西班牙国家报：加密货币受避险情绪影响：比特币几乎已经抹去了今年的所有涨幅

Core Insights - The cryptocurrency market is facing significant challenges, with digital assets experiencing a prolonged decline, leading to record outflows from ETFs and reduced retail demand, primarily due to uncertainties surrounding interest rate cuts, macroeconomic data, and the outlook for artificial intelligence [1][2]. Group 1: Market Performance - Bitcoin has struggled to maintain its value above $100,000, ultimately falling to $95,947.76, influenced by a new wave of risk aversion and a massive sell-off in tech stocks [1]. - Since early October, Bitcoin's market capitalization has evaporated by over $450 billion, with a notable net outflow of approximately $870 million from Bitcoin ETFs in a single day, marking the second-largest daily redemption since Bitcoin's inception [2]. - Year-to-date, Bitcoin has only increased by about 3.3%, contrasting sharply with the S&P 500's return of 15% and the IBEX35's return of 40% [2]. Group 2: Broader Market Trends - The overall cryptocurrency market has shown signs of weakness, with significant declines in other cryptocurrencies such as Ethereum (down 5%), Ripple (down 5%), Solana (down over 8%), and Binance Coin (down 3%) [3]. - Related stocks, such as Strategy, which was once a major Bitcoin holder, have also suffered, with its stock price dropping over 30% this year and currently trading at its lowest level since October 2024, indicating a lack of investor confidence in its high-leverage model [3].