US stocks surged and the Dow hit record highs as US-Iran tensions eased, but Bitcoin and major crypto assets stayed flat, revealing a divergence in risk

U.S. equity futures rose after reports the U.S. and Iran agreed to halt strikes and resume talks. Bitcoin has barely moved, still down 6.8% on the week.

US stocks closed sharply higher with the Dow hitting a record close as easing US-Iran tensions lifted sentiment. Tech stocks led gains, with Nasdaq rising over 2%. Investors also…