Dogecoin and BNB Outperform as Bitcoin Slips Near $63,700

Dogecoin was the strongest performer among major cryptocurrencies on Wednesday, rising almost 3% to just above 7 cents, while BNB gained 2% to $614. Bitcoin moved in the opposite direction, slipping near $63,700 and standing out as the only large token lower on both the day and the week.

The move matters because crypto traders were weighing token-specific gains against a broader macro backdrop that remained sensitive to inflation, interest-rate expectations and energy prices. According to CoinDesk, investors were focused on the upcoming U.S. CPI report and tensions in the Middle East, with lower inflation potentially supporting risk assets while higher oil prices could complicate that outlook.

Other major tokens were mixed but mostly positive. Tron rose almost 1% to just under 34 cents and was up more than 2% for the week. XRP added more than half a percent to just above $1, though it remained down 5% over seven days, the weakest weekly showing among the majors. Solana and ether also edged higher, trading around $76 and $1,890 respectively, with solana up 3% on the week.

Hyperliquid’s HYPE was another exception to the day’s gains, falling more than 1% to $54 and sitting 3% lower for the week. Outside crypto, equities were stronger, helped by semiconductor-related earnings momentum. Korea’s Kospi climbed 4.6%, while Samsung Electronics and SK Hynix each jumped around 7%, and MSCI’s Asia Pacific gauge rose almost 1%.

Oil continued to rise, with Brent up more than 1% to $90 a barrel for a sixth straight session. BTSE chief operating officer Jeff Mei told CoinDesk that the week’s direction depends on the inflation print and whether Iran and the U.S. reach a deal over the Strait of Hormuz, adding that softer CPI numbers could support a relief rally in risk assets.