TLDR
- Bitcoin steadied above $63,000, up 5.5% over seven days, while Ether led crypto majors with a 12.4% weekly gain
- Hyperliquid’s HYPE was the top performer among major tokens, rising 14.6% on the week
- US stock futures rose Monday following a record-setting week, with the Dow closing just under 53,000
- Micron Technology dropped 19% last week as semiconductor stocks stumbled late in June
- JPMorgan raised its year-end S&P 500 forecast to 7,800, but analysts warned AI stock concentration mirrors dot-com bubble levels
Bitcoin held above $63,000 to start the week, recovering losses from late June as crypto markets posted steady weekly gains. The broader market tone remained cautious, but tokens held firm even as tech stocks showed cracks.
Crypto Markets Post Steady Weekly Gains
Bitcoin traded around $63,207 on Monday, up 5.5% over seven days. Ether was the stronger performer, rising 12.4% to around $1,777 for the week.
Hyperliquid’s HYPE led all major tokens with a 14.6% weekly gain. Solana rose 11.2% to near $80.77, and XRP climbed 9.4% to $1.14. BNB and Dogecoin each gained around 5.5%.
The gains came despite a stronger dollar, which has historically acted as a headwind for crypto. For much of the past quarter, money had been rotating out of crypto and into chip and AI stocks.
The fact that crypto held up while AI stocks wobbled was a shift from recent trends. Cracks in the tech trade had previously pulled token prices lower, but that pattern did not repeat this time.
Bitcoin begins the week having reclaimed its highest level in more than a month. The next move is likely to depend on upcoming US inflation data and whether trading volume picks up as markets return to full activity.
US Stocks Rise After Record-Setting Week
US stock futures moved higher Monday following a strong week for equities. Futures tied to the S&P 500 rose 0.3%, while Nasdaq 100 futures climbed 0.9%.
The Dow Jones closed just under 53,000 last week, rising nearly 2%. The S&P 500 and Nasdaq Composite each also gained around 2%.
The first half of the year delivered strong returns, raising expectations for continued momentum in Q3. However, semiconductor stocks hit a rough patch late in June.
Micron Technology fell 19% over the course of last week, weighing on the chip sector. South Korea’s Kospi also dropped 1.4% as Samsung Electronics and SK Hynix declined.
Despite the pullback, analysts remain broadly positive. Baird investment strategist Ross Mayfield told Yahoo Finance the market is “driven by earnings and liquidity” and sees the bull run continuing into 2027.
JPMorgan raised its year-end S&P 500 price target to 7,800. However, some analysts flagged that the top AI stocks now make up 41% of the S&P 500, a concentration level similar to tech and telecom during the dot-com bubble.
Investors are watching a busy economic calendar this week. Monday brings service sector readings from S&P Global and the Institute of Supply Management. The Fed minutes from Kevin Warsh’s first meeting as chair are due Wednesday.
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