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.
Make preferred on
Share this article
Summary
- 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.
