India, Oct. 29 -- Major cryptocurrencies are trading in the overnight red zone as markets reacted to the dissent by two FOMC members in support of a quarter percentage hike. Fresh worries about the AI trade, the disappointing earnings updates from some big tech companies as well as the spike in PCE inflation also made crypto markets jittery. Overall cryptocurrency market capitalization slipped close to half a percent and Bitcoin traded between $81,703 and $79,607 during the past 24 hours.
Crypto markets digested the decision by the Fed to maintain the target range for the federal funds rate at 3.75 to 4 percent. However, the hawkish tone in the Federal Open Market Committee's statement and the absence of a unanimous decision to hold rates ...