Cryptocurrency gains paused on Thursday, while stocks continued to move higher.
Bitcoin It was trading at $80,945 during the Asian session, down 0.7% in 24 hours, but still up 6.9% for the week. Ethereum (ETH) fell 2% to $2,326, was the main laggard, falling 4.4% to $0.1106 after last week’s gains brought its 30-day returns to double digits.
XRP and BNB remain stable, with XRP at $1.41 and BNB rising 1.3% to $643. Solana rose 6.1% this week to $88.06.
The pullback came as global stock markets hit new highs on hopes of a U.S.-Iran ceasefire, amid reports the two countries were working on a proposal to end nearly 10 weeks of conflict.
The MSCI All Country World Index rose 0.3%, the MSCI Asia Index rose 1.9% to a record high, and Japan’s Nikkei 225 Index hit a session high. South Korea overtook Canada to become the world’s seventh-largest stock market by value, with SoftBank soaring 18% and Taiwan Semiconductor Manufacturing rising 3.3%. According to Bloomberg, Wall Street indexes closed at a record high on Wednesday, with about 80% of companies in the S&P 500 index reporting earnings that exceeded expectations.
Brent crude oil prices stayed below $102 a barrel on speculation that a U.S.-Iran deal would help resume oil shipments through the Strait of Hormuz, while gold rose for a third straight day to $4,700 an ounce on bets from the Federal Reserve to cut interest rates and easing inflation expectations.
Alex Kuptsikevich, chief market analyst at FxPro, said in a report that Bitcoin’s next test is at the 200-day moving average around $83,300. Moving averages smooth short-term fluctuations by averaging an asset’s price over a period of time, and the 200-day version is one of the most followed long-term trend indicators among traders.
“A firm consolidation above this level would be a further sign of bullish dominance,” he wrote, adding that the first such sign came a month ago when Bitcoin held above its 50-day moving average. He noted that as Bitcoin approaches $83,000, a short-term profit-taking phase may occur, “allowing some gains to be given back.”
The structural context continues to support this move. Analyst Darkfost said Tether’s market value has increased by $5.9 billion in the past 60 days, reversing a trend of $2 billion in monthly outflows in early 2026. Such issuances are considered a new source of capital entering the cryptocurrency market.
In other developments, Morgan Stanley said this week that Bank of America, which already runs a Bitcoin-based ETP and plans to launch spot cryptocurrency trading on its wealth platform later this year, may eventually be able to hold Bitcoin on its balance sheet despite current regulatory hurdles.
Western Union has launched its own stablecoin USDPT on Solana to bypass traditional inter-bank settlement delays.
BitMine, on the other hand, added over 100,000 ETH for the third consecutive week, bringing its Ethereum reserves to 5.18 million ETH, worth approximately $13 billion and accounting for 4.29% of the total supply.
