Crypto Market Analysis: Bitcoin Underperforms Stocks and Gold as Investors Shift to Defensive Assets

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Bearish

Crypto Market Analysis: Bitcoin Underperforms Stocks and Gold as Investors Shift to Defensive Assets

Cryptocurrency markets failed to match the positive momentum seen in stock markets and precious metals during Wednesday's trading session. Bitcoin recorded only minor gains while hovering around $112,000, remaining near the lower boundary of its current trading range.

Alternative cryptocurrencies demonstrated even weaker performance, with FET token declining 6.2% following Ocean Protocol's decision to exit the ASI Alliance and reportedly divest its holdings.

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