India, Oct. 20 -- Sentiment in the crypto market suffered amidst a global selloff in AI related stocks. South Korea's KOSPI index declined 3.7 percent whereas Japan's Nikkei 225 shed more than a percent. The tech-heavy Nasdaq Composite is currently trading below the flatline. Amidst the weak sentiment, overall crypto market capitalization has declined more than half percent whereas Bitcoin traded between $82,446 and $81,107.
Meanwhile, the CME FedWatch tool that tracks the expectations of interest rate traders currently shows the likelihood of another quarter-percent rate hike in October at 14.9 percent versus 18.8 percent a day earlier and 22.1 percent a week earlier. The next FOMC meeting is 8 days away.
In respect of the December FOMC,...