Dogecoin and Hyperliquid's HYPE led weekly crypto losses as AI stocks lure buyers

This week saw a significant shift in investor focus, with traditional tech stocks, particularly in AI, gaining traction while cryptocurrencies took a hit. Memecoins like Dogecoin and Hyperliquid's HYPE led the decline, with Dogecoin experiencing notable losses. Meanwhile, the broader stock market soared, reaching new highs, largely due to a move away from chipmakers. This shift underscores the ongoing volatility in the crypto market compared to more stable traditional sectors, highlighting the broader implications of changing investor sentiment.