Dogecoin and Hyperliquid's HYPE led weekly crypto losses as AI stocks lure buyers
Key takeaways
- Dogecoin slid 9.6% over seven days to about $0.076 and HYPE lost 9.9%, the steepest falls among the majors.
- Bitcoin was the steadier major, down 5.3% to around $60,345 on Saturday after dipping to about $58,800 on Friday and recovering, per CoinDesk data.
- "Bitcoin approached $58K at its lows late Thursday and early Friday, but in both cases, aggressive buying quickly pushed it back into the $60K range," Alex Kuptsikevich, FxPro chief market analyst, told CoinDesk.
Dogecoin slid 9.6% over seven days to about $0.076 and HYPE lost 9.9%, the steepest falls among the majors. Ether dropped 8.4% to about $1,581 and XRP fell 7.8% to $1.06, while solana and tron held up better, roughly flat on the week at $72 and $0.32.
Bitcoin was the steadier major, down 5.3% to around $60,345 on Saturday after dipping to about $58,800 on Friday and recovering, per CoinDesk data.
"Bitcoin approached $58K at its lows late Thursday and early Friday, but in both cases, aggressive buying quickly pushed it back into the $60K range," Alex Kuptsikevich, FxPro chief market analyst, told CoinDesk. "This pattern resembles margin position liquidations during downtrend spikes, followed by strong buying on pending orders during the recovery."