India, April 23 -- Cryptocurrencies declined close to 2 percent in the past 24 hours as geopolitical tensions in the Middle East as well as disruptions in the Strait of Hormuz weighed on overall market sentiment. Bitcoin dropped to $77,222 from its 24-hour high of $79,468 whereas Ethereum dropped to $2,308 from the high of $2,423 recorded during the same period.
The delay in progressing the U.S. Clarity Act and reports of banking groups campaigning against the same, citing the provisions related to yield on stablecoins also weighed on sentiment. Markets also digested the latest quarterly results from Tesla, Inc. (TSLA) which showed a loss of $222 million on its digital assets portfolio.
The 24-hour statistics from Coinglass shows liquidat...