The crypto rally took a pit stop Thursday as global equities surged to new records on hopes of a cease-fire between the U.S. and Iran.
Bitcoin traded at $80,945 in Asian hours, down 0.7% in 24 hours but still up 6.9% on the week. Ether slipped 2% to $2,326. Dogecoin was the biggest laggard among major tokens, sliding 4.4% to $0.1106 after a strong run last week.
XRP held at $1.41, BNB rose 1.3% to $643, and Solana jumped 6.1% on the week to $88.06.
The pullback came as the MSCI All Country World Index advanced 0.3% and MSCI's Asia gauge hit a record, with Japan's Nikkei 225 reaching an intraday high. Wall Street closed at all-time highs, with about 80% of S&P 500 companies beating earnings estimates.
Brent crude held under $102 a barrel on expectations a deal could resume oil shipments through the Strait of Hormuz. Gold rose for a third straight day to $4,700 an ounce on Fed rate-cut bets.
FxPro chief market analyst Alex Kuptsikevich said bitcoin's next test is the 200-day moving average around $83,300. A firm consolidation above that would be a further bullish signal. He noted short-term profit-taking is likely as bitcoin approaches that level.
Tether's market cap has grown by $5.9 billion over the past 60 days, signaling fresh capital entering crypto. Morgan Stanley indicated U.S. banks may eventually hold bitcoin on balance sheets despite current regulatory barriers. Western Union launched its own stablecoin, USDPT, on Solana to bypass traditional settlement delays.
BitMine added more than 100,000 ETH for the third straight week, bringing its ether reserves to 5.18 million ETH, roughly $13 billion or 4.29% of total supply.