Bitcoin and Ether Hold Steady Amid Global Market Gains and Geopolitical Developments

Despite global stocks reaching record highs, oil prices hitting multi-month lows, and a tentative extension of the U.S.-Iran ceasefire, bitcoin remained largely unchanged, trading near $73,300.

Bitcoin has hovered close to $73,000 after a nearly 6% weekly decline, as institutional investors wait for clearer U.S. regulatory guidance rather than macroeconomic cues.

Ether traded just under $2,000, down 6.4% for the week despite a 1.2% intraday rebound. Other cryptocurrencies such as Solana, XRP, and Dogecoin each declined between 4.9% and 6.7% over the past seven days, despite modest gains in the last 24 hours, according to CoinDesk’s price page. Hyperliquid’s HYPE token, however, bucked the trend, rising 5.8% on the week.

On the macro side, the MSCI All-Country World Index climbed 0.3% to a new all‑time high, while Asian stocks rallied 2% to a record level, Bloomberg reported. Brent crude slipped 0.5% to roughly $93 per barrel, its worst monthly performance since March 2020, following the tentative U.S.-Iran ceasefire extension.

The deal still awaits President Donald Trump’s signature, with Iran’s Tasnim news agency noting that the memorandum of understanding has not yet been finalized.

Javier Martinez, CEO of sFOX, said the market had already priced in a relief rally on the ceasefire news, and the trade unwound when bitcoin failed to move higher. “Institutional investors are looking past Tehran headlines and toward Washington,” Martinez added, highlighting U.S. crypto market structure legislation such as the CLARITY Act. “They’re waiting on regulatory confirmation, not just macro improvement.”

FxPro analysts noted bitcoin’s fall below its 50‑day moving average and a lower sloping 200‑day average, a crossover that has historically signaled broader weakness. “The time for a long‑term bull market has not yet arrived,” they wrote.

Swissblock warned that Bitcoin has entered a “high‑risk zone” amid selling pressure and a fading bid for spot Bitcoin ETFs, the institutional product that drove much of the 2024‑2025 rally. With softer ETF demand and a market that no longer reacts to every Iran headline, crypto lacks an obvious near‑term catalyst.

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