Bitcoin, Ethereum see largest weekly drop since FTX, market cap down $390B

LAB, H, and BEAT are today's top gainers, having surged by double digits.

Bitcoin price weakness and rising open interest point to crowded leverage as traders watch for liquidations, squeeze risk, and key support.

The strong jobs data highlights the interconnectedness of crypto and traditional markets, as rate hike fears trigger widespread asset repricing. The post US stocks plunge as strong jobs data fuels rate hike fears, dragging Bitcoin below $62K appeared first on Crypto Briefing.

Strategy's Bitcoin-centric approach highlights the risks of asset concentration, potentially impacting shareholder value during market downturns. The post Strategy CEO Phong Le says buying Bitcoin is easier than selling appeared first on Crypto Briefing.

SK Hynix's market cap drop highlights the volatility in the memory chip sector, emphasizing the cyclical nature and competitive pressures in tech. The post SK Hynix drops below $1T market cap after brief stint in the trillion-dollar club appeared first on Crypto Briefing.

Capital rotation into artificial intelligence may have played a bigger role in Bitcoin’s latest selloff than most market watchers initially assumed. Michael Saylor, whose company Strategy recently sold a portion of its Bitcoin holdings, pushed back on criticism and pointed instead to an unprecedented flow of money into AI infrastructure as a key factor behind the drop. Related Reading: Bitmine Seeks $300M Raise To Accelerate Ethereum Accumulation Strategy Saylor Pushes Back On Blame Strategy’s Bitcoin sale briefly made Saylor a target. TV personality Jim Cramer went as far as to say Saylor had “murdered Bitcoin,” a claim Saylor denied outright. He argued that capital markets have been funding the AI buildout at historic scale — roughly $400 billion over six months — and that the pressure on Bitcoin was a rotation of capital, not a sign of structural damage to the asset. SBI Holdings Chair Yoshitaka Kitao echoed that view, pointing to the upcoming IPOs of SpaceX, Anthropic, and OpenAI a

Dogecoin is trading below $0.09 at the time of writing, which places it more than 88% from its May 2021 all-time high of $0.74, and overlooked in a market that has spent most of 2026 rotating around Bitcoin, Ethereum and XRP.  However, crypto analyst Javon Marks sees something in DOGE’s long-term chart that most traders are missing: a repeating pattern of increasing alt season performances that, if it holds, points to a target above $20 for the meme coin. Related Reading: Bitmine Seeks $300M Raise To Accelerate Ethereum Accumulation Strategy Dogecoin’s Alt-Season Pattern Technical analysis of Dogecoin’s movement on the weekly candlestick timeframe chart shows that the king of meme coins has delivered increasingly large moves during major altcoin cycles, with the 2017 and 2021 rallies serving as the foundation for the latest forecast. The weekly chart tracks Dogecoin’s price action across multiple market cycles, beginning from the early years of DOGE trading and extending into an alt-se