Ether, XRP and dogecoin lead a broad crypto selloff as tech stocks tumble
Major cryptocurrencies including Ether, XRP, and Dogecoin experienced a sharp selloff following a broader market downturn triggered by tech stock declines. Concerns over rising component costs for Apple and a significant market drop in South Korea have shifted investor appetite away from crypto toward AI-related assets.
Why it matters
The correlation between traditional tech stock performance and crypto volatility underscores the increasing integration of digital assets into the broader global financial risk landscape.
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.
The article relies on market data and expert commentary to explain financial trends without taking a stance.
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