Cryptocurrency Market Experiences Slight Pullback Amid Global Equities Rally

The cryptocurrency market took a breather on Thursday, with major players experiencing a slight pullback as global equities reached fresh records on hopes of a US-Iran ceasefire.

Bitcoin, which had been on a strong run, held around $81,000, while ether slipped below $2,330. The decline was led by Dogecoin, which dropped 4% to $0.1106.

The pullback came as global stock markets advanced, with the MSCI All Country World Index and MSCI's Asia gauge reaching record highs. Japan's Nikkei 225 also hit an intraday high, while South Korea surpassed Canada in terms of equity market value.

Analysts suggest that despite the dip, the underlying trend remains bullish, with the 200-day moving average being a key indicator. FxPro chief market analyst Alex Kuptsikevich noted that bitcoin's next test sits at this level, around $83,300.