Dogecoin slides 4%, bitcoin rally pauses as Iran ceasefire optimism lifts equities
Key takeaways
- Bitcoin BTC$82,164.36 traded at $80,945 in Asian hours, down 0.7% over 24 hours but still up 6.9% on the week.
- XRP and BNB held steadier, with XRP at $1.41 and BNB up 1.3% to $643.
- The pullback came as global stock markets ripped to fresh records on U.S.-Iran ceasefire hopes, with reports indicating the two countries are working on a proposal to end the nearly 10-week conflict.
Published May 7, 2026, 4:33 a.m. 2 min read Make preferred on What to know: Major cryptocurrencies paused their recent rally, with bitcoin slipping below $81,000 and ether and dogecoin retreating even as weekly gains remained solid.Global equities climbed to fresh records on optimism over a potential U.S.-Iran cease-fire and strong corporate earnings, while oil eased and gold extended its surge on rate-cut hopes.Analysts see bitcoin’s 200-day moving average near $83,300 as a key bullish test amid rising stablecoin issuance, growing institutional interest from firms like Morgan Stanley, and continued accumulation of ether by large holders.The crypto rally took a pit stop on Thursday while equities kept zooming higher.
Bitcoin BTC$82,164.36 traded at $80,945 in Asian hours, down 0.7% over 24 hours but still up 6.9% on the week. Ether (ETH) slipped 2% to $2,326, and DOGE$0.1154 was the major laggard, dropping 4.4% to $0.1106 after last week's run took its 30-day return into the double digits.
XRP and BNB held steadier, with XRP at $1.41 and BNB up 1.3% to $643. Solana zoomed 6.1% on the week to $88.06.