged down sentiment across the crypto market. Worries about the legal ramifications of the tariffs in the U.S. complicating the trade tariff environment as well as the trade negotiations between the U.S. and its trading partners dampened crypto market sentiment. Outflows from Bitcoin Spot ETF products also swayed market sentiment. The PCE-based inflation readings from the U.S. that more or less matched expectations limited losses.
Close on the heels of a trade court in the U.S. setting aside the reciprocal tariffs imposed by the Trump administration, an appeals court temporarily reinstated it, rattling global market sentiment.
Bitcoin-based Spot ETF products in the U.S. recorded outflows of $347 m...