Crypto Market Pulls Back Amid Equity Surge

The cryptocurrency market experienced a brief downturn on Thursday as investors appeared to shift their focus towards global equities. This comes as the US and Iran discuss proposals to end the ongoing conflict.

BTC traded at $80,945, down 0.7% over the past 24 hours but still holding weekly gains of nearly 7%, while DOGE fell 4.4% to $0.1106 after strong gains earlier this month. ETH also weakened by 2% to $2,326.

However, XRP and BNB remained relatively stable, while SOL continued its weekly rally with gains of over 6%. The crypto pullback was largely attributed to the surge in global stock markets, which reached fresh record highs following reports of a potential ceasefire agreement.