Bitcoin Weakens While Altcoins Are Declining

Bitcoin and other major cryptocurrencies experienced a decline as the total value of the crypto market fell by 1.4%. The total market capitalization has decreased to 2.97 trillion dollars.

Meanwhile, global stock indices reached new highs. The MSCI All Country World Index has recorded gains for the fifth consecutive day.

Investors are drawing attention with their increasing risk aversion. Last week, there was a significant outflow from crypto investment products.