India, Oct. 27 -- Cryptocurrencies are trading on a mildly positive note on Tuesday morning even as global markets brace for the Fed's rate setting committee's announcement on Wednesday afternoon. Overall cryptocurrency market capitalization is currently at $2.68 trillion, while Bitcoin is hovering near $79,878. Though the Fed is widely expected to keep rates steady now after the rate hike in September, markets continue to anticipate a rate hike in December. The CME FedWatch tool that tracks the expectations of interest rate traders currently shows the likelihood of a quarter-percent rate hike tomorrow at 9.4 percent and in December at 75.1 percent.
The price movement in the cryptocurrency market comes amidst a mixed sentiment in Wall Stre...