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