India, April 13 -- Overall market capitalization increased more than a percent in the past 24 hours, helped by major cryptocurrencies trading firmly above the flatline. The failure of the weekend negotiations between the U.S. and Iran or the spike in crude oil prices amidst the fresh blockade of the Strait of Hormuz have not dampened market sentiment significantly.
Market sentiment was bolstered by institutional support to the cryptocurrency market. Virginia-headquartered Strategy Inc (MSTR) on Monday said it acquired 13,927 Bitcoins worth $1 billion during the period between April 6 and April 12. The leading Bitcoin treasury company led by Michael Saylor has lifted its total holdings of Bitcoins to 780,897 or 3.72 percent of Bitcoin's tot...