Ether falls twice as hard as bitcoin and HYPE drops 10% as the chip trade unwinds
Japan’s Nikkei had its worst day since March. Ether is still the only major holding a gain on the week, barely.
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Summary
- A sharp sell-off in Asian semiconductor stocks, led by steep drops in Japan’s Nikkei and Taiwan Semiconductor, spilled into crypto markets and dragged major tokens lower on Friday.
- Ether fell about 4 percent to $1,850, underperforming bitcoin despite strong inflows of nearly $97 million into U.S. spot ether ETFs this week, most of it into BlackRock’s funds.
- Market participants describe the move as consolidation under resistance rather than a confirmed reversal, even as sentiment gauges sit in extreme fear and oil prices surge on escalating Middle East tensions.
