Crypto Market Stalls as Gold Hits Record High and U.S. Stocks Rally

The cryptocurrency market exhibited muted price action on Wednesday, failing to capitalize on positive momentum in traditional markets. While major U.S. stock indices like the S&P 500 and Nasdaq advanced, and gold (XAU) surged to a new all-time record high, digital assets remained largely flat. Key cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH), traded within a narrow range, showing little reaction to the bullish trends in equities and the safe-haven rally in precious metals. This divergence highlights a period of consolidation and indecision among crypto investors, who appear to be awaiting a clearer catalyst. Market analysts suggest that the decoupling from traditional asset movements may indicate a focus on internal crypto market dynamics and upcoming regulatory developments.