Dogecoin and HYPE Lead Crypto Losses as Investors Pivot to AI Stocks

Cryptocurrencies and U.S. equities are both risk assets, but investors have recently shifted toward artificial intelligence plays and steadily growing stocks. Outflows from U.S. spot bitcoin ETFs, a hawkish Federal Reserve and a stronger dollar have also weighed on crypto markets. FxPro chief market analyst Alex Kuptsikevich warned that institutional selling and leveraged-position liquidations could intensify the pressure.

CoinDesk reported on June 27, 2026, that dogecoin had fallen 9.6% over seven days to about $0.076, while Hyperliquid's HYPE had dropped 9.9%. Ether declined 8.4% to $1,581, and XRP lost 7.8% to $1.06. Bitcoin fell 5.3% for the week, touching about $58,800 on Friday before recovering to $60,345 on Saturday.