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Home/News/Ether, XRP and dogecoin lead broad crypto selloff as tech stocks tumble
CoinDesk·4h ago·negative

Ether, XRP and dogecoin lead broad crypto selloff as tech stocks tumble

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.

  • Ether fell to $1,555 (down 5.6% in 24 hours), its steepest drop among major cryptos
  • XRP dropped to $1.03 and dogecoin to $0.074, both posting weekly losses near 9%
  • Bitcoin briefly hit $58,206 before recovering to ~$59,888, still down 4.5% on the week
  • Apple's 6.1% stock drop on price hikes triggered a global tech selloff, with South Korea's Kospi falling 9%
  • CF Benchmarks says the $50,000-$60,000 zone has historically been where BTC buyers step in
marketImpact 7/10
Why our editor rated this negative

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.

Read the full story at CoinDesk

Coinporta summarises news for fast scanning. Full reporting belongs to the source.

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