Bitcoin Holds Above $81K as Dogecoin Drops Amid US-Iran Ceasefire Optimism

The crypto market paused its recent rally on Thursday as investors reacted to improving global risk sentiment driven by hopes of a possible ceasefire agreement between the United States and Iran. Bitcoin remained above the $81,000 level, while several major altcoins recorded moderate declines after strong weekly gains.

Dogecoin Leads Crypto Pullback as Traders Take Profits

Bitcoin traded near $81,145 during Asian market hours, down 0.7% over the past 24 hours but still holding nearly 7% weekly gains. Ether slipped 2% to around $2,326, while Dogecoin posted the sharpest decline among major cryptocurrencies, falling 4.4% to $0.1106 after a strong rally earlier this month.

Global Equity Markets Reach Record Highs

Investor sentiment improved after reports suggested Washington and Tehran were working toward a proposal to end the nearly 10-week conflict. Global stock markets climbed to record highs, with strong corporate earnings further supporting the rally.

Analysts said Bitcoin’s next major resistance sits near the 200-day moving average around $83,300. Meanwhile, rising stablecoin issuance, growing institutional interest from major banks, and continued Ether accumulation by large holders continue supporting the broader crypto market outlook.