A rotation out of chipmakers lifted much of the stock market, with the equal-weight S&P 500 at a record. Crypto was not part of it. Ether fell 8% on the week and the memecoins dropped harder.
While AI stocks attracted significant buyer interest, lifting the equal-weight S&P 500 to a new record, the cryptocurrency market experienced notable declines. Dogecoin and Hyperliquid's HYPE were among the top weekly crypto losers, with Ether also falling 8%. Memecoins saw even…
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