HYPE token dropped over 11%, briefly falling below the critical $65 level on OKX after Arthur Hayes publicly disclosed he liquidated all his HYPE and NEAR holdings. This sharp decline highlights the fragile liquidity and volatility in mid-cap altcoins, where influential investor moves can trigger rapid price swings. The $65 mark now acts as a psychological pivot; sustained trading below it could lead to further selling pressure from leveraged traders, while a rebound might indicate the drop was due to thin order books rather than fundamental issues. Market watchers will monitor liquidity and trading activity to see if HYPE can stabilize or if selling momentum continues.
Over $615 million in long liquidations, mainly in Bitcoin and Ethereum, caused a rapid crypto market sell-off within four hours, signaling a shift from bullish to cautious trading. Bitcoin fell 3.35% to $61,844, Ethereum dropped 7.46% to $1,654, and ...
Grayscale Investments has filed with the U.S. SEC to launch a spot Canton Coin ETF, allowing investors to gain direct exposure to Canton Coin without managing the token themselves. This move follows the recent launch of Grayscale's Hyperliquid stakin...
Cryptocurrency markets experienced a broad decline with major altcoins like Ethereum, Solana, and XRP falling sharply, signaling reduced risk appetite among traders. Bitcoin showed relative strength, dropping only 3.35% to $61,844, while its market d...
The UK's Financial Conduct Authority (FCA) has added Hyperliquid, a decentralized perpetual futures exchange, to its warning list for operating without authorization in the UK. This means British users who engage with Hyperliquid have no access to th...
Cryptocurrency markets saw a broad decline with Bitcoin priced at $62,136, down 1.69%, and Ethereum falling 5.3% to $1,667.85. Other major coins like Binance Coin, XRP, and Solana also experienced losses. This downward trend reflects ongoing market v...
