# Crypto majors slide as AI stock rotation lifts equities > Source: > Published: 2026-06-27 07:43:58+00:00 ### What happened Major cryptocurrencies fell across the week as investor capital continued rotating from crypto into AI-related equities. Dogecoin and Hyperliquid's HYPE token led losses, each down roughly 9-10% on the week per CoinDesk data. Ether dropped about 8%, XRP fell 7-8.5%, and Bitcoin declined 4-5% to the $59,000-61,000 range after briefly touching lows near $58,000. Solana held up better; Tron was roughly flat or positive. ### What sources said Gabe Selby, head of research at CF Benchmarks, told CoinDesk that much of the new money and investor attention has flowed into AI plays, leaving crypto fighting for a smaller share of overall risk appetite - describing the move as "a broad market cooldown rather than anything broken in crypto itself." Selby identified the $50,000-$60,000 zone as historically where buyers have stepped in, flagged $55,000 as the key support to watch below, and put $61,000-$62,000 as the level bulls need to reclaim. He advised keeping position sizes sensible. ### External driver - tech selloff A significant external catalyst hit Friday: Apple shares fell over 6% after news that the company raised prices on Macs, iPads, and home devices, stoking fears that higher component costs will slow the memory-chip rally underpinning the AI trade. South Korea's Kospi fell as much as 9%, triggering a trading halt, as chipmakers SK Hynix and Samsung each fell more than 8%. Nasdaq 100 futures fell 1.5%. The crypto-specific selling added to this broader tech pressure, with large-holder distribution into a market with waning risk appetite amplifying the move. ### For practitioners The episode illustrates a recurring dynamic: cross-asset rotation episodes - especially ones tied to AI equity momentum and major macro catalysts - hit altcoins and memecoins harder than Bitcoin due to their shallower liquidity and higher retail leverage. Risk models that assume stable correlations between AI equities and crypto may understate tail exposure during sector rotations. Key signals to monitor going forward include U.S. spot bitcoin ETF flows, funding rates on major exchanges, and macro indicators from the Federal Reserve and dollar index. ## Key Points - 1Crypto majors fell 7-10% on the week as AI equity rotation continued; Bitcoin proved more resilient, finding support near $58,000-60,000 - a zone CF Benchmarks flags as historically reliable for buyer step-in. - 2The selloff was partly driven by external tech-stock pressure: Apple shares fell over 6% on Mac and iPad price-hike news, triggering a chipmaker rout (South Korea Kospi down ~9%) that dragged global risk assets lower. - 3For quant and risk teams: cross-asset ETF flows, Fed signals, and dollar strength remain the key drivers to monitor; bitcoin's $55,000 level is the critical downside support to watch below $60,000. ## Scoring Rationale A market-rotation episode with a genuine AI-connection angle (capital moving from crypto to AI equities) and a concrete external catalyst (Apple price-hike tech selloff). Useful signal for quant and risk teams but does not introduce new technology or shift market structure. Score reflects its practical relevance to a practitioner audience without overstating novelty. Practice with real FinTech & Trading data 90 SQL & Python problems · 15 industry datasets [Active Verified Users by Income TierEasy](/problems/sql/active-verified-users-by-income) [Technology Stocks with High BetaMedium](/problems/sql/technology-stocks-with-high-beta) [Portfolio Performance ScorecardHard](/problems/sql/portfolio-performance-scorecard) 250 free problems · No credit card [See all FinTech & Trading problems](/problems/datasets/fintech)