Bitcoin slipped below $77,000 on Friday as US stock markets extended gains and the Dow Jones Industrial Averagereached a new all-time high, highlighting a widening gap between crypto and traditional markets.

Market data showed BTC/USD falling nearly 1.2% during early Wall Street trading, continuing a pattern seen throughout the week where US market hours added pressure to cryptocurrency prices.

While Bitcoin weakened, US equities remained resilient. The Dow Jones moved into record territory, while the S&P 500and Nasdaq 100 traded close to new highs, supported by continued investor optimism.

Market analysts noted that stock market breadth conditions may support additional upside in equities over the near term, potentially allowing broader participation beyond large-cap indexes.

Meanwhile, indicators tracking Bitcoin demand suggested weaker buying interest from US investors.

The Coinbase Premium Index, commonly used to compare buying activity between US and offshore exchanges, remained near monthly lows. Market observers said this points to softer demand from US-based buyers.

Analysts also noted that traders on Binance appeared more active in supporting recent Bitcoin price levels compared with participants on US exchanges.

Some market participants suggested that periods of negative premium have historically attracted larger investors seeking accumulation opportunities during temporary price weakness.

Despite short-term pressure, traders continue to monitor whether institutional demand and broader market sentiment can help determine Bitcoin’s next direction.