Summary
- The S&P 500 has risen for nine straight weeks in the U.S. stock market, while cryptocurrencies have weakened.
- Over the past seven days, Bitcoin has fallen 2.46%% and Ether has dropped 2.18%%, failing to rebound.
- Some altcoins, including Stellar and Hyperliquid, rose 81.09%% and 18.72%%, respectively.
Forecast Trend Report by Period
Bitcoin and Ether fell despite a continued rally in U.S. stocks, underscoring a divergence between cryptocurrencies and broader financial markets.
CoinDesk reported on May 30 that the S&P 500 rose for a ninth consecutive week, marking its longest weekly winning streak since 2023. Brent crude also stabilized near $92 a barrel on expectations that the ceasefire between the U.S. and Iran would be extended.
The crypto market, meanwhile, failed to rebound even as oil prices held steady. CoinMarketCap data showed Bitcoin fell 2.46% over the past seven days, while Ether dropped 2.18%. Other top cryptocurrencies by market value also failed to mount a significant recovery, including XRP (+0.92%), BNB (+2.66%), Solana (-2.06%), Tron (-5.20%) and Dogecoin (+0.70%).
Still, some altcoins posted sharp gains from a week earlier, including Stellar (+81.09%) and Hyperliquid (+18.72%).
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
