Bitcoin Weakens While Altcoins Are Falling

Bitcoin and other major cryptocurrencies have declined as the total crypto market value dropped by 1.4%. The total market capitalization has fallen to $2.97 trillion.

Meanwhile, global stock indices have reached new highs. The MSCI All Countries World Index has recorded a rise for the fifth consecutive day.

Investors are highlighting increased risk aversion. Last week, there was a significant outflow from crypto investment products.