India, March 10 -- Cryptocurrencies declined in the past 24 hours as renewed concerns over a recession in the United States dampened global market sentiment, including for risk sensitive cryptocurrencies.
Overall cryptocurrency market capitalization declined more than 3 percent to $2.64 trillion whereas close to three-fourths of the top 100 cryptocurrencies are now trading with overnight losses of more than a percent.
The decline in the dollar-denominated prices of cryptocurrencies is despite broad dollar weakness and an easing in bond yields.
The six-currency Dollar Index which measures the U.S. Dollar's strength against a basket of 6 currencies is currently at 103.81 versus 103.84 at close on Friday.
Ten-year bond yields in the U.S. d...