As the second half of the year begins, a hesitant mood persists due to a slowdown in AI and chip stocks along with a stronger dollar.
By Shaurya Malwa Jul 6, 2026, 5:09 a.m. 2 min readMake preferred on ShareShare this articleCopy linkX (Twitter)LinkedInFacebookEmailMake preferred on SummaryShow- Ether surged approximately 12% over the last week, leading major cryptocurrencies as Bitcoin maintained its position above $63,000, recovering from late-June losses.
- Despite a slowdown in the AI and chip stock rally, crypto prices remained resilient, breaking the trend of funds shifting from tokens to tech stocks.
- Traders view Bitcoin's stability above $63,000 as a potential sign of a lasting recovery, but a stronger dollar and impending U.S. inflation data create uncertainty about further upward momentum.
Ether (ETH) took the lead among major cryptocurrencies as Bitcoin stabilized above $63,000, bouncing back from recent lows to reach its highest level in over a month.
Bitcoin was trading at approximately $63,207, showing little daily change but reflecting a 5.5% increase over the past week, according to CoinDesk data. Ether outperformed with a 12.4% rise to around $1,777, while BNB and dogecoin each saw gains of about 5.5%. Solana was priced at around $80.77, marking an 11.2% increase over the week, and Hyperliquid's HYPE led the major cryptocurrencies with a 14.6% weekly surge. XRP traded at $1.14, up 9.4% for the week.
These gains persisted even as the market sentiment turned cautious. The rally in semiconductor and tech stocks lost momentum, raising concerns over the sustainability of this year's AI-driven growth. The South Korean Kospi index fell by 1.4% due to declines in Samsung Electronics and SK Hynix, while an MSCI index tracking Asian chipmakers also dipped.
Brent crude oil prices decreased by 0.6% to about $71.70 per barrel, alleviating some inflation pressures leading up to U.S. price data set to be released later this month.
The dollar's strength against major currencies poses a challenge for cryptocurrencies, which have closely followed the dollar's movements over the past quarter.
The resilience of crypto amidst the wavering AI trade is noteworthy. For much of the last quarter, capital has flowed out of crypto and into semiconductor and AI stocks, often dragging the cryptocurrency market down with it during downturns.
As the week commences, Bitcoin appears to have regained the losses it experienced in late June, with future movements likely contingent on the forthcoming inflation report and whether major cryptocurrencies can sustain their positions as U.S. trading resumes at full capacity. Traders may interpret Bitcoin's ability to remain above $63,000 as an early indication of a sustainable recovery, but a persistently strong dollar and the uncertain outlook for AI stocks leave the market without a definitive catalyst for further gains.
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Building the Zcash Machine: Tachyon and Quantum Readiness
Building the Zcash Machine: Tachyon and Quantum Readiness
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
By CoinDesk ResearchJun 30, 2026Commissioned byGenZcashZcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
Why it matters:
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
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