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Bitcoin traded lower at $87,700 while traditional risk assets like equities and gold rallied. Gold rose 1.4% to $5,080 an ounce, outperforming both equities and crypto. The S&P 500 hit all-time highs, while Nasdaq 100 closed in on its prior record. Bitcoin’s decoupling from traditional assets is evident. Ethereum is trading slightly above $2,900, down 1.85% for the day.
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