India, Sept. 15 -- Cryptocurrencies are trading on a deeply negative note on Tuesday morning amidst an anxious wait for the Senate's vote on the Clarity Act, scheduled for Tuesday afternoon. The Fed's looming decision on interest rates due on Wednesday afternoon also stirred risk aversion in the cryptocurrency market.
Only 1 of the top 10 non-stablecoin cryptocurrencies are trading in overnight positive territory. Bitcoin traded between $75,690.80 and $78,246.40 during the past 24 hours.
Markets overwhelmingly expect the Federal Reserve to raise rates by quarter percentage point on Wednesday afternoon. The CME FedWatch tool shows the likelihood of a rate hike at 92.7 percent.
Crypto market sentiment has also been impacted by the massive ...