Dogecoin slides 4%, bitcoin rally pauses as Iran ceasefire optimism lifts equities
CoinDesk
Major cryptocurrencies experienced a pullback while global stock markets reached record highs due to optimism surrounding a potential U.S.-Iran ceasefire.Summary
Major cryptocurrencies, including Bitcoin and Ether, saw a pause in their recent rally as global equities surged to record levels. This shift in investor sentiment was largely driven by hopes for a ceasefire between the U.S. and Iran, which positively impacted stock indices like the MSCI All Country World Index and Japan's Nikkei 225. While Bitcoin held near $81,000, Dogecoin saw a significant 4.4% decline. Analysts suggest the crypto pullback reflects a natural phase of short-term profit-taking, even as structural indicators like stablecoin market cap growth continue to provide long-term support for the digital asset market.
(Source：CoinDesk)