Ether dropped 5.6%, XRP fell 4.9% and dogecoin slid 3.8% as a global tech stock rout dragged crypto lower. Bitcoin dipped near $58,000 before recovering to $60,000, with analysts calling the $50,000-$60,000 zone a key support area where buyers have historically stepped in.
Broad market selloff with major altcoins posting steep losses. Bitcoin testing multi-year support levels. However, analysts note the selloff is driven by external tech stock weakness, not crypto-specific problems, and BTC is in a historically strong support zone.
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