Ether, XRP, and Dogecoin leading crypto selloff alongside tech stock declines on KuCoin.
June 26, 2026
Over the past weekend, Ether, XRP, and Dogecoin experienced significant drops in value, outpacing Bitcoin in a broad crypto selloff. Ether saw a decline of 5.6% over a 24-hour period, settling at approximately $1,555, marking a 7.9% decrease for the week. Similarly, XRP fell by 4.9% to $1.03, leading to an 8.5% weekly loss, while Dogecoin slid down by 3.8% to $0.074, reflecting a 9.8% decline over seven days. In contrast, Solana managed to remain relatively stable at $68, slipping only 1.2% for the week. Hyperliquid’s HYPE also experienced a drop of 5.4%. The only gainer amidst this downturn was Tron, showing a slight increase of 0.4%.
As for Bitcoin, the leading cryptocurrency, it dipped close to $58,000 before rebounding towards $60,000, ultimately settling around $59,888. This represented a 2.7% decrease in value for the day and a 4.5% decrease for the week. The downward pressure on these cryptocurrencies was not solely due to internal factors within the crypto market but was influenced by external events as well.
The global stock market witnessed a significant decline, reaching a two-week low following a 6.1% drop in Apple’s shares due to price hikes on Macs, iPads, and home devices. This development raised concerns about the impact of higher component costs on the memory-chip rally that has been supporting the artificial intelligence (AI) trade. South Korea’s Kospi index plummeted by as much as 9%, leading to its second trading halt of the week, as major chipmakers SK Hynix and Samsung faced drops exceeding 8%. Nasdaq 100 futures also fell by 1.5%. Meanwhile, Brent crude oil slipped below $74 a barrel, adding to market jitters sparked by a recent projectile strike on a vessel in the Strait of Hormuz, briefly reviving concerns about supply disruptions.
Gabe Selby, the head of research at CF Benchmarks, highlighted that part of Bitcoin’s decline was driven by significant holders liquidating their positions in a market that struggled to absorb the excess supply. Selby pointed out that the recent influx of new money and investor focus on AI-related investments has limited the capital flowing into the crypto market. He characterized the current market conditions as a general cooldown affecting various assets rather than indicating any inherent issues with the crypto market itself. Selby also noted historical patterns where Bitcoin has found support in the $50,000 to $60,000 range, emphasizing the importance of the $55,000 support level and the need for bulls to reclaim the $61,000 to $62,000 range.
To summarize, the recent downturn in the crypto market, with Ether, XRP, and Dogecoin leading the losses, can be attributed to external factors such as the broader technology stock selloff. As money continues to flow towards AI-related investments, the cryptocurrency market faces a challenging landscape, with Bitcoin poised at crucial support levels while altcoins struggle to hold their ground.
