Bitcoin and ether remain near $73,000 and $2,000 despite record equities and a 60-day U.S.-Iran ceasefire extension.
Bitcoin and ether showed minimal movement, trading near $73,000 and $2,000 respectively, despite a rally in global stocks and a decline in oil prices. The largest cryptocurrencies fell 5% to 7% over the past week as macroeconomic tailwinds failed to provide sustained support.
Global equities, measured by the MSCI All Country World Index, reached all-time highs, while Brent crude slipped 0.5% to $93 a barrel, its worst monthly performance since March 2020. A tentative 60-day U.S.-Iran ceasefire extension added to the bearish oil sentiment but did not translate into crypto gains.
Analysts attribute the stagnation to regulatory uncertainty in the U.S., softer demand for spot ETFs, and bitcoin’s break below key moving averages. Without a clear near-term catalyst, institutional buyers remain on the sidelines.