A rotation out of chipmakers lifted much of the stock market, with the equal-weight S&P 500 at a record. Crypto was not part of it. Ether fell 8% on the week and the memecoins dropped harder.

Bitcoin's slide to its lowest point in 21 months slammed the price of leading altcoins, while pressuring crypto stocks on Wall Street.

US stocks turned mixed as bitcoin fell below $60K, oil dropped, metals slid and AI chip concerns hit risk appetite.