Ether (ETH) led the crypto majors on Monday as bitcoin held above $63,000, stabilizing after a week that took it off its low and back to its highest in more than a month.
Bitcoin traded around $63,207, little changed on the day but up 5.5% over seven days, according to CoinDesk data. Ether was the best performer over the week, up 12.4% to around $1,777, while BNB and dogecoin each gained around 5.5%. Solana was holding near $80.77 with a weekly rise of 11.2% and Hyperliquide’s HYPE led the majors, up 14.6% for the week. XRP is trading at $1.14, up 9.4% over seven days.
The gains were maintained even if the context became cautious. The rebound in semiconductor and technology stocks has petered out, reigniting doubts about the sustainability of this year’s AI-fueled rally. South Korea’s Kospi fell 1.4%, as Samsung Electronics and SK Hynix fell, and MSCI’s index of Asian chipmakers slipped.
Brent crude fell 0.6% to around $71.70 a barrel, easing some inflationary pressures ahead of U.S. price data expected later this month.
The dollar has strengthened against all its major peers, a headwind for crypto that has tracked the currency’s movements over the past quarter.
