Bitcoin and Ethereum Prices Stay Weak Despite Record Stock Market Rally

Bitcoin and Ethereum remained under pressure this week even as global stock markets reached record highs and oil prices dropped sharply. Bitcoin traded near $73,000 after falling almost 6% over the past seven days, while Ether stayed below the $2,000 level despite a small daily recovery.

Other major cryptocurrencies, including Solana, XRP also posted weekly losses between 5% and 7%, showing that the wider crypto market is still struggling to regain momentum.

US-Iran Ceasefire and Falling Oil Fail to Lift Crypto

Market sentiment improved globally after reports of a possible 60-day extension of the ceasefire between the United States and Iran. The agreement, which still awaits approval, pushed oil prices lower, with Brent crude recording its weakest monthly performance since 2020.

Still, crypto markets showed little reaction. Analysts believe traders had already priced in geopolitical relief and are now paying closer attention to regulation.

Bitcoin has dropped below its 50-day moving average, while the longer term 200-day average is trending downward.

US Crypto Regulation Seen as Key Market Driver

Investors are increasingly focused on upcoming U.S. crypto legislation, including the Clarity Act, as a possible trigger for the market’s next major move. Softer Bitcoin ETF demand and weaker technical signals have also limited short-term price strength.