Bitcoin and ether ended the week lower even as U.S. stocks pushed deeper into a broad rally and oil prices stayed firm. Over the past seven days, bitcoin fell 2.6% to $73,445 and ether lost 2.5% to $2,011, with softer spot bitcoin ETF inflows cited as a key factor behind the pullback.
Traditional markets moved the other way. The S&P 500 logged its ninth straight weekly gain on Friday, its longest run since 2023 and a streak seen only a few times over the last four decades. The index is now up almost 20% from its March low, according to the report. Brent crude settled near $92 a barrel, while Treasuries advanced during the week and recovered part of their conflict-driven losses.
Ceasefire hopes lifted macro sentiment, not crypto
The macro tailwind came from expectations that the U.S. and Iran could approve a 60-day ceasefire extension. President Donald Trump said Friday he was ready to make a “final determination” on a preliminary agreement. He also repeated that any deal would require Iran to abandon its nuclear program, hand over its enriched uranium, and open the Strait of Hormuz. Risk sentiment improved on that headline, but crypto prices did not track the move.
Large-cap tokens mostly weakened during the week
CoinDesk data showed losses across several major tokens. Solana dropped 2.2% to $82.42, while TRON’s TRX fell 5.6%, the worst weekly decline among the top 10 cryptocurrencies. DOGE finished roughly flat. The report said the softer pace of spot bitcoin ETF inflows added to downward pressure even as the broader macro backdrop turned more constructive.
HYPE stood out while BNB and XRP posted gains
There were a few exceptions. Hyperliquid’s HYPE token jumped 19.4% to $65, standing out among smaller large-board names as sentiment around the asset kept building. At a Bernstein conference, Intercontinental Exchange chief Jeffrey Sprecher praised the decentralized perpetuals venue and called it “bigger than NASDAQ.” Over the same period, BNB rose 1.9% and XRP added 0.7%.
The Iran agreement still requires Trump’s signature, and the conditions he repeated on Friday go well beyond what Iran has publicly suggested it would accept. That leaves the macro rally exposed to any negative shift in headlines.