#BinanceLeadsQ1 This idea still keeps traders in a state of tension, limiting the appeal of risk-based assets, such as cryptocurrencies. Speculative assets, like cryptocurrencies, tend to perform poorly during times of economic uncertainty, while safe havens, such as gold and the Japanese yen, excel in performance.

Traders' concern over rising expectations of a recession in the U.S. economy has also been noted, which has further undermined their appetite for risk.