The crypto rally took a pit stop on Thursday while equities kept zooming higher.

Bitcoin (BTC) 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 dogecoin (DOGE) 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 ( HSDT ) zoomed 6.1% on the week to $88.06.

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.

The MSCI All Country World Index advanced 0.3% and MSCI's ( MSCI ) Asia gauge jumped 1.9% to a record, with Japan's Nikkei 225 hitting an intraday high. South Korea passed Canada as the world's seventh-largest equity market by value, with Softbank surging 18% and TSMC adding 3.3%. Wall Street gauges closed at all-time highs Wednesday with about 80% of S&P 500 companies beating earnings estimates, Bloomberg reported.

Brent crude held under $102 a barrel on speculation a US-Iran deal would help resume oil shipments through the Strait of Hormuz, while gold zoomed for a third straight day to $4,700 an ounce on Fed rate-cut bets and easing inflation expectations.

FxPro chief market analyst Alex Kuptsikevich said in a note that bitcoin's next test sits at the 200-day moving average around $83,300. A moving average smooths out short-term volatility by averaging an asset's price over a set period, and the 200-day version is among the most-watched long-term trend gauge among traders.

"A firm consolidation above this level would be a further sign of bullish dominance," he wrote, adding that the first such sign came one month ago when bitcoin held above the 50-day moving average. He flagged that a short-term profit-taking phase is likely as bitcoin approaches $83,000, "allowing some of the gains to be taken."

The structural backdrop continues to support the move. Tether's market cap has grown by $5.9 billion over the past 60 days, per analyst Darkfost, reversing a $2 billion monthly outflow trend that ran through early 2026. Such issuances are considered to be a source of new capital entering the crypto market.

In other developments, Morgan Stanley ( MS ) signalled this week that US banks may eventually be able to hold bitcoin on their balance sheets despite current regulatory barriers, with the bank already running a bitcoin-based ETP and planning to launch spot crypto trading on its wealth platform later this year.

Western Union ( WU ) launched its own stablecoin, USDPT, on Solana ( HSDT ) to bypass traditional interbank settlement delays.

Elsewhere, BitMine added more than 100,000 ETH for the third straight week, taking its ether reserves to 5.18 million ETH worth roughly $13 billion, or 4.29% of total supply.