India, May 11 -- Cryptocurrencies are trading slightly above the flatline even as global financial markets grapple with the uncertainty related to the Middle East conflict as well as brace for key events like inflation data release, new Fed chairmanship, etc. Overall cryptocurrency market capitalization has increased more than half a percent in the past 24 hours.
Fresh uncertainty gripped the Middle East peace process after President Trump rejected Iran's response to the peace plan. While crude oil rallied, bond yields spiked and the dollar strengthened in response to the development, prices of gold have declined.
Consumer price readings due from the U.S. on Tuesday morning is expected to reveal an uptick in annual headline inflation as w...