Mixed Mood In Crypto Markets

Major cryptocurrencies are trading on a mixed note on Tuesday morning, resulting in aggregate crypto market capitalization edge up above the flatline. An easing in bond yields, the dollar's retreat, a reduced likelihood of an October rate hike by the Fed as well as positive catalysts on the regulatory front helped bolster sentiment towards digital assets. However, anxiety ahead of the release of FOMC minutes on Wednesday as well as outflows from U.S.-listed crypto spot ETF products weighed on market sentiment.

Sovereign bond yields eased across tenors and regions. Ten-year U.S. treasuries are currently trading at 5.268 percent, declining 0.85 percent from the previous close. Yields on long-dated 30-year U.S. treasuries also declined 0.64 percent. Ten-year bond yields have eased significantly in Germany, France, U.K., Spain, Italy, Australia as well.

The six-currency Dollar Index which measures the U.S. dollar's strength against a basket of 6 currencies is currently trading at 102.02, declining 0.14 percent from 102.17 at the previous close.

Expectations of a quarter percentage rate hike by the Federal Reserve in October has dropped to 21.6 percent, from 22.1 percent a day earlier and 50.9 percent a week earlier.