Bitcoin held near $64,000 as global stocks racked up fresh records and oil prices fell on hopes of a deal to reopen the Strait of Hormuz. On the day and over the past week, Bitcoin was essentially flat. Ether dipped to $1,864, the only major cryptocurrency in the red over seven days. XRP slid to about $1.07, Dogecoin slipped below 7 cents, and Tron dropped under 33 cents. Solana hovered near $73.60. By contrast, BNB rose to $598 and led the majors with a 5% weekly climb. Hyperliquid’s HYPE token was the standout, jumping to nearly $56 and holding gains on the week. Equity markets told a different story. The MSCI All Country World Index headed for another record close, its Asia Pacific measure gained 2.2%, and Australian shares hit a new peak after the S&P 500 and Dow Jones Industrial Average both closed at all-time highs on Tuesday. The gains stretched from Seoul to Sydney. Among individual names, South Korea’s SK Hynix advanced after the Seoul open, and Nvidia gained in after-hours trading. However, AMD fell after a soft sales outlook, and SpaceX dropped on higher projected AI spending. Brent crude fell to about $78.50 a barrel after Axios reported that Washington, Tehran, and Oman were close to an agreement to reopen the Strait of Hormuz, with an announcement targeted for Wednesday. Treasuries and gold both advanced as traders trimmed bets on further rate hikes. Yet the crypto market barely stirred. Cheaper oil, easing rate expectations, and a record-breaking stock rally have failed to move crypto for three straight sessions, pointing to an internal drag rather than the macro backdrop. If a confirmed Hormuz deal cannot trigger a rally after the prospect of one also failed, that will tell you the buyers are elsewhere. For Somali households and businesses, any sustained fall in crude oil prices could translate into lower fuel and transportation costs — a direct benefit in a country where imported energy is a significant burden. Meanwhile, Somali and diaspora investors who have been drawn to crypto should note Bitcoin’s lethargy. A market that shrugs off good news is often a market that needs time to find its footing, and that calls for patience rather than aggressive bets.