Bitcoin and Ether closed the week lower even as global financial markets received a boost from easing geopolitical tensions and a strong rally in U.S. equities.
The S&P 500 registered its ninth straight weekly gain, marking its longest winning streak since 2023 and one of the most notable stretches in recent decades. The benchmark index has surged nearly 20% from its March lows, reflecting renewed confidence among investors amid improving market conditions.
Yet the positive backdrop did little to support the cryptocurrency market.