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Crypto market falls as Fed signals prolonged higher rates; Hyperliquid token rallies amid ecosystem growth concerns.

Market News
18 Jun 2026
Tokenpost
View Source
Bearish
pluang ai news

The cryptocurrency market declined after the U.S. Federal Reserve indicated that interest rates might stay higher for longer, causing investor caution. Bitcoin and major altcoins like Ethereum, XRP, BNB, and Solana all dropped over 1%, with DeFi tokens falling even more sharply. Despite this, Hyperliquid's token HYPE surged 34% due to record futures trading volumes, though concerns remain about the limited developer adoption in its HyperEVM ecosystem. Market sentiment remains fragile, with high liquidation of leveraged positions and increased demand for protective options, signaling cautious investor behavior going forward.

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