India, July 7 -- Prices of cryptocurrencies have rallied in the past 24 hours as markets digested the strong inflows to Bitcoin Spot ETF products in the U.S. on Monday. Anxiety ahead of the release of the FOMC minutes on Wednesday however limited gains. Bitcoin traded between $64,597.57 and $61,275.83 during the past 24 hours.
Bitcoin Spot ETF products in the U.S. witnessed net inflows rising to $266 million on Monday from $224 million on Thursday. iShares Bitcoin Trust (IBIT) topped with net inflows of $209 million.
The mildly positive price movements in the cryptocurrency market coincide with a hardening in sovereign bond yields, firming up of the Dollar Index, uptick in crude oil prices, slippage in prices of the yellow metal as well a...