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Bitcoin and Ether rise strongly as equity futures climb, despite semiconductor sector weakness.

Market News
06 Jul 2026
Blockonomi
View Source
Bullish
pluang ai news

Bitcoin held above $63,000 with a 5.5% weekly gain, while Ether led major cryptocurrencies with a 12.4% surge. Other tokens like HYPE and Solana also posted notable increases despite a strong dollar. Equity futures rose following record highs, with the Dow nearing 53,000 and the S&P 500 and Nasdaq up about 2%. However, semiconductor stocks, including Micron Technology, fell sharply, reflecting sector challenges. JPMorgan raised its year-end S&P 500 target to 7,800, but analysts warn of high concentration in AI stocks reminiscent of the dot-com bubble. Investors await key economic data and Fed meeting minutes this week to gauge market direction.

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