Crypto markets were largely flat on Thursday, with Ether and XRP treading water while most major tokens remained in the red for the week. The calm came as Asian chip stocks steadied following Samsung's massive profit surge, but the positive sentiment didn't spill over into digital assets.
A quiet Thursday for crypto
Ether and XRP barely budged on the day, trading in narrow ranges. Most other top cryptocurrencies also showed little movement. The lack of volatility comes after a week of declines — nearly every major token is still lower over the past seven days. Traders described the session as uneventful, with volumes thinning out.
Chip stocks find footing
Semiconductor shares in Asia stabilized Thursday after Samsung reported a 250-fold jump in quarterly profit. The news helped halt a broader selloff in chip stocks that had weighed on equity markets earlier in the week. But the rally in traditional tech didn't translate to crypto. Bitcoin and altcoins remained stuck in their own downtrend, suggesting the two asset classes are decoupling for now.
HYPE leads weekly losses
Among the hardest hit this week is HYPE, which is down 8% over the last seven days. Other majors like Solana and Avalanche also posted losses, though less severe. The broader market weakness follows a period of consolidation after June's rally. With no fresh catalyst, momentum has faded.
The week's losses leave several tokens near key support levels. Traders are watching for any regulatory news or macroeconomic data that could break the stalemate. For now, the market is waiting — and waiting isn't usually bullish.
