Ether (ETH) led the major cryptocurrencies into Monday, as bitcoin held above $63,000, stabilizing after a week that took it off its lows and back to its highest in more than a month.
Bitcoin traded around $63,207, little changed on the day but up 5.5% in seven days, according to data from CoinDesk. Ether performed the best during the week, rising 12.4% to around $1,777, while BNB and dogecoin each gained around 5.5%. Solana held near $80.77 with a weekly increase of 11.2% and Hyperliquid’s HYPE led the majors, up 14.6% for the week. XRP was trading at $1.14, up 9.4% in seven days.
Gains were sustained even as the backdrop turned cautious. The rally in semiconductor and technology stocks lost steam, reviving questions about how durable this year’s AI-driven rally will be. South Korea’s Kospi fell 1.4% as Samsung Electronics and SK Hynix fell, and an MSCI gauge of Asian chipmakers fell.
Brent crude fell 0.6% to around $71.70 a barrel, easing some inflationary pressure ahead of U.S. price data due later this month.
The dollar strengthened against all of its major peers, a headwind for cryptocurrencies that has tracked the currency’s movements over the past quarter.
