Hyperliquid (HYPE) Loses $40 Threshold, Ethereum (ETH) Price Bounce Receives Boost, Shiba Inu (SHIB) Rally Struggles: Crypto Market Review

Is HYPE entering a bear market after a 10% weekly decline?

The cryptocurrency market has flipped bearish as long traders recorded massive losses over the past 24 hours.Bitcoin has dropped below $80,000 once again, while Ethereum failed to defend the $2,300 resistance level.HYPE, the native coin of the Hyperliquid DEX, is down by 3.6%, making it the second-worst performer among the top 10 cryptocurrencies by market cap. It is currently trading at $38  after closing below the rising trendline earlier this…

HYPE Falls Under $40 as Crypto Traders Pull Back, ETH Shows Signs of Life

Hyperliquid’s token dropped. HYPE slid below $40 as the crypto market hit another rough patch, with traders cutting back on… Read the original on HYPE Falls Under $40 as Crypto Traders Pull Back, ETH Shows Signs of Life. For more crypto news and analysis, visit TheCurrencyAnalytics.com.

Hyperliquid (HYPE) Loses $40 Threshold, Ethereum (ETH) Price Bounce Receives Boost, Shiba Inu (SHIB) Rally Struggles: Crypto Market Review

Despite the existing risk demand, market saw a substantial drop in activity of traders and investors that triggered a substantial sell-off.