The cryptocurrency market experienced a downturn on Thursday as the Dow Jones Industrial Average reached a record high, reflecting a shift in investor sentiment. Bitcoin dropped 1.5% to $91,000, while Ethereum fell 5% to $3,200. This decline came amid a broader market rotation into economically sensitive stocks following a Federal Reserve rate cut.
Despite the selloff, Bitcoin and Ethereum ETFs saw strong inflows, indicating continued investor interest. The overall crypto market cap decreased by 2.3% to $3.2 trillion, with 97 of the top 100 tokens recording losses. Meanwhile, the Dow Jones surged 1.3%, driven by a move away from AI-linked stocks after Oracle's disappointing earnings report.
Crypto Market Dips as Dow Jones Hits Record High
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