Leading cryptocurrencies diverged from the stock market on Thursday, even as investors dissected reports of a ceasefire between the U.S. and Iran.

Leading cryptocurrencies fell sharply overnight on Monday after the military said it carried out “defensive” strikes in southern Iran.

Bitcoin trades around $77,000 as rising Middle East tensions weigh on sentiment. Bitcoin ETFs saw $105.2 million in net outflows on Friday, while Ethereum ETFs reported $6.7…