Bitcoin, Ether, XRP, Dogecoin Lag Stocks Rally as ETF Demand Cools
Bitcoin and ether fell nearly 3% last week as cooling spot ETF inflows contrasted with the S&P 500's nine-week winning streak, highlighting a divergence between crypto and traditional markets.
Bitcoin and ether posted weekly losses of nearly 3% as cooling demand for spot bitcoin ETFs weighed on prices, even as the S&P 500 extended its winning streak to nine weeks, the longest since 2023.
The S&P 500's rally, fueled by hopes of a US-Iran ceasefire that also pushed Brent crude near $92, failed to lift major cryptocurrencies. Bitcoin traded around $73,500, while ether, XRP, and dogecoin also declined. The divergence underscores a shift in market dynamics, with crypto investors focusing on ETF flows rather than macro tailwinds.
For digital asset traders, the cooling ETF demand is a key signal. Spot bitcoin ETF inflows had been a major driver of the 2024-2025 rally, and their slowdown suggests reduced institutional appetite at current levels. This comes despite a broadly risk-on environment in equities, where the S&P 20% gain from March lows reflects optimism on geopolitics and rates. For real-time crypto prices, check NowPrice for the latest quotes on bitcoin, ether, and altcoins.
Looking ahead, traders will watch weekly ETF flow data and the upcoming US jobs report for clues on rate policy. A sustained decline in ETF inflows could cap upside for bitcoin, while a breakout above $75,000 would require renewed institutional buying. The nine-week stock rally also faces resistance, and any reversal could spill over into crypto sentiment.