PANews reported on February 24th that, according to Walter Bloomberg, Saxo Bank analysts stated that cryptocurrencies fell along with other risk assets as concerns about the impact of artificial intelligence and tariff uncertainty dampened investor sentiment. The US spot Bitcoin and Ethereum ETFs saw net outflows of approximately $203.8 million and $49.5 million respectively, indicating decreased risk appetite. Analysts stated that cryptocurrencies are currently trading in sync with overall market sentiment rather than following their own fundamentals.
Saxo Bank: Cryptocurrencies fall due to heightened risk aversion.
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