India, Aug. 27 -- Cryptocurrencies are trading on a positive note amidst strong inflows to U.S.-listed Bitcoin Spot ETF products. Anxiety ahead of the Jackson Hole central bankers' symposium and Fed Chair's speech however weighed on market sentiment. Amidst the growing risk appetite, the leading cryptocurrency Bitcoin rose to a 24-hour high of $80,516 but has since retreated to $79,247. Overall crypto market capitalization has increased to $2.67 trillion, implying an overnight gain of a little less than 2 percent.
The CMC Crypto Fear and Greed Index that tracks sentiment in the crypto market has dropped to 80 (Extreme Greed) from the yearly high of 81 (Extreme Greed) recorded a day earlier. The index was at 64 (Greed) a week ago and 35 (Fe...