Ether falls twice as hard as bitcoin and HYPE drops 10%

Ether (ETH) fell twice as hard as bitcoin on Friday and hyperliquid’s HYPE fell more than five times as hard, as a selloff in Asian semiconductor shares dragged every major cryptocurrency lower.

Ether dropped 4% to $1,850, though it remains up 4% over seven sessions and is the only major still green on 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 slid 2% to $75 and is off 5% for the week.

XRP eased 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 about $63,400 and 1% on the week after failing twice at $65,000.

The selling started in semiconductors. MSCI’s Asia Pacific equities gauge dropped 3%, heading for its lowest close in two months, while Japan’s Nikkei 225 slumped 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 sank as much as 16%.