ETH, XRP, SOL price news: Crypto majors dive despite tech-led lift in Asian markets

Major cryptocurrencies, including Ether, XRP, and Solana, experienced price declines on Thursday, reflecting broad market weakness even as Asian equity markets, boosted by U.S. tech stock rebounds, pushed higher. Bitcoin traded near $66,700, while Ether, XRP, and Solana saw drops of around 1.7%, nearly 5%, and close to 4%, respectively. This crypto retreat occurred despite positive sentiment in Asian equities following Nvidia's AI chip deal with Meta. The lack of participation from crypto in the equity rally is attributed to a firmer U.S. dollar and uncertainty surrounding the Federal Reserve's interest rate policy, as meeting minutes indicated policymakers were in no rush to cut rates. This macro environment, coupled with steady selling pressure on recent bounces, is keeping crypto rallies short-lived. Meanwhile, gold is absorbing uncertainty, leading analysts to debate Bitcoin's status as 'digital gold,' though one expert noted Bitcoin could recover faster than gold once risk appetite returns and regulatory headwinds subside.

(Source：CoinDesk)