XRP, Dogecoin, Ethereum lead losses among blue-chip crypto assets.

The cryptocurrency market is enduring one of its sharpest broad-based pullbacks of 2026, with blue-chip assets @dogecoin $DOGE, @Ripple $XRP, and @Ethereum $ETH taking the heaviest hits among large-cap tokens over the past seven days.

@dogecoin $DOGE has fallen 12% on the week, while both @Ripple $XRP and @Ethereum $ETH have shed roughly 9% over the same period. At the time of writing, not a single asset in the CoinMarketCap top 30 had recorded positive price action in the past seven days, an unusually uniform sign of bearish pressure across the market.

A Market-Wide Rout

The scale of the decline reflects more than routine volatility. Bitcoin slid toward $62,000 amid a broad sell-off in technology and semiconductor stocks, extending its weekly losses and pressuring risk assets globally. Crypto markets fell across major tokens while U.S. spot Bitcoin ETFs logged a record 30-day net outflow of more than $6 billion, signaling sustained institutional de-risking.

Leading cryptocurrencies cracked alongside stocks after a sharp decline in chip-related shares cast doubt on the sustainability of the AI rally. Bitcoin dropped below $62,000 amid heavy selling, while Ethereum bulls failed to defend support at $1,700. XRP and Dogecoin recorded sharp declines as well, with over $560 million liquidated from the cryptocurrency market in a single 24-hour window, according to Coinglass data.

For $XRP, the slump threatened to push the digital asset under $1 for the first time since shortly after President Donald Trump's 2024 reelection win. For $DOGE, the fall thrust the first meme coin to its lowest levels since late 2023.

Macro Pressure and Weak Sentiment

"Extreme Fear" sentiment intensified, returning to levels seen earlier this month, according to the Crypto Fear and Greed Index. The pullback is primarily driven by Bitcoin-led selling amplified by derivatives liquidations. Traders are also contending with a mix of ETF outflows, weak risk sentiment, and rising debate over whether the massive SpaceX IPO demand is pulling liquidity away from crypto markets.

The iShares Bitcoin Trust ETF saw $239.30 million in net outflows and the Fidelity Wise Origin Bitcoin Fund shed $120.80 million in a single session. Around $86.10 million also flowed out of the iShares Ethereum Trust ETF.

"Days like today are undoubtedly painful," said Juan Leon, senior investment strategist at crypto asset manager Bitwise. Leon noted that pronounced drawdowns in crypto prices have felt thesis-breaking in the moment, but the technology continues to be adopted as a modern form of market plumbing.

This article is for informational purposes only and does not constitute investment advice.

Sources:
CoinDesk: Bitcoin drops toward $62,000 as chip selloff deepens
Yahoo Finance: Bitcoin sell-off drags Ethereum, XRP and Dogecoin lower
Benzinga: Bitcoin, Ethereum, XRP, Dogecoin drop amid global chip sell-off