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HYPE Altcoin Drops 22% from Record Highs, Nears Critical Support Zone
HYPE, an altcoin, has dropped 22% from its all-time highs and is now approaching a key support zone.

HYPE, an altcoin, has dropped 22% from its all-time highs and is now approaching a key support zone.

Hyperliquid's open interest has surged by over 30% in a week, fueling speculation that its native HYPE token could soon reach the $80 mark.

The crypto market saw a notable downturn with Bitcoin dropping to $62,000 and influential trader Arthur Hayes' sales impacting altcoins like HYPE and NEAR.