India, Nov. 13 -- Negative strength prevails in the crypto markets amidst a continued strengthening in the U.S. dollar. Expectations of a rate hike by the Federal Reserve in December strengthened the dollar. Overall cryptocurrency market capitalization has plunged to $2.33 trillion from $2.41 trillion a day earlier. Bitcoin traded between $67,731.20 and $71,485.50 during the past 24 hours.
The six-currency Dollar Index which measures the dollar's strength against basket of 6 currencies is currently trading at 103.25, rising 0.08 percent from 103.17 a day earlier. The index had touched a high of 103.30 a day earlier.
The CME FedWatch tool that tracks the expectations of interest rate traders shows the likelihood of a quarter percentage rat...