CRYPTO TRACKS EQUITIES, NOT DIVERSIFIES Cryptocurrencies are moving in line with equities, acting as an extension of market risk rather than a hedge, says Saxo Bank. Defensive sentiment persists due to ETF outflows and fragile liquidity. Bitcoin rebounded 4.9% to $66,217, and Ether climbed 3.9% to $1,918 after recent multi-month lows.(*Walter Bloomberg)