Crypto lags as stocks hit nine-week win streak, ETF flows cool

The S&P 500 notched its ninth straight weekly gain, the longest run since 2023, leaving the index almost 20% above its March lows. Brent crude stabilized near $92 a barrel and Treasuries climbed on hopes the U.S. and Iran will agree to a 60-day ceasefire extension.

President Donald Trump said he was ready to make a "final determination" on a preliminary deal but reiterated demands that Iran abandon its nuclear program, surrender enriched uranium and reopen the Strait of Hormuz; the pact still needs his signature and the rally could be undone by a single negative headline.

Major cryptocurrencies moved the opposite way. Bitcoin slipped 2.6% over the week to $73,445, ether fell 2.5% to $2,011, solana dropped 2.2% to $82.42 and TRON's TRX plunged 5.6%, its worst weekly decline in the top 10, while dogecoin finished roughly flat at $0.1011.

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