India, Aug. 10 -- Cryptocurrencies declined during the past 24 hours as markets reconciled to the uncertain geopolitical situation in the Middle East and the spike in crude oil prices that followed. The unexpected decline in U.S. payrolls as well as anxiety ahead of the looming data releases on consumer price inflation and producer price inflation from the U.S. during the week swayed market sentiment. The recent Bitcoin sales by Strategy Inc also weighed on markets. Overall crypto market capitalization has decreased more than half percent while Bitcoin is trading at $64,732.
The uncertainty surrounding the geopolitical situation in the Middle East as well as concerns about restoration of shipping through the Strait of Hormuz weighed on cru...