Ether, XRP and dogecoin lead broad crypto selloff as tech stocks tumble
Ether, XRP and dogecoin led a broad crypto selloff as a renewed rout in technology stocks dragged risk assets lower, with bitcoin briefly dipping near $58,000 before recovering toward $60,000.
Ether, XRP and dogecoin led a broad crypto selloff into the weekend, falling harder than bitcoin as a renewed rout in technology stocks pulled risk assets lower worldwide.
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 selloff in crypto mirrors the weakness in equity markets, particularly the tech-heavy Nasdaq, as rising interest rate expectations and geopolitical uncertainty weigh on risk appetite. The correlation between bitcoin and the Nasdaq 100 has remained elevated, meaning moves in tech stocks often spill over into digital assets. Live crypto prices and charts on NowPrice show how the market is reacting in real time, with altcoins bearing the brunt of the selling as traders reduce exposure to higher-beta assets.
Looking ahead, traders will watch for any signs of stabilization in tech stocks and key macroeconomic data, including upcoming US jobs reports and Federal Reserve commentary. Bitcoin's ability to hold above the $58,000 support level will be critical; a break below could trigger further downside toward $55,000. On the upside, a recovery above $62,000 would signal renewed buying interest. The altcoin market, particularly ether and XRP, may remain under pressure until broader risk sentiment improves.