Major cryptocurrencies fell this week amid a rotation toward stocks tied to the artificial intelligence boom. Bitcoin proved steadier than most peers while Dogecoin and other tokens posted steeper losses.
Dogecoin slid 9.6 percent over seven days to about $0.076. Hyperliquid’s HYPE token dropped 9.9 percent, the largest decline among major tokens. Ether fell 8.4 percent to roughly $1,581 and XRP declined 7.8 percent to $1.06.
Bitcoin held up better, slipping 5.3 percent to around $60,345 after rebounding from lows near $58,800. Alex Kuptsikevich, chief market analyst at FxPro, told CoinDesk the moves resembled margin liquidations followed by aggressive dip buying.
Broader equity markets diverged from crypto. The equal-weighted S&P 500 reached a record high as investors rotated out of chipmakers. Outflows from U.S. spot Bitcoin ETFs, a hawkish Federal Reserve and a strong dollar added pressure on digital assets.
