Bitcoin Stalls at $64k While Stocks Hit Records Amid Hormuz Deal Hopes

Woofun AI reports that Bitcoin and global equities have diverged sharply, with crypto assets stagnating near $64,000 while traditional markets surge toward fresh peaks driven by optimism surrounding a potential Strait of Hormuz agreement.

Monitored by Woofun AI, the crypto sector showed minimal movement: BTC traded just above $64,000, up under 1% on the day and roughly flat over seven days. Ether slipped to $1,864, down 2% on the week, making it the only major in the red; XRP fell almost 1% to $1.07, dogecoin dropped similarly to just under 7 cents, and tron declined under 1% to 33 cents. Solana remained flat near $73.60, while BNB added over 1% to $598, leading majors with a 5% weekly gain. Hyperliquid's HYPE emerged as the standout, rising 3% to nearly $56 and matching that weekly increase. In stark contrast, the equity tape rallied: MSCI's All Country World Index rose 0.4% toward another record close, its Asia Pacific benchmark gained 2.2%, and Australian shares hit a new peak following Tuesday’s all-time highs for the S&P 500 and Dow.

Corporate and commodity markets reflected mixed signals amid geopolitical shifts. SK Hynix surged 6.4% after the Seoul open, and Nvidia added over 2% after hours, though AMD dropped 9% on a soft sales outlook and SpaceX fell 7.5% on higher projected AI spending. Brent crude fell 1.1% to about $78.50 a barrel after reports indicated that Washington, Tehran, and Oman were close to an agreement to reopen the Strait of Hormuz, with an announcement targeted for Wednesday. Consequently, Treasuries and gold both advanced as traders trimmed bets on further rate hikes.

Equities are printing records while Bitcoin sits roughly 49% below the $126,000 it reached last October, and the second-largest asset is falling on the week. Cheaper oil, easing rate expectations, and a risk-on equity bid have now failed to move crypto for three straight sessions, pointing the drag inward rather than at the macro. Watch what happens if the Hormuz announcement lands Wednesday as reported; a market that cannot rally on a confirmed deal after failing on the prospect of one indicates buyers are elsewhere.