Bitcoin, ether little-changed despite record stocks, falling oil and easing war fears
Get the Finance newsletter
Daily finance — markets, central banks, M&A, the prints that move money. Free.
- Bitcoin slid nearly 6% over the past week, hovering around $73,000, despite global stock indexes hitting record highs.
- Brent crude fell 0.5% to about $93 a barrel, its worst month since March 2020, after a tentative 60‑day US‑Iran ceasefire extension.
- Trump has not yet signed off on the ceasefire extension, and Iran’s Tasnim news agency says the memorandum of understanding is not finalized.
- Institutional investors are now focusing on pending U.S. crypto regulation, such as the CLARITY Act, rather than on geopolitical headlines.
- Spot Bitcoin ETFs demand has softened, contributing to a “high‑risk zone” for Bitcoin amid selling pressure.
Why it matters: Institutional investors lose potential gains as Bitcoin drops to $73k, while U.S. regulators gain bargaining power as the market pivots to pending crypto legislation; the unresolved ceasefire means no macro boost for crypto.
