Tech stock selloff drags Ether down 5% and XRP down 4% as Fear & Greed hits 13

The day's driver was a broad selloff in tech stocks that spilled directly into crypto. Ethereum and XRP led the decline among large caps — ETH fell 5.2% and XRP dropped 4.2% — while Dogecoin slid 3.3% and Bitcoin lost 2.7%. The correlation between tech equities and crypto has been a recurring pattern in 2025: when growth stocks face selling pressure, traders tend to reduce risk across the board, and crypto — still treated as a high-beta asset class by many institutional desks — gets caught in the same wave. Bitcoin's relative resilience (down 2.7% versus ETH's 5.2%) pushed BTC dominance to 55.94%, as capital rotated toward the largest and most liquid asset in the space. The Fear & Greed index reading of 13 — deep in Extreme Fear territory — reflects how sharply sentiment has shifted. Readings this low have historically coincided with capitulation-style selling, though the index measures current sentiment, not future direction. Solana was the notable exception, gaining 1.1% to $69.63. No specific catalyst was identified for SOL's divergence; it may reflect technical buying at support or simply lighter selling pressure relative to ETH and XRP. Strategy's reported $13 billion paper loss on its Bitcoin holdings — highlighted in today's news — underscores the scale of institutional exposure to BTC price swings, though the company has not signaled any change to its accumulation strategy.

• –Japanese financial services giant SBI Holdings agreed to acquire crypto exchange Bitbank for $289 million, one of the larger institutional crypto deals in Japan's history.
• –Strategy's Bitcoin position is sitting on a reported $13 billion paper loss — a figure that alone exceeds the market cap of hundreds of prominent crypto tokens.
• –Investor Grant Cardone said he will continue buying Bitcoin using cash flows from his real estate portfolio, adding to a pattern of high-profile individuals treating BTC as a treasury asset.