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Saxo Bank: Cryptocurrency assets are declining in tandem with other risk assets despite not following their fundamentals
Odaily Planet Daily reports that Goldman Sachs analysts say that concerns over the impact of artificial intelligence and uncertainties regarding tariffs have dampened investor sentiment, causing cryptocurrencies to fall along with other risk assets. U.S. spot Bitcoin and Ethereum ETFs experienced net outflows of approximately $203.8 million and $49.5 million, respectively, indicating a reduced risk appetite. Analysts note that cryptocurrencies are currently trading in sync with overall market sentiment rather than following their fundamentals. (Walter Bloomberg)