Ether (ETH) led the cryptocurrency market on Monday, with Bitcoin maintaining its position above $63,000. Bitcoin traded at approximately $63,207, marking a 5.5% increase over the past week, according to CoinDesk data. Ether outperformed with a 12.4% weekly rise to about $1,777. Other notable performers included Solana, which rose 11.2% to $80.77, and Hyperliquid's HYPE, which surged 14.6%.
Despite a cautious market backdrop, major cryptocurrencies sustained their gains. BNB and Dogecoin each increased by 5.5%, while XRP climbed 9.4% to $1.14. The broader market sentiment was tempered by a slowdown in semiconductor and technology shares, with South Korea's Kospi index falling 1.4% and Brent crude oil prices dropping 0.6% to $71.70 per barrel. The strengthening U.S. dollar posed a challenge for cryptocurrencies, which have been sensitive to currency fluctuations.
Ether Leads Crypto Gains as Bitcoin Holds Steady Above $63,000
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