India, June 2 -- The Bitcoin-led decline in cryptocurrencies deepened further on Tuesday as markets digested the sale of Bitcoins by Bitcoin champion Michael Saylor's Strategy Inc. Losses were limited by reports that the diplomatic route was still on track to end the Middle East war. Overall cryptocurrency market capitalization has slipped almost 3 percent in the past 24 hours while Bitcoin dropped to a low of $69,251.
Sentiment remains heavily impacted by the sale of Bitcoins by Strategy Inc, the leading Bitcoin treasury company. Strategy Inc, on Monday announced the sale of 32 of its Bitcoin holdings during the period May 26 to 31. The first sale by the company in four years eroded confidence in Bitcoins in particular and in the cryptocu...