Ether falls twice as hard as bitcoin and HYPE drops 10% as the chip trade unwinds
CoinDesk·
60-second summary
Ether is buckling under pressure, plummeting twice as sharply as bitcoin, while HYPE token drops 10% as the global chip trade unwinds, exacerbating economic concerns. Japan's Nikkei plummeted, its worst day since March, casting a dark cloud over cryptocurrency markets. Ether's slight weekly gain is a rare bright spot amidst market turmoil.
Japan's Nikkei had its worst day since March. Ether is still the only major holding a gain on the week, barely.