CoinDesk·3 min read·medium

Bitcoin, broader market fail to keep pace as global equities hit record highs

F
Francisco Rodrigues
Bitcoin, broader market fail to keep pace as global equities hit record highs
AI Summary

Global equities reached record highs, but Bitcoin and the broader crypto market have struggled to keep pace due to capital rotation into AI-linked assets. Analysts note that institutional interest in crypto has cooled as AI dominates market attention.

MSCI's All Country World Index rose 0.4% toward another record close, its Asia Pacific benchmark gained 2.2%, and Australian shares hit a new peak after the S&P 500 and Dow Jones Industrial Average closed at all-time highs Tuesday.

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