HYPE token holds up better than Bitcoin and Ethereum as crypto market falls
MARKETSHyperliquidcoinbrief/daily · 1 source
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What happened
HYPE traded near $73 on Friday, down about 7% over seven days, compared with a fall of more than 9% for Bitcoin and nearly 14% for Ethereum. Bitunix research found HYPE's open interest on Hyperliquid fell about 12%, from $1.21 billion to $1.07 billion, while Ethereum's fell more than 52% on the same platform. US spot Bitcoin ETFs recorded $284.1 million in outflows on November 12, their sixth consecutive negative session.
For IT people · Written by AI from 1 source · Wrong?
What to do
- Watch whether HYPE holds the $70 level and the 200-day moving average near $68.60.
- Monitor US spot Bitcoin ETF flows, which have been negative for six consecutive sessions.
Written by AI from the sources, checked against them
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Who reported · 1 outlet
BeInCrypto
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