---
title: "Dogecoin and Hyperliquid's HYPE Lead Weekly Crypto Losses as Bitcoin Steadies"
description: "Dogecoin and Hyperliquid's HYPE token each shed roughly 10% over the week, leading a broad crypto retreat — though Bitcoin clawed back from a low near $58,000 to close the week around $60,345, down about 5%."
category: "Crypto"
category_url: https://boursel.com/category/crypto
author: "Marcus Feldman"
published: 2026-06-27T08:44:20.000Z
updated: 2026-06-27T08:44:20.000Z
canonical: https://boursel.com/article/dogecoin-and-hyperliquids-hype-lead-weekly-crypto-losses-as-bitcoin-steadies
tags: ["bitcoin", "dogecoin", "hyperliquid", "ethereum", "crypto-markets", "weekly-wrap"]
---
# Dogecoin and Hyperliquid's HYPE Lead Weekly Crypto Losses as Bitcoin Steadies

Dogecoin and Hyperliquid's HYPE token each shed roughly 10% over the week, leading a broad crypto retreat — though Bitcoin clawed back from a low near $58,000 to close the week around $60,345, down about 5%.

Crypto markets ended the week broadly lower, with the meme token Dogecoin and Hyperliquid's HYPE token taking the heaviest hits among major assets, [according to CoinDesk](https://www.coindesk.com/markets/2026/06/27/dogecoin-and-hyperliquid-s-hype-led-weekly-crypto-losses-as-ai-stocks-lure-buyers). It was a calmer finish to a turbulent stretch that earlier in the week had pushed Bitcoin to its first close below $60,000 since 2024.

## The week's losers

Dogecoin — the token that began as a 2013 joke and has since traded as a rough gauge of retail enthusiasm — fell about 9.6% on the week to around $0.076. HYPE, the token of Hyperliquid, dropped close to 10% to around $63. Hyperliquid is a decentralized exchange, or DEX — a trading venue that runs on a blockchain rather than through a company like Coinbase — built for fast trading of perpetual futures, and HYPE is among the larger tokens by market value.

Larger coins fell too, if less sharply. Ether, the second-biggest cryptocurrency, lost about 8.4% to roughly $1,581, and XRP slid 7.8% to about $1.06. Solana and Tron were the relative bright spots, ending the week roughly flat at about $72 and $0.32.

## Bitcoin's bounce

Bitcoin finished down about 5.3% on the week at roughly $60,345 — but that figure masks a sharp intraweek scare. The token fell toward $58,000 late Thursday and again Friday before buyers stepped in both times.

"This pattern resembles margin position liquidations during downtrend spikes, followed by strong buying on pending orders during the recovery," Alex Kuptsikevich, chief market analyst at FxPro, told CoinDesk. The $58,000 area is being watched closely because it sits near Bitcoin's 200-week moving average, a long-run trend line that has often marked a floor in past cycles.

## What's pulling money out

Two forces weighed on crypto through the week. U.S. spot Bitcoin exchange-traded funds — the stock-listed funds that hold actual Bitcoin — saw net outflows, reversing the steady inflows that had supported prices earlier in the year. And money appeared to rotate toward artificial-intelligence-linked equities: the equal-weight version of the S&P 500 hit a record high during the week even as parts of the crypto market sold off, a sign investors were shifting between risk assets rather than fleeing them altogether.

## Where it leaves things

After a week that briefly knocked Bitcoin below a closely watched threshold, the token's recovery to the $60,000 area suggests buyers are still defending the lows — but the weekly return is firmly negative, and the smaller, more speculative tokens bore the brunt. Whether the bounce reflects durable demand or simply technical support at the 200-week average is, as ever, the open question. No analyst cited by CoinDesk offered a directional call on where prices head next.

## Sources

- [Dogecoin and Hyperliquid's HYPE led weekly crypto losses as AI stocks lure buyers](https://www.coindesk.com/markets/2026/06/27/dogecoin-and-hyperliquid-s-hype-led-weekly-crypto-losses-as-ai-stocks-lure-buyers)