Bitcoin, XRP, Ethereum Slump as AI Selloff Hits Cryptos -- Barrons.com

Dow Jones06-10 20:33

By George Glover

The price of Bitcoin was sliding again Wednesday as investors continued to ditch risk-on assets, extending a miserable run for cryptocurrencies.

The world's largest crypto by total market capitalization was down 2.5% to $61,088 over the past 24 hours, according to data from CoinDesk. It was trading 52% below the record high it hit in October 2025.

Other tokens were also tumbling. Ethereum slipped 2.8%, Solana dropped 4%, and XRP fell 4.1% over the past 24 hours, per data from the Kraken crypto exchange.

There weren't any obvious regulatory or macroeconomic developments driving the selloff. But cryptos tend to trade based on sentiment, which was souring as the AI trade fizzled out.

Futures tracking the tech-heavy Nasdaq 100 index, which tends to trade in tandem with Bitcoin, were 1.4% lower on Wednesday, putting the gauge on track to extend a recent slump.

Digital assets were already struggling before Wednesday's selloff, with Bitcoin hitting its lowest level since 2024 last week as investors repositioned their portfolios to prepare for the looming SpaceX IPO.

Crypto stocks were also struggling on Wednesday. Crypto exchange Coinbase Global fell 2.5%, online-trading platform Robinhood Markets slid 2.3%, and Bitcoin investor Strategy dropped 2.5% ahead of the opening bell.

Write to George Glover at george.glover@dowjones.com

This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

June 10, 2026 08:33 ET (12:33 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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Ethereum slipped 2.8%, <a href=\"https://laohu8.com/S/HSDT\">Solana</a> dropped 4%, and XRP fell 4.1% over the past 24 hours, per data from the Kraken crypto exchange. \n</p>\n<p>\n  There weren't any obvious regulatory or macroeconomic developments driving the selloff. But cryptos tend to trade based on sentiment, which was souring as the AI trade fizzled out. \n</p>\n<p>\n  Futures tracking the tech-heavy Nasdaq 100 index, which tends to trade in tandem with Bitcoin, were 1.4% lower on Wednesday, putting the gauge on track to extend a recent slump. \n</p>\n<p>\n  Digital assets were already struggling before Wednesday's selloff, with Bitcoin hitting its lowest level since 2024 last week as investors repositioned their portfolios to prepare for the looming SpaceX IPO. \n</p>\n<p>\n  Crypto stocks were also struggling on Wednesday. Crypto exchange <a href=\"https://laohu8.com/S/COIN\">Coinbase</a> Global fell 2.5%, online-trading platform <a href=\"https://laohu8.com/S/HOOD\">Robinhood</a> Markets slid 2.3%, and Bitcoin investor <a href=\"https://laohu8.com/S/MSTR\">Strategy</a> dropped 2.5% ahead of the opening bell. \n</p>\n<p>\n  Write to George Glover at george.glover@dowjones.com \n</p>\n<p>\n   This content was created by Barron's, which is operated by Dow Jones &amp; Co. 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It was trading 52% below the record high it hit in October 2025. \n</p>\n<p>\n  Other tokens were also tumbling. Ethereum slipped 2.8%, <a href=\"https://laohu8.com/S/HSDT\">Solana</a> dropped 4%, and XRP fell 4.1% over the past 24 hours, per data from the Kraken crypto exchange. \n</p>\n<p>\n  There weren't any obvious regulatory or macroeconomic developments driving the selloff. But cryptos tend to trade based on sentiment, which was souring as the AI trade fizzled out. \n</p>\n<p>\n  Futures tracking the tech-heavy Nasdaq 100 index, which tends to trade in tandem with Bitcoin, were 1.4% lower on Wednesday, putting the gauge on track to extend a recent slump. \n</p>\n<p>\n  Digital assets were already struggling before Wednesday's selloff, with Bitcoin hitting its lowest level since 2024 last week as investors repositioned their portfolios to prepare for the looming SpaceX IPO. \n</p>\n<p>\n  Crypto stocks were also struggling on Wednesday. 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Barron's is published independently from Dow Jones Newswires and The Wall Street Journal. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 10, 2026 08:33 ET (12:33 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"09179","symbol_name":"嘉实以太币-U","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2642426822","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2642426822","pubTimestamp":1781094780,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"The price of Bitcoin was sliding again Wednesday as investors continued to ditch risk-on assets, extending a miserable run for cryptocurrencies.The world's largest crypto by total market capitalization was down 2.5% to $61,088 over the past 24 hours, according to data from CoinDesk. It was trading 52% below the record high it hit in October 2025.Other tokens were also tumbling. Ethereum slipped 2.8%, Solana dropped 4%, and XRP fell 4.1% over the past 24 hours, per data from the Kraken crypto exchange.There weren't any obvious regulatory or macroeconomic developments driving the selloff. 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It was trading 52% below the record high it hit in October 2025. \n\n\n  Other tokens were also tumbling. Ethereum slipped 2.8%, Solana dropped 4%, and XRP fell 4.1% over the past 24 hours, per data from the Kraken crypto exchange. \n\n\n  There weren't any obvious regulatory or macroeconomic developments driving the selloff. But cryptos tend to trade based on sentiment, which was souring as the AI trade fizzled out. \n\n\n  Futures tracking the tech-heavy Nasdaq 100 index, which tends to trade in tandem with Bitcoin, were 1.4% lower on Wednesday, putting the gauge on track to extend a recent slump. \n\n\n  Digital assets were already struggling before Wednesday's selloff, with Bitcoin hitting its lowest level since 2024 last week as investors repositioned their portfolios to prepare for the looming SpaceX IPO. \n\n\n  Crypto stocks were also struggling on Wednesday. Crypto exchange Coinbase Global fell 2.5%, online-trading platform Robinhood Markets slid 2.3%, and Bitcoin investor Strategy dropped 2.5% ahead of the opening bell. \n\n\n  Write to George Glover at george.glover@dowjones.com \n\n\n   This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal. \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  June 10, 2026 08:33 ET (12:33 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.43.1","shortVersion":"4.43.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2642426822","isCrawlerRequest":true}