The S&P 500 posted its longest weekly winning streak since 2023 and Brent oil stabilized near $92 on US-Iran ceasefire hopes. The biggest cryptocurrencies still drifted lower, with Hyperliquid’s HYPE the only major name to rally.
Source: CoinDesk
Cryptocurrency prices for Bitcoin, ether, XRP, and dogecoin have struggled to keep pace with a robust nine-week rally in the stock market, primarily due to a cooling demand for exchange-traded funds (ETFs). Investors have shown increased interest in equities, leading to a shift away from digital assets. This trend has raised concerns about the future momentum of cryptocurrencies as regulatory uncertainties and market volatility continue to loom. Despite the recent slowdown, analysts remain cautiously optimistic about the long-term potential of these digital currencies, suggesting that shifts in market sentiment could reignite interest in the crypto sector.
The S&P 500 posted its longest weekly winning streak since 2023 and Brent oil stabilized near $92 on US-Iran ceasefire hopes. The biggest cryptocurrencies still drifted lower, with Hyperliquid’s HYPE the only major name to rally.
Source: CoinDesk