Bitcoin flat at $64,000 as stocks print records and Hormuz deal nears
Bitcoin remains stagnant near $64,000 while global equity markets reach record highs, driven by positive sentiment in the tech sector. Meanwhile, oil prices have dipped following reports of a potential agreement to reopen the Strait of Hormuz.
Why it matters
The decoupling of crypto assets from record-breaking equity markets suggests internal market pressures within the digital asset space.
BTC traded just above $64,000, up under 1% on the day and roughly flat over seven days. Ether slipped to $1,864 and is down 2% on the week, the only major in the red on that view. XRP fell almost 1% to $1.07, dogecoin the same to just under 7 cents and tron under 1% to 33 cents. Solana was flat near $73.60. BNB added over 1% to $598 and leads the majors over seven days at 5%. Hyperliquid's HYPE was the standout, up 3% to nearly $56 and 3% higher on the week.
The equity tape did the opposite. MSCI's All Country World Index rose 0.4% toward another record close, its Asia Pacific benchmark gained 2.2%, and Australian shares hit a new peak after the S&P 500 and Dow both closed at all-time highs Tuesday.
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