Ethereum clocked overnight gains in excess of 8 percent while Bitcoin jumped to a high of $74,469 in the past 24 hours amidst a broadly positive sentiment in the cryptocurrency market. The dollar’s decline, the slide in the prices of crude oil, the easing in bond yields as well as an uptick in equity markets globally boosted market sentiment. Overall cryptocurrency market capitalization has increased more than 4 percent in the past 24 hours.

Sentiment was also boosted by renewed hopes of institutional support to the cryptocurrency market. Data from Coinglass showed Virginia-headquartered Strategy Inc (MSTR) on Monday acquiring 22,337 Bitcoins worth $1.57 billion. The leading Bitcoin treasury company led by Michael Saylor has lifted its…