Bitcoin is Weakening While Altcoins are Declining.

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

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 increasing risk aversion. Last week, there was a significant outflow from crypto investment products.