Cryptocurrency indexes experienced a downturn this week, reflecting a broader decline in risk assets. Bitcoin underperformed compared to exchange tokens and buyback leaders, contributing to the overall negative trend. The S&P 500 and Nasdaq 100 both fell by over 1%, while gold prices increased, indicating a shift towards safer assets.
The AI sector also faced significant losses, with a 26% drop and TAO reaching multi-month lows. As year-end uncertainty looms, risk management strategies are becoming increasingly important for traders navigating the volatile market conditions.
Crypto Indexes Decline Amid Broader Market Weakness
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