Saxo Bank: Crypto Assets Are Not Following Their Own Fundamentals but Are Declining in Sync with Other Risk Assets

Odaily News Saxo Bank analysts stated that cryptocurrencies have declined alongside other risk assets due to concerns over the impact of artificial intelligence and tariff uncertainties dampening investor sentiment. U.S. spot Bitcoin and Ethereum ETFs saw net outflows of approximately $203.8 million and $49.5 million, respectively, indicating a decrease in risk appetite. Analysts noted that cryptocurrencies are currently trading in line with overall market sentiment rather than following their own fundamentals. (Walter Bloomberg)