India, July 16 -- The euphoria in crypto markets that followed the lower-than-expected inflation readings from the U.S. fizzled amidst a fresh wave of profit booking.
The selloff mellowed the climb in cryptocurrency prices, resulting in overall crypto market capitalization declining around half percent overnight. Inflows to U.S.-listed Bitcoin Spot ETF products on Wednesday limited losses whereas a surprise rate hike by Bank of Korea as well as the unabated geopolitical situation in the Middle East dampened sentiment. Bitcoin traded between $65,508 and $63,846 during the past 24 hours.
The CMC Crypto Fear and Greed Index that tracks sentiment in the crypto market shows a reading of 34 versus 35 a day earlier. Both the readings imply a sen...