Market Chaos: Ether Drops Twice as Fast as Bitcoin as Chip Trade Unwinds

The crypto market is witnessing a sharp correction, with Ether falling twice as hard as Bitcoin. As the semiconductor chip trade undergoes a massive unwind, the HYPE token has also plummeted by 10%, reflecting a broader shift in investor sentiment and risk appetite.
This volatility is compounded by global economic instability, highlighted by Japan's Nikkei index suffering its worst day since March. Amidst this turbulence, Ether remains the only major asset holding a marginal gain for the week, though it struggles to maintain momentum against the heavy market sell-off.
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