Analyst: Bitcoin fails to benefit from the rise in the US stock market.

XM analyst Achilleas Georgolopoulos stated in a report that bitcoin has fallen and failed to benefit from the improvement in risk appetite that pushed the US stock market to record highs overnight. He said that bitcoin fell alongside gold prices, while oil prices remained sticky, indicating that concerns about the collapse of US-Iran peace negotiations and the resumption of hostile actions still exist. He added that investors in the US stock market may be overly optimistic. Data from the London Stock Exchange Group shows that bitcoin fell by 0.2% to $75,868.