Ether slides twice as fast as Bitcoin as Japan market rout hits crypto

The global tech trade is unraveling, and crypto is caught in the splash zone. Ether is currently bleeding at double the rate of Bitcoin after Japan’s Nikkei index suffered its steepest single-day drop since March. While the broader market shudders, Hyperliquid's native token HYPE fell 10% as traders pulled back from riskier speculative bets. It's a stark reversal for Ether, which managed to hold a slim weekly gain even as its peers dipped into the red. That lead is now evaporating. Investors are watching the yen carry trade and chip stocks for clues on whether this is a temporary correction or a deeper flight to safety. If the Nikkei doesn't find a floor by Monday, the weekend liquidity gap might turn this slide into a freefall. Will the upcoming ETF flows be enough to offset a global macro retreat?