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Ether, XRP, and dogecoin lead crypto selloff as tech stocks tumble, bitcoin holds key $50K-$60K support zone.

Market News
26 Jun 2026
Coindesk
View Source
Bearish
pluang ai news

Major cryptocurrencies including ether, XRP, and dogecoin fell sharply amid a global tech stock selloff, dragging risk assets lower. Bitcoin dipped near $58,000 before recovering to around $59,888, staying within a historically important $50,000 to $60,000 support zone where buyers typically step in. The selloff is partly driven by large bitcoin holders selling and investor rotation toward AI-related stocks, causing altcoins to weaken faster than bitcoin. Analysts view this as a broad market cooldown rather than a fundamental problem in crypto, with key support at $55,000 and resistance around $61,000 to $62,000.

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