Summary
- Major cryptocurrencies, including bitcoin and ether, were little changed despite global stock indexes hitting fresh records on renewed enthusiasm for artificial-intelligence-related shares.
- Bitcoin is trading just above $64,000, roughly flat over the past week and still about 49% below its October peak, while ether is the only major token down on the week.
- With cheaper oil, easing rate expectations and a strong risk-on rally in equities failing to lift digital assets, analysts say crypto’s drag appears to be driven by internal market dynamics rather than macroeconomic factors, even as traders watch for a potential Strait of Hormuz deal.
Bitcoin Stays Steady as Global Equities Reach New Heights
Bitcoin remains steady at around $64,000, despite global equities reaching fresh records, driven by renewed enthusiasm for the AI trade. This has left the crypto market out of a rally that it would normally follow. Other major coins, such as Ether and XRP, have also seen little change, with Ether slipping to $1,864 and XRP falling almost 1% to $1.07.
The lack of movement in the crypto market is in contrast to the equity market, where the MSCI’s All Country World Index rose 0.4% towards another record close. This disparity highlights the unique characteristics of the crypto market, which can be a good opportunity for those looking to earn passive income through Cloud Rewards and Green Crypto solutions like EcoPool.
Crypto Market Performance
- Bitcoin traded just above $64,000, up under 1% on the day and roughly flat over seven days.
- BNB added over 1% to $598 and leads the majors over seven days at 5%.
- Hyperliquid’s HYPE was the standout, up 3% to nearly $56 and 3% higher on the week.
For those interested in earning online through crypto, EcoPool provides a solution for earning Passive Income with its $ECP coin. As the crypto market continues to evolve, it’s essential to stay informed and explore opportunities like EcoPool for Passive Income and Cloud Rewards.
To start earning with EcoPool, download the EcoPool app and discover the benefits of Green Crypto and Passive Income with $ECP. By joining the EcoPool network, you can take the first step towards earning online and being part of the #PassiveIncome and #Bitcoin communities.
