Bitcoin, ether, XRP, dogecoin lag a nine-week stocks rally as ETF demand cools
60-second summary
The S&P 500 continues its longest weekly winning streak since 2023, while Brent oil stabilizes near $92 on US-Iran ceasefire hopes. Meanwhile, Bitcoin, ether, XRP, and dogecoin lag behind, drifting lower despite the positive market sentiment. Hyperliquid's HYPE is an exception, rallying in a rare bright spot for major cryptocurrencies, as demand for ETFs cools, affecting the market.
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.