$ETH ,$SOL ,$ADA slump as bitcoin weakness lingers despite record stocks jump :
Investors are showing increased risk aversion, with significant outflows from crypto investment products last week.
What to know:
Bitcoin and major cryptocurrencies declined as the total crypto market value fell 1.4% to $2.97 trillion.
Global stocks reached new highs, with MSCI’s All Country World Index rising for a fifth consecutive session.
Investors are showing increased risk aversion, with significant outflows from crypto investment products last week.
Bitcoin and major tokens slipped Wednesday as the total crypto market value fell 1.4% to $2.97 trillion, dropping back below the $3 trillion level after another failed attempt to sustain a rebound.
Bitcoin traded around $86,900, failing to sustain a break above $90,000 for the third time in as many days, while ether slid 1.5% to roughly $2,927. XRP, solana and dogecoin posted larger losses, with solana down nearly 3% and XRP off almost 2%.
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