Dogecoin drops nearly 10% as investors shift from crypto to AI stocks
3h ago· 2 min readenNews
Summary
Dogecoin led crypto losses last week with a nearly 10% drop, as investors rotated out of memecoins and into AI-related stocks. The equal-weight S&P 500 hit a record high driven by a shift away from semiconductor stocks, but crypto assets like Ether (down 8%) and other meme coins also suffered. The article highlights a broader "crypto winter" trend where AI stock plays are siphoning funds away from digital assets.
Source
bskyDogecoin drops nearly 10% as investors shift from crypto to AI stocksnews.owkid.comKey quotes
· 3 pulledDogecoin plummeted by almost 10% last week, leading a dismal performance in the crypto market as investors shunned tokens in favor of stock plays tied to the AI boom.
The equal-weight S&P 500 index reached a record high, largely due to a rotation out of semiconductor stocks, which have cooled after a hot streak.
Ether dropped 8% on the week, and other meme coins didn't fare much better.
Dogecoin plummeted by almost 10% last week, leading a dismal performance in the crypto market as investors shunned tokens in favor of stock plays tied to the
Comments
Sign in to join the conversation.
No comments yet. Be the first.