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Stock markets hit record highs while cryptocurrencies face pressure, Anndy Lian notes
Anndy Lian highlights a notable divergence between traditional equities and digital assets, noting that stock markets are currently reaching record highs, while cryptocurrencies are under substantial selling pressure.
Lian also points to a tentative 60-day U.S.-Iran ceasefire agreement, which has played a role in significantly lowering global geopolitical risk.
Lian previously reported a 0.62 percent decline in crypto market cap to $2.54 trillion as institutional investors continued to exit. He has also questioned whether Bitcoin can maintain $74,000 support and noted 11 consecutive days of outflows from Ethereum ETFs. These developments mark persistent outflows in the digital asset sector.
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