India, May 14 -- Cryptocurrencies are trading slightly above the flatline on Thursday morning as markets react to the multiple catalysts impacting the digital assets market. The massive outflows from U.S.-listed Bitcoin Spot ETF products, the looming transition at the helm of the Federal Reserve from Jerome Powell to Kevin Warsh, the impending Senate vote on the U.S. Clarity Act, the higher-than-expected levels of inflation readings in the U.S., all swayed sentiment in the cryptocurrency market. Overall cryptocurrency market capitalization has increased a little over a quarter percent in the past 24 hours.
Amidst disappointment surrounding the hotter-than-expected inflation readings from the U.S., Bitcoin Spot ETF products in the U.S. witn...