Crypto Markets Slide as Ether, XRP, and Dogecoin Lead Losses Amid Tech Rout

Bitcoin briefly fell toward $58,000 before rebounding, with CF Benchmarks noting that the $50,000–$60,000 range has historically attracted strong buying interest.

Ether, XRP, and dogecoin spearheaded a broad crypto downturn heading into the weekend, underperforming bitcoin as a fresh selloff in technology stocks dragged global risk assets lower.

Ether declined 5.6% over the past day to roughly $1,555 and is down 7.9% for the week, marking the sharpest drop among major tokens, according to CoinDesk. XRP slipped 4.9% to $1.03, extending its weekly loss to 8.5%, while dogecoin fell 3.8% to $0.074, down 9.8% over seven days. Solana showed relative resilience at $68, easing just 1.2% on the week.

Elsewhere, Hyperliquid’s HYPE token dropped 5.4%, while Tron stood out as the only gainer, edging up 0.4%. Bitcoin dipped close to $58,000 before recovering toward $60,000, last trading near $59,888, down 2.7% on the day and 4.5% for the week.

The selling pressure largely originated outside the crypto market. Global equities slid to a two-week low after Apple shares sank 6.1% following price increases across Macs, iPads, and home devices, raising concerns that rising component costs could eventually slow the AI-driven rally in memory chips.

South Korea’s Kospi index plunged as much as 9%, triggering its second trading halt this week, with chip giants SK Hynix and Samsung each falling more than 8%. Nasdaq 100 futures dropped 1.5%. Meanwhile, Brent crude dipped below $74 per barrel, offering limited राहत despite a brief spike in supply concerns after a projectile incident in the Strait of Hormuz.

Crypto-specific factors added to the decline. Part of bitcoin’s pullback was driven by large holders offloading significant amounts into a market that has struggled to absorb the additional supply, according to Gabe Selby, head of research at CF Benchmarks.

Selby noted that much of the recent capital inflow and investor focus has shifted toward AI-related assets, leaving crypto competing for a smaller share of overall risk appetite. He characterized the move as a broad market cooldown rather than a structural issue within crypto.

He added that bitcoin has once again entered the $50,000–$60,000 range—a zone that has historically acted as a floor during downturns. If past patterns hold, this is where buyers are likely to step in.

That keeps the market in a familiar position, with bitcoin holding above a key level it hasn’t lost in nearly two years, while altcoins continue to weaken more sharply. Selby highlighted $55,000 as the next key support level, with $61,000–$62,000 acting as the threshold bulls need to reclaim, advising investors to manage position sizes carefully.

Overall, the narrative remains consistent: crypto is reacting to a tech-driven selloff it did not initiate, with limited internal catalysts as capital continues rotating into AI-focused trades.