India, May 19 -- Cryptocurrencies are trading close to the flatline even as world markets brace for the developments related to the Middle East war. Hopes of a negotiated settlement dragged down crude oil prices, resulting in a decline in bond yields as well as the safe haven dollar trading on a flat note. Overall cryptocurrency market capitalization has edged up in the past 24 hours. Market leader Bitcoin traded between $77,749 and $76,029.
With markets more or less remaining stable, CoinMarketCap's Fear and Greed Index is remaining steady at 39, a reading implying fear in the market. The index was at 49 (neutral) a week ago.
Data for the past 24 hours from Coinglass shows crypto liquidations, i.e. the forced closure of a trader's levera...