India, Sept. 8 -- Cryptocurrencies are trading on a mixed note on Tuesday morning as markets digest the escalation in geopolitical tensions in the Middle East, the surge in crude oil prices and the strong bets of a Fed rate hike in the ensuing FOMC. The dollar's weakness limited the losses.
Brent crude oil Futures for November settlement is currently trading at $97.87, gaining 0.90 percent from the previous close. WTI Crude oil for October settlement is currently trading at $92.94, jumping 1.60 percent on an overnight basis.
The CME FedWatch tool that tracks the expectations of interest rate traders shows the likelihood of rate hike by the Fed on September 16 at 58.4 percent. It was 59.4 percent a day ago, 67.2 percent a week ago and 44.4...