India, June 18 -- Cryptocurrencies are trading on a mildly negative note as markets digest the potential rate hikes from the Fed while heaving a sigh of relief at the signing of the U.S.-Iran peace deal to end the Middle East conflict. BTC traded between $66,354 and $63637 in the past 24 hours. Overall crypto market capitalization decreased a little more than a percent during the same period.
The Federal Reserve on Wednesday, unanimously decided to hold rates steady at 3.50- 3.75 percent. The FOMC acknowledged that economic activity was expanding at a solid pace despite the elevated uncertainty from the Middle East conflict. The Committee noted that inflation was elevated relative to the Committee's 2 percent goal and committed itself to d...