Bitcoin, ether, XRP, dogecoin lag a nine-week stocks rally as ETF demand cools
The S&P 500 has achieved its longest weekly winning streak since 2023, while major cryptocurrencies like Bitcoin and Ether have experienced declines. Despite a positive macro environment driven by hopes for a U.S.-Iran ceasefire, the largest cryptocurrencies fell between 2% and 6%. Smaller tokens, particularly Hyperliquid's HYPE, saw significant gains, contrasting with the overall trend in the crypto market.
- ▪The S&P 500 posted its ninth consecutive weekly gain, marking the longest streak since 2023.
- ▪Major cryptocurrencies like Bitcoin and Ether fell nearly 3% amid cooling spot bitcoin ETF inflows.
- ▪Hyperliquid's HYPE token surged nearly 20%, while other smaller tokens like BNB and XRP saw modest gains.
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MarketsShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailBitcoin, ether, XRP, dogecoin lag a nine-week stocks rally as ETF demand coolsThe S&P 500 posted its longest weekly winning streak since 2023 and Brent oil stabilized near $92 on US-Iran ceasefire hopes. The biggest cryptocurrencies still drifted lower, with Hyperliquid's HYPE the only major name to rally.By Shaurya Malwa May 30, 2026, 5:41 a.m. 2 min readMake preferred on What to know: U.S. stocks and oil rallied, with the S&P 500 logging a ninth straight weekly gain and Brent crude hovering near $92 a barrel on hopes for a U.S.-Iran ceasefire extension.Major cryptocurrencies lagged the macro rally, with bitcoin, ether and other large-cap tokens falling around 2% to 6% amid cooling spot bitcoin ETF…
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