Ether and HYPE Slide as Crypto Markets Follow Global Equity Selloff

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Cryptocurrency markets faced sharp declines as a broader unwinding of the chip trade rattled global markets. Ether fell approximately twice as steeply as Bitcoin during the downturn, while HYPE dropped around 10%. Japan's Nikkei stock index recorded its worst single-day performance since March, reflecting widespread risk-off sentiment. Despite the recent losses, Ether remained the only major cryptocurrency still holding a marginal weekly gain.

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