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CRYPTO

Ether, XRP and Dogecoin Lead Crypto Selloff as Tech Stocks Slump

On June 26, 2026, major cryptocurrencies including ether, XRP and dogecoin fell more sharply than bitcoin as a global technology stock selloff pressured risk assets.

By coindesk · 7h ago · Source: coindesk

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On June 26, 2026, major cryptocurrencies including ether, XRP and dogecoin fell more sharply than bitcoin as a global technology stock selloff pressured risk assets.

Bitcoin hovered near $59,888, down 2.7% on the day and 4.5% over the week, while ether dropped 5.6% to $1,555 and fell 7.9% in the week, the steepest decline among large‑cap cryptocurrencies, according to CoinDesk data. XRP fell 4.9% to $1.03, down 8.5% for the week, dogecoin slipped 3.8% to $0.074, a 9.8% weekly drop, and solana remained relatively stable at $68, down 1.2%.

The selloff followed a decline in technology equities, driven by a 6.1% drop in Apple shares after price increases on Macs, iPads and home devices, and declines of more than 8% in South Korean chipmakers SK Hynix and Samsung, contributing to a 9% fall in the Kospi index. Nasdaq 100 futures fell 1.5%, and Brent crude slipped below $74 a barrel.

Gabe Selby, head of research at CF Benchmarks, said in an email to CoinDesk that large holders were selling into a market with limited risk appetite as investor interest shifted toward AI‑related stocks. He noted that bitcoin has historically found support in the $50,000‑$60,000 range and that the current level represents a zone where buyers have previously entered, while altcoins continued to weaken faster.

The broader market pattern remained unchanged, with crypto declining as part of a wider tech selloff that began outside the sector and no immediate catalyst identified to support a rebound.

Source transparency

Publisher
coindesk
Reliability
high
Published
6/26/2026, 1:00:17 PM
Retrieved
6/26/2026, 1:00:17 PM
Relevance
80%
Confidence
85%
Read original at coindesk

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