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Ether declines twice as much as Bitcoin with HYPE dropping 10% amid semiconductor sell-off
Overall sentiment: Negative
Open original · Shaurya Malwa
Published Jul 17, 2026 · Retrieved Jul 17, 2026
business technology finance politics environment
- Ether dropped 4% to $1,850, falling twice as hard as Bitcoin amid crypto market decline Newsworthy Reliable Negative
- HYPE plunged 10% on the day and 12% on the week, marking its steepest decline since June Newsworthy Reliable Negative
- Asian semiconductor stocks sell-off led by Japan’s Nikkei and Taiwan Semiconductor dragged crypto prices lower Newsworthy Reliable Negative
- Bitcoin fell 2% to about $63,400, holding up better than other major cryptocurrencies Relevant Reliable Negative
- U.S. spot Ether ETFs attracted nearly $97 million inflows early this week, mostly to BlackRock’s funds Relevant Reliable Neutral
- Market experts view current price action as consolidation under resistance, not a confirmed reversal Relevant Plausible Very negative
- Fear and Greed Index remains at 25, indicating extreme fear despite ongoing market activity Relevant Reliable Very negative
- Oil prices surged 12% this week to about $85 a barrel amid escalating Middle East tensions and U.S. strikes on Iran Newsworthy Reliable Negative
Type: standard news · Analysis confidence: 95%
Used in syntheses
- ChatGPT forecasts XRP price at $1.35 by Q3 2026 • Ripple triples prime brokerage revenue • Secures full EU MiCA authorization • XRP Ledger surpasses 8 million accounts • ETF inflows mixed • Former CTO regrets early XRP sales • XRP classified as digital commodity by SEC and CFTC
- XRP price slips to $1.08 amid macro and technical headwinds • CLARITY Act Senate passage odds drop to 35% due to ethics dispute • XRP Ledger hits 8 million funded accounts with whale accumulation near five-month low Binance reserves