Ether, XRP flat as chip stocks steady on Samsung's 250-fold profit surge

CoinDesk·

Ether, XRP flat as chip stocks steady on Samsung's 250-fold profit surge

60-second summary

Ether and XRP remain flat as chip stocks stabilize following Samsung's 250-fold profit surge, easing Asia's semiconductor selloff. Despite this, crypto majors are still lower over the week, with HYPE plummeting 8% in the latest downturn. The market's cautious stance reflects ongoing concerns about global economic uncertainty and its impact on cryptocurrency prices.

Crypto's majors barely moved as Asia's semiconductor selloff eased. Most are still lower over the week, with HYPE down 8%.