Macro benefits have failed, why is Bitcoin stuck at 64,000?

According to Woofun AI, the global stock market reached a new high on Wednesday due to AI enthusiasm, but the price of Bitcoin stagnated above $64,000, and expectations of the Strait of Hormuz agreement failed to break the deadlock.

There is significant internal fragmentation within the cryptocurrency market. Ethereum fell to $1,864, down 2% this week, making it the only mainstream currency to lose; Ripple reported $1.07, Dogecoin fell to 7 cents, Tron fell slightly to 33 cents, and Solana remained at $73.60. In contrast, Binance Coin rose to $598, the best performer with a 5% increase over the past seven days; Hyperliquid's Hype rose 3% to $56, which is also up 3% this week.

According to data compiled by Woofun AI, this pattern of mixed ups and downs reflects intense rotation of capital within crypto assets rather than overall inflows.

Traditional financial markets, on the other hand, performed strongly. The MSCI Global Index rose 0.4%, and the Asia Pacific Index surged 2.2%; the S&P 500 Index and the Dow Jones Index continued to rise, and the Australian stock market also peaked. In terms of individual stocks, SK Hynix rose 8%, and Nvidia (NVDA.US) rose more than 2%, but AMD (AMD.US) and SpaceX fell about 9% and 7%, respectively, after the earnings report was released, and continued to rise throughout the day. On the geopolitical side, Washington, Tehran and Oman are expected to announce the reopening of the Hormuz Strait agreement on Wednesday. Affected by this, Brent crude oil fell 1.1% to 78.50 US dollars, and US Treasury bonds rose at the same time as gold.

Despite frequent macroeconomic benefits, the current price of Bitcoin is 49% below its all-time high of $126,000. For three consecutive trading days, low oil prices and moderate interest rate hike expectations failed to boost currency prices, indicating that resistance stemmed from within the market. If the agreement fails to trigger a rebound this week, it will confirm that buyers' interest has completely withdrawn from the crypto sector.