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

Markets Ether, XRP and dogecoin lead a broad crypto selloff as tech stocks tumble Bitcoin slipped near $58,000 before recovering, and CF Benchmarks says the $50,000 to $60,000 zone is where buyers have always stepped in. By Shaurya Malwa Jun 26, 2026, 5:41 a.m. 2 min read Make preferred on Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Make preferred on Summary Show Major cryptocurrencies led by ether, XRP and dogecoin fell more sharply than bitcoin as a global tech stock selloff dragged risk assets lower. Analysts say bitcoin’s decline is being driven partly by large holders selling into a market with waning risk appetite as investors rotate toward AI-related stocks. Bitcoin is hovering in a historically important $50,000 to $60,000 support zone, with key levels at $55,000 on the downside and $61,000 to $62,000 on the upside as altcoins weaken faster. 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 pressure came from outside crypto again. Global stocks slumped to a two-week low after Apple shares fell 6.1% on news it raised prices on Macs, iPads and home devices, stoking fears that higher component costs will eventually slow the memory-chip rally underpinning the AI trade. South Korea's Kospi tumbled as much as 9%, triggering its second trading halt of the week, as chipmakers SK Hynix and Samsung both fell more than 8%. Nasdaq 100 futures fell 1.5%. Brent crude slipped below $74 a barrel, easing little of the pressure, after a projectile strike on a vessel in the Strait of Hormuz briefly revived supply concerns. The crypto-specific selling added to it. Part of bitcoin's pullback came from large holders selling sizable amounts into a market that has been slow to absorb the extra supply, said Gabe Selby, head of research at CF Benchmarks, in an email to CoinDesk. He said much of the new money and investor attention has flowed into AI plays lately, leaving crypto fighting for a smaller share of overall risk appetite, and described the move as a broad market cooldown rather than anything broken in crypto itself. Selby sees the current zone as the one that has historically halted bitcoin's declines. "Bitcoin has pulled back into the $50,000 to $60,000 zone today, and if history is any guide, this is where buyers step in," he said. That leaves the market where it has traded all week, with bitcoin leaning on a level it has not lost in nearly two years while the altcoins around it weaken faster. Selby further pointed to $55,000 as the support to watch below and $61,000 to $62,000 as the level bulls need to reclaim, and advised keeping position sizes sensible. The broader read is unchanged from the past several days. Crypto is falling on a tech selloff it did not start, with little of its own to lift it while money keeps rotating into AI. Latest Crypto News 1 Live markets: Bitcoin rebounds to nearly $60,000. Kospi, Nikkei sink 32 minutes ago 2 Asset management giant Invesco files for tokenized fund targeting stablecoin reserve market 8 hours ago 3 Coinbase's Base blockchain resumes after two-hour outage disrupted network 10 hours ago 4 Strategy's yield-generating STRC stock is more correlated with BTC than ever 11 hours ago 5 Kraken in talks to buy 15% stake in DeFi lender Aave at $385 million valuation 12 hours ago 6 a16z-backed crypto firm rebrands, shifts focus to solving AI’s global copyright headache 12 hours ago 7 BlackBerry is making a massive comeback as an 'uncrashable' software layer for AI and robotics 13 hours ago 8 Strategy has a 10-month cash runway for dividends, but retail investors are losing faith 13 hours ago 9 Quant fund says bitcoin is near a major inflection point as rare onchain signals align 14 hours ago 10 Bitcoin tumbles to new multi-year low of $58,000, but a short-squeeze setup emerges 14 hours ago Latest Research CEX Volumes Drop to Lowest Since September 2024 as RWA Perps Hit Record High CEX Volumes Drop to Lowest Since September 2024 as RWA Perps Hit Record High In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024. RWA perpetual futures volumes rose 10.4% against the trend, hitting a new all-time high. By CoinDesk Research Jun 15, 2026 In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024. RWA perpetual futures volumes rose 10.4% against the trend, hitting a new all-time high. Why it matters : In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024. RWA perpetual futures volumes rose 10.4% against the trend, hitting a new all-time high. View Full Report More From Markets Strategy's yield-generating STRC stock is more correlated with BTC than ever BlackBerry is making a massive comeback as an 'uncrashable' software layer for AI and robotics Strategy has a 10-month cash runway for dividends, but retail investors are losing faith