Ether, XRP and Dogecoin Lead Crypto Pullback as Tech Shares Slide
Major cryptocurrencies fell into the weekend, with ether, XRP and dogecoin weakening more than bitcoin as a global tech-stock selloff weighed on risk assets. Bitcoin briefly neared $58,000 before recovering toward $60,000, while analysts pointed to large-holder selling and reduced risk appetite.
What happened?
Major cryptocurrencies fell into the weekend, with ether, XRP and dogecoin weakening more than bitcoin as a global tech-stock selloff weighed on risk assets. Bitcoin briefly neared $58,000 before recovering toward $60,000, while analysts pointed to large-holder selling and reduced risk appetite.
Why it matters
Ether, XRP and dogecoin led a broad crypto selloff on Friday as pressure from global technology stocks spread across risk markets. Ether fell 5.6% over 24 hours to about $1,555, XRP dropped 4.9% to $1.03 and dogecoin slid 3.8% to $0.074, according to CoinDesk data cited in the report. Bitcoin dipped near $58,000 before rebounding toward $60,000, trading around $59,888 at the time of publication.
Ether, XRP and dogecoin led a broad crypto selloff on Friday as pressure from global technology stocks spread across risk markets. Ether fell 5.6% over 24 hours to about $1,555, XRP dropped 4.9% to $1.03 and dogecoin slid 3.8% to $0.074, according to CoinDesk data cited in the report. Bitcoin dipped near $58,000 before rebounding toward $60,000, trading around $59,888 at the time of publication.
The move matters because it shows crypto trading in step with wider risk sentiment rather than moving on a clearly crypto-specific catalyst alone. CoinDesk reported that global equities hit a two-week low after weakness in technology shares, while investor attention and capital continued to favor AI-related trades, leaving digital assets with less support from broader risk appetite.
The selling was sharper in several major altcoins than in bitcoin. Ether was down 7.9% on the week, XRP had lost 8.5% over the same period and dogecoin was down 9.8% in seven days. Solana held up comparatively better at $68, off 1.2% on the week, while Hyperliquid’s HYPE fell 5.4% and Tron was the lone gainer, up 0.4%.
Outside crypto, Apple shares fell 6.1% after the company raised prices on Macs, iPads and home devices, according to the source report. South Korea’s Kospi fell as much as 9%, triggering its second trading halt of the week, as SK Hynix and Samsung each dropped more than 8%. Nasdaq 100 futures were also lower, while Brent crude slipped below $74 a barrel after a vessel strike in the Strait of Hormuz briefly revived supply concerns.
Gabe Selby, head of research at CF Benchmarks, told CoinDesk that part of bitcoin’s pullback came from large holders selling into a market that has been slow to absorb extra supply. He framed the decline as a broad market cooldown rather than a sign of something structurally broken in crypto, and pointed to the $50,000 to $60,000 range as a historically important zone where buyers have stepped in. Selby identified $55,000 as a downside level to watch and $61,000 to $62,000 as the area bulls would need to reclaim.