Bearish
Ether (ETH) Plunges Double Bitcoin (BTC) Losses, HYPE Token Crashes 10% as Chip Trade Unwinds
17.07.2026 11:48
The cryptocurrency market experienced a sharp downturn as the "chip trade" began to unwind. Ether (ETH) suffered significantly more than Bitcoin (BTC), falling twice as hard. The altcoin HYPE also saw a dramatic decline, dropping 10% in value. This sell-off highlights the heightened volatility and risk in the altcoin sector compared to the leading cryptocurrency Bitcoin. The unwinding of the chip trade, a popular strategy involving semiconductor and tech stocks, appears to have triggered a broad risk-off sentiment that spilled over into the crypto market, with Ethereum and other altcoins bearing the brunt of the selling pressure.
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