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HBAR surges 25% to an 8-month high on IBM Cloud AI identity solution news

Market News
30 Sep 2026
Cointribune
View Source
Bullish
HBAR surges 25% to an 8-month high on IBM Cloud AI identity solution news

Hedera's cryptocurrency HBAR jumped nearly 30% early this week, reaching its highest level since January, driven by the launch of IDTrust, an AI agent identity solution on IBM Cloud. The token peaked around $0.13 before retreating to about $0.11, with its market cap briefly surpassing $5 billion. Another potential catalyst is the rumored tokenization of BlackRock's money market fund on Hedera, though this remains unconfirmed. Investors are watching key support levels and await clarity on BlackRock's involvement as Hedera positions itself as a blockchain for AI infrastructure.

Following HBAR's recent surge to an 8-month high as reported, the token is currently trading at Rp1.930 on Pluang, showing a 5.44% decline in the last 24 hours as of Sep 30, 2026 22:23 WIB. The market cap stands at Rp84,26 trillion with a 24-hour trading volume of Rp7,74 trillion. On Pluang, 58% of orders are sell orders, while 42% are buy orders, and the typical holding period is 57 days, indicating active trading and investor interest in the token.

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