Bitcoin hovered near $64,000 as MSCI’s global equity index pushed to another record and Brent crude slipped on hopes of a Strait of Hormuz agreement. Ether stood out as the only major cryptocurrency posting a weekly loss.
Digital assets were largely subdued on Wednesday, even as global stocks rallied to fresh highs on renewed AI-driven optimism—leaving crypto lagging a move it typically mirrors.
BTC traded just above $64,000, up less than 1% on the day and little changed over the past week. Ether fell to $1,864, down around 2% on the week. XRP eased करीब 1% to $1.07, dogecoin dipped to just under $0.07, and tron edged lower to about $0.33. Solana was steady near $73.60, while BNB gained over 1% to $598, leading majors with a 5% weekly rise. Hyperliquid’s HYPE token outperformed, climbing 3% to nearly $56 and posting similar gains over seven days.
Equities moved in the opposite direction. MSCI’s All Country World Index rose 0.4% toward another record close, its Asia-Pacific gauge jumped 2.2%, and Australian stocks hit fresh highs after both the S&P 500 and Dow Jones closed at record levels on Tuesday.
Single-stock moves were mixed. SK Hynix surged 6.4% at the open in Seoul, while Nvidia added more than 2% after hours. AMD dropped 9% on weak guidance, and SpaceX fell 7.5% amid expectations of higher AI spending.
Oil declined, with Brent crude down 1.1% to about $78.50 per barrel after reports that the U.S., Iran, and Oman were nearing a deal to reopen the Strait of Hormuz, potentially to be announced Wednesday. Meanwhile, Treasuries and gold advanced as traders scaled back expectations for further rate hikes.
Despite favorable macro conditions—falling oil, easing rate outlooks, and strong equity momentum—crypto has failed to react for three consecutive sessions, pointing to internal weakness rather than external pressure.
Bitcoin still trades roughly 49% below its October peak of $126,000, while ether continues to lag on the week. Focus now turns to a potential Hormuz announcement. If confirmed, it could act as the clearest macro catalyst for crypto in the near term. But if prices remain unmoved, it may suggest capital is rotating elsewhere.
