The cryptocurrency market diverged from U.S. equities: the S&P 500 rose for nine consecutive weeks, hitting a new high, while Bitcoin and Ethereum posted weekly losses.
Source:
www.coindesk.com
U.S. equities continued to strengthen amid positive macroeconomic expectations, while the crypto market showed relatively weak performance. Bitcoin and Ethereum both declined this week, whereas HYPE rose nearly 20% against the trend, becoming a market focal point.