Crypto Prices Slide as Risk Appetite Takes Hit from Chip Selloff

Leading cryptocurrencies took a hit on Thursday, mirroring the slide in stocks. The downward trend was attributed to a combination of factors, including the chip selloff and rising tensions with Iran.

The impact on risk appetite led to a decline in cryptocurrency prices across the board. Bitcoin (BTC) dropped 0.93% to $63,833.51, while Ethereum (ETH) fell by 2.63% to $1,859.89.

Ethereum's price drop was more pronounced than other major cryptocurrencies, with XRP (XRP) losing 1.32% to $1.09 and Dogecoin (DOGE) down 1.54% at $0.07246.