Ether, XRP and dogecoin lead a broad crypto selloff as tech stocks tumble
Key takeaways
- Ether dropped 5.6% over 24 hours to about $1,555 and is down 7.9% on the week, the steepest fall among the large caps, per CoinDesk data.
- Bitcoin dipped near $58,000 before recovering toward $60,000, trading around $59,888, down 2.7% on the day and 4.5% on the week.
- The pressure came from outside crypto again.
Ether dropped 5.6% over 24 hours to about $1,555 and is down 7.9% on the week, the steepest fall among the large caps, per CoinDesk data. XRP fell 4.9% to $1.03 for an 8.5% weekly loss, dogecoin slid 3.8% to $0.074 and is down 9.8% over seven days, and solana held up better at $68, off 1.2% on the week.
Hyperliquid's HYPE fell 5.4%. Tron was the lone gainer, up 0.4%. Bitcoin dipped near $58,000 before recovering toward $60,000, trading around $59,888, down 2.7% on the day and 4.5% on the week.
The pressure came from outside crypto again. Global stocks slumped to a two-week low after Apple shares fell 6.1% on news it raised prices on Macs, iPads and home devices, stoking fears that higher component costs will eventually slow the memory-chip rally underpinning the AI trade.