while ether (ETH) also rose, both leading assets slipped about 3% over the week as diminishing spot Bitcoin ETF inflows intensified the pullback.
The S&P 500 logged its ninth straight weekly advance on Friday, the longest streak since 2023 and one of only a few such runs in the past four decades, lifting the index nearly 20% above its March trough.
Brent crude settled near $92 per barrel, while Treasury yields rose during the week, easing some of the losses driven by geopolitical tensions.
The macro tailwind stems from optimism that the United States and Iran will extend a 60‑day ceasefire. President Donald Trump said on Friday he is prepared to issue a final determination on a preliminary agreement, reiterating his demand that any deal compel Iran to abandon its nuclear program, relinquish enriched uranium, and reopen the Strait of Hormuz.
Cryptocurrencies diverged from broader market gains. Bitcoin fell 2.6% over the past seven days to $73,445, ether declined 2.5% to $2,011, Solana slipped 2.2% to $82.42, and TRON’s TRX dropped 5.6%, marking its worst weekly performance among the top ten assets, according to CoinDesk data.
finished roughly flat. The decline coincided with softer spot Bitcoin ETF inflows, which analysts flagged as adding downward pressure despite improving macro conditions.
The laggards were limited. Hyperliquid’s HYPE token surged 19.4% to $65, buoyed by growing sentiment. Intercontinental Exchange chief Jeffrey Sprecher lauded the decentralized perpetuals platform at a Bernstein conference, calling it “bigger than NASDAQ.” BNB rose 1.9% and XRP posted a modest 0.7% weekly gain.
The Iran agreement still requires Trump’s signature, and the red lines he reiterated on Friday exceed what Iran has publicly signaled it will accept. Consequently, the macro rally remains vulnerable to a single adverse headline.