WS #16994

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Bitcoin has demonstrated resilience by recovering above the $76,000 level, even as equity markets plunged. This divergence suggests that crypto investors are decoupling from traditional risk assets or viewing Bitcoin as a hedge against the tech sector's volatility. ETF outflows of $430 million were absorbed, indicating underlying demand.

Crypto Resilience

Bitcoin has demonstrated resilience by recovering above the $76,000 level, even as equity markets plunged. This divergence suggests that crypto investors are decoupling from traditional risk assets or viewing Bitcoin as a hedge against the tech sector's volatility. ETF outflows of $430 million were absorbed, indicating underlying demand.

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