Dogecoin and Hyperliquid’s HYPE token posted the steepest weekly losses among major cryptocurrencies, falling 9.6% and 9.9% respectively, as investors rotated capital toward equities and away from digital assets. Bitcoin showed relative resilience, recovering above $60,000 after briefly testing the $58,800 region, but broader market pressure from ETF outflows, a hawkish Federal Reserve, and a strong dollar kept sentiment subdued.
Bitcoin Rebounds Amid Persistent Selling Pressure
Bitcoin fell 5.3% over the week to around $60,345, but buyers stepped in each time the price approached $58,000, pushing it back above $60,000. FxPro chief market analyst Alex Kuptsikevich attributed the sharp declines to margin position liquidations, noting that pending buy orders then supported the recoveries. He warned that institutional investors could continue reducing crypto exposure to protect balance sheets, potentially triggering further liquidation-driven swings.
US spot Bitcoin ETFs recorded outflows during the week, while the Federal Reserve’s hawkish stance and a strengthening dollar added headwinds. Bitcoin also remained near its 200-week moving average, a level historically associated with extended periods of weak market performance.
Dogecoin Breakdown Signals Further Downside Risk
Dogecoin extended its broader decline with a 4% loss in the latest 24-hour period, now trading about 90% below its all-time high. The memecoin broke below a sideways trading range that had held since February, with a retest near $0.08926 confirming the breakdown. It also remained below its 200-day moving average, keeping sellers in control and maintaining a bearish structure.
Shorter timeframes showed Dogecoin repeatedly failing below a descending trendline, while the Chaikin Money Flow reading stood at negative 0.17, signaling continued capital outflows. However, net trading volume surged 98.85%, suggesting some buyer interest, and momentum readings began turning higher despite bearish control.
Analyst Ali Martinez noted that the TD Sequential indicator produced a daily buy signal, suggesting the decline could pause if Dogecoin maintains support above $0.073. A move toward $0.081 is possible if that level holds, but a drop below $0.073 would invalidate the signal and reinforce the bearish outlook.
Equity Rotation Leaves Crypto Without Fresh Capital
The S&P 500 finished nearly flat, but the equal-weighted index hit a record high as investors rotated out of large-cap tech and semiconductors into other sectors. Falling oil prices supported broader market sentiment, yet cryptocurrencies failed to attract any of that rotating capital. Concerns over elevated AI stock valuations and weakening digital asset conditions kept investors selective.
Conclusion
Dogecoin and HYPE led the week’s crypto losses as Bitcoin held near $60,000 despite ETF outflows, institutional selling, and a strong dollar. Dogecoin’s bearish structure points to continued risk unless $0.073 support holds. Traders should monitor support levels, fund flows, and broader market sentiment before taking new positions.