India, June 25 -- Cryptocurrencies declined heavily in the past 24 hours as markets grappled with multiple negative news and market actions that catalyzed a selloff in digital currencies. Lingering fears of a Fed rate hike as well as hawkish comments from Bank of Japan dampened market sentiment triggering massive outflows from Bitcoin Spot ETF products as well as heavy liquidations of crypto long positions. Bitcoin traded between $63,098 and $59,030 in the past 24 hours. Overall crypto market capitalization decreased a little more than a percent during the same period.
The price movements in the crypto market came also amidst the dollar's retreat, an uptick in Wall Street futures, an extended decline in crude oil prices as well as a mixed ...