India, July 1 -- After a painful June that witnessed double-digit monthly losses in a majority of the top 10 cryptocurrencies, crypto markets have heralded July on a muted note. Federal Reserve rate hike fears that lifted the dollar as well as the hardening in bond yields continued to dampen crypto market sentiment. Bitcoin traded between $59,360 and $57,748 in the past 24 hours. Overall crypto market capitalization has decreased a little less than half a percent during the same period.
Amidst the Japanese yen's weakness, the six-currency Dollar Index has rallied to 101.37 from 101.19 a day earlier. The index measures the Dollar's strength against a basket of six currencies including the Japanese yen, which has a weight of 13.6 percent. Th...