India, May 18 -- Fears of a renewed escalation in the Middle East conflict rattled sentiment in the cryptocurrency market. Overall cryptocurrency market capitalization has declined more than 2 percent in the past 24 hours while Bitcoin dropped to a 24-hour low of $76,029.22.
The price movement in the cryptocurrency market comes amidst an overnight decline in the Dollar Index, a mixed trading pattern in the bond market, a slippage in Wall Street indexes, a surge of more than a percent in crude oil prices and an overnight decline in crude oil prices.
Virginia-headquartered Strategy Inc (MSTR) on Monday said it acquired 24,869 Bitcoins worth $2 billion during the period between May 11 and May 17. The leading Bitcoin treasury company led by M...