finance
Equal-Weighted S&P 500 Hits Record While Major Cryptocurrencies Decline
Dogecoin, ether and other tokens fell between 5 and 10 percent for the week ending June 27. The equal-weighted S&P 500 reached a record high while semiconductor shares declined.
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Major cryptocurrencies declined during the week ending June 27, 2026, as investors favored stocks tied to artificial intelligence, CoinDesk reported. Dogecoin fell 9.6 percent to about $0.076. Hyperliquid's HYPE token dropped 9.9 percent.
Ether declined 8.4 percent to roughly $1,581. XRP lost 7.8 percent to $1.06. Bitcoin slipped 5.3 percent to around $60,345 after touching about $58,800 on June 26. Solana and Tron held steady near $72 and $0.32.
Bitcoin rebounded from the Friday low after what appeared to be margin liquidations followed by aggressive buying, according to Alex Kuptsikevich, FxPro chief market analyst. "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," Kuptsikevich told CoinDesk.
" The S&P 500 closed little changed, yet its equal-weighted version reached a record high as money rotated out of chipmakers.
Semiconductor shares fell after a strong run that still left them on pace for their best quarter on record. U.S. spot bitcoin ETF outflows added pressure on crypto assets alongside a hawkish Federal Reserve and a strong dollar.
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