Precious metals and crude oil have experienced gains, but bonds and large-cap tech stocks are under pressure and declining. The market is preparing for potential volatility on Friday.

This divergence among assets reflects investors' concerns about the near-term economic outlook. Safe-haven sentiment is driving funds into traditional safe-haven assets like precious metals and energy, while uncertainty about growth prospects is weighing down the performance of overvalued tech stocks. Changes in bond yields have also intensified the market's divergence pattern.

For traders focused on multi-asset allocation, this cross-asset correlation warrants close observation. Historically, risk spillovers from traditional financial markets often impact the cryptocurrency market. When safe-haven sentiment rises and tech stocks come under pressure, volatility in digital assets tends to increase accordingly. The shift in market sentiment before the weekend may set the stage for next week's price movements.