The S&P 500 posted its longest weekly winning streak since 2023, gaining for the ninth consecutive week. Brent crude stabilized near $92 a barrel on hopes of a U.S.-Iran ceasefire. But the biggest cryptocurrencies failed to follow.
Bitcoin slipped 2.6% over the past seven days to $73,445. Ether fell 2.5% to $2,011. Solana dropped 2.2%, and TRON's TRX posted the worst weekly loss among the top ten, down 5.6%. Dogecoin finished flat.
The pullback coincided with cooling spot Bitcoin ETF inflows, which analysts say added downward pressure even as macro conditions improved.
One bright spot: Hyperliquid's HYPE token surged 19.4% to $65 after Intercontinental Exchange CEO Jeffrey Sprecher praised the decentralized exchange, calling it "bigger than NASDAQ." BNB edged up 1.9%, and XRP eked out a 0.7% gain.
President Trump said he is ready to make a "final determination" on a 60-day ceasefire with Iran but reiterated demands that Iran abandon its nuclear program and open the Strait of Hormuz. The macro rally remains fragile-one bad headline could reverse the gains.