Dogecoin slides 4%, bitcoin rally pauses as Iran ceasefire optimism lifts equities
Bitcoin paused below $81,000 while Dogecoin fell 4% Thursday as global equities surged on US-Iran ceasefire optimism. Ether slipped 2% to $2,326. Despite the pullback, bitcoin remains up 6.9% weekly. Analysts target $83,300 as a key bullish level. Growing stablecoin issuance and institutional interest from Morgan Stanley support long-term momentum for Indian crypto investors tracking major movements.
Key takeaways
- 1Bitcoin held at $80,945 (down 0.7% daily) while Dogecoin fell 4% as equities surged on US-Iran ceasefire optimism.
- 2Bitcoin's 200-day moving average near $83,300 is the next key bullish test level analysts are watching.
- 3Tether's market cap grew $5.9 billion in 60 days and Morgan Stanley signaled US banks may eventually hold bitcoin.
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Why it matters
This pullback amid global equity strength shows crypto's correlation with risk sentiment. For Indian investors, rising institutional adoption (Morgan Stanley, BitMine's ETH accumulation) and stablecoin inflows signal growing mainstream legitimacy, though regulatory clarity remains critical for sustained institutional capital flow.
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