Saxo Bank: Cryptocurrencies fall as risk-off sentiment rises

PANews, February 24 – According to Walter Bloomberg, Saxo Bank analysts stated that due to concerns over the impact of artificial intelligence and uncertainties surrounding tariffs dampening investor sentiment, cryptocurrencies have declined alongside other risk assets. The US 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 sync with overall market sentiment rather than following their own fundamentals.