Bitcoin risks another lower high as stocks rally, AI tokens outperform
Get the Finance newsletter
Daily finance — markets, central banks, M&A, the prints that move money. Free.
- Bitcoin has slid 7% over the past two weeks, risking another lower high in a bearish structure dating back to October.
- Ether has lost more than 10% over the same period, trading around $2,098, and remains stuck in a range established between February and April.
- CoinDesk Computing Select Index rose 1.9%, led by RENDER and FET, while the DeFi Select Index gained 1.3%.
- ZEC fell about 7% alongside XMR and DASH, marking a broader slump in privacy‑focused coins.
- NEAR surged 58% in the week to May 24 and added another 14% to $2.82, with open interest climbing to a record 309 million tokens.
Why it matters: Crypto investors see AI and NEAR holders gaining as privacy‑token traders lose value; the shift redirects capital toward high‑growth altcoins while Bitcoin’s downside limits market‑wide upside.
