India, Aug. 11 -- Latest reports claiming the U.S. and Iran were close to an arrangement to end the Middle East conflict failed to revive sentiment in cryptocurrency markets, early on Tuesday. The decline in crude oil prices or the easing in bond yields or the greenback's retreat did not suffice to lift cryptocurrencies into an overnight positive territory. Large outflows from Bitcoin Spot ETF products on Monday abetted the decline in cryptocurrency prices on Tuesday morning.
Overall crypto market capitalization has decreased more than half percent in the past 24 hours while Bitcoin has shed 0.7 percent during the same period. The leading cryptocurrency is currently trading near $64,165. Sentiment remains weak as markets digested the Bitco...