Ether (ETH) fell twice as hard as bitcoin on Friday and hyperliquid HYPE fell more than five times as hard, as a selloff in Asian semiconductor stocks dragged all major cryptocurrencies lower.
Ether fell 4% to $1,850, although it remains up 4% through seven sessions and is the only major still green this week. HYPE was the worst of them at $60, down 10% on the day and 12% on the week, its strongest trend since June. Solana slipped 2% to $75 and is down 5% for the week.
XRP fell 2% to $1.09, BNB fell 2% to $571, TRON slipped to 32 cents and dogecoin lost 2%. Bitcoin held up best of the group, down 2% to around $63,400 and down 1% for the week after failing twice to hit $65,000.
Sales started in semiconductors. MSCI’s index of Asia-Pacific shares fell 3%, heading for its lowest close in two months, while Japan’s Nikkei 225 index fell 5% in its worst session since March. Taiwan Semiconductor was on track for its biggest one-day decline since April 2025 and Japan’s Kioxia fell 16%.
