India, July 23 -- Cryptocurrencies are trading on a mixed note even as market leader Bitcoin disappointed with an overnight decline. Cryptocurrencies failed to surge in tandem with the risk-on sentiment triggered by the trade deal between the U.S. and Japan. Outflows from Bitcoin Spot ETF products in the U.S. also dampened market sentiment. Excitement about a firm legislative framework for cryptocurrencies in the U.S. however limited losses.
Overall crypto market capitalization has decreased 0.33 percent in the past 24 hours. It is currently at $3.9 trillion. The 24-hour trading volume has decreased more than 15 percent overnight to $187 billion.
Despite the muted overnight performance, Bitcoin's crypto market dominance stands at 60.2 per...