Bitcoin, ether, XRP, dogecoin lag a nine-week stocks rally as ETF demand cools
Major cryptocurrencies underperformed a nine-week stock rally as spot Bitcoin ETF inflows cooled. Bitcoin fell 2.6% to $73,445, Ether dropped 2.5% to $2,011, while smaller tokens like Hyperliquid's HYPE surged 19.4%. The S&P 500 posted its longest winning streak since 2023 on U.S.-Iran ceasefire hopes, but crypto divergence signals weakening momentum for Indian investors tracking macro correlations.
Key takeaways
- 1Bitcoin fell 2.6% to $73,445 and Ether dropped 2.5% to $2,011 as spot Bitcoin ETF inflows cooled despite S&P 500's nine-week winning streak.
- 2Smaller tokens outperformed: Hyperliquid's HYPE surged 19.4% while major cryptocurrencies lagged the broader macro rally on U.S.-Iran ceasefire hopes.
- 3Cooling spot Bitcoin ETF inflows reinforced crypto pullback even as stocks rallied and oil stabilized near $92 on geopolitical optimism.
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Why it matters
The divergence between stock and crypto performance signals weakening institutional demand through ETFs, suggesting Indian investors betting on crypto-stock correlations may face headwinds. U.S.-Iran ceasefire talks remain fragile and vulnerable to reversals, which could amplify crypto volatility unpredictably.
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