India, Feb. 10 -- Cryptocurrencies rallied in the past 24 hours despite fresh tariff threats issued by the U.S. Bitcoin rallied more than a percent whereas the broader crypto currency market has seen market capitalization increase 1.4 percent in the past 24 hours.
The price movement in the cryptocurrency market comes amidst an easing in global bond yields, the Dollar's surge and a massive jump in the price of gold.
Ten-year bond yields in the U.S. decreased 0.20 percent whereas the 5-year tenor saw a decline of 0.18 percent. Ten-year bond yields eased in Germany, France, Japan, Canada as well. A decline in general interest rates bodes well for cryptocurrencies that are typically non-interest bearing.
The six-currency Dollar Index which m...