India, April 30 -- Amidst anxiety ahead of the Federal Reserve's interest rate decision due on Wednesday, cryptocurrencies plunged more than 3 percent overnight. Fears of a hawkish guidance by the Fed as well as tepid response to the Bitcoin ETF products in Hong Kong also weighed on sentiment. Persisting outflows from Bitcoin spot ETF products in the U.S. also dampened sentiment.
Overall crypto market capitalization is currently at $2.24 trillion, versus $2.3 trillion a day earlier.
Bitcoin slipped 1.5 percent in the past 24 hours to trade at $61,209.25, around 17 percent below the all-time-high. The 24-hour trading range was between $64,703.33 and $60,742.26. Bitcoin has shed 7.3 percent in the past week but is holding on to year-to-date...