Latest news with #Hyperliquid
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Business Standard
15 hours ago
- Business
- Business Standard
Bitcoin slips to monthly low as Israel-Iran conflict spooks investors
Bitcoin price today, Friday, June 20, 2025: The ongoing geopolitical conflict in the Middle East between Israel and Iran, compounded by the US Federal Reserve's decision to hold interest rates, has pushed the flagship cryptocurrency Bitcoin to its lowest level this month, touching $103,940. Bitcoin, analysts said, is in a phase of consolidation due to global macroeconomic uncertainty. Bitcoin was trading at around $104,714.58, down 0.20 per cent, with a 24-hour volume of $36.34 billion, as of 11:40 AM on Friday, according to data from CoinMarketCap. The bellwether cryptocurrency recorded a 24-hour low of $103,940.78 and a high of $105,104.40. Bitcoin is currently 6.79 per cent lower than its peak of $111,970.17, scaled on 22 May this year. Bitcoin faces restistance at $106,200 levels Bitcoin, Edul Patel, Co-founder and CEO of Mudrex, said, remains in a consolidated range due to global macroeconomic uncertainty. Geopolitical tensions in the Middle East, combined with the US Federal Reserve's decision to hold interest rates, Patel believes, have led to a risk-averse stance in the market. "Despite holding above the critical $100,000 level for over 40 days, Bitcoin continues to see muted trading activity, showing limited buying pressure. Bitcoin hasn't acquired enough strength to make a strong move," said Patel. For Bitcoin, Patel sees immediate support at $102,400, while key resistance is forming near $106,200. Meanwhile, Himanshu Maradiya, Founder & Chairman of CIFDAQ, believes that the consolidation in the crypto market is due to microeconomic pressure. "The Fed's unchanged rates and lowered growth projections have investors cautious. Still, signs of structural adoption are strong. Coinbase and Circle stocks are soaring, driven by rising stablecoin and blockchain demand," said Maradiya. "Public companies are diversifying into Hyperliquid, and Eigencloud's a16z-backed launch signals the growing power of restaking and modular crypto infrastructure." Ethereum and other altcoins trade lower Meanwhile, Ethereum (ETH), the world's second-largest cryptocurrency by market capitalisation, was also following a similar trajectory. At last check, it was quoted trading at $2,507.62, down 0.76 per cent. Ethereum has fluctuated in the range of $2,486.10 to $2,544.83 in the last 24 hours. Among other popular cryptocurrencies, Hyperliquid (HYPE) was trading lower by 6.67 per cent, Ripple (XRP) by 2.67 per cent, Solana (SOL) was down 2.6 per cent, Cardano (ADA) was trading lower by 2.59 per cent, and Binance Coin (BNB) was trading lower by 0.46 per cent.
Business Upturn
a day ago
- Business
- Business Upturn
Kinetiq Announces iHYPE: Institutional Staking Product for Hyperliquid (HYPE Token)
NEW YORK, June 19, 2025 (GLOBE NEWSWIRE) — Kinetiq (the 'Company') is pleased to announce the development of iHYPE, a dedicated institutional liquid staking product designed to meet rapidly growing institutional interest in HYPE, the native token of the Hyperliquid blockchain. Kinetiq will be engaging IMC Trading, Flowdesk, as well as one of the largest Qualified Custodians (QC) serving the crypto industry. This is complimented by several institutional-grade validators to ensure that any firm can acquire HYPE (staked via Kinetiq) in a compliant manner — from acquisition and custody, to staking and validator delegation. The development of iHYPE represents a significant expansion of Kinetiq's liquid staking offering and is intended to provide institutional investors with compliant, enterprise-grade access to Hyperliquid's native staking yields and network participation, without requiring direct involvement in secondary token markets. Meeting Market Demand Kinetiq has received substantial inbound from funds and allocators looking for secure, auditable, and institution-friendly infrastructure to participate in Hyperliquid's unprecedented growth. iHYPE is Kinetiq's response to that demand, providing institutions with a compliant gateway to Hyperliquid as it ushers in a new generation of completely onchain, global finance. ' Flowdesk is proud to support Kinetiq as a dedicated trading partner for iHYPE upon launch. Enabling compliant access for clients is a critical step as they build out their institutional-focused Hyperliquid product line, ' said Hanson Birringer, Head of US Sales at Flowdesk. Hyperliquid's technical capabilities include fully onchain order books for both perpetual futures and spot markets that boast throughput of over 200,000 transactions per second, capturing the attention of allocators across digital asset and legacy financial markets. iHYPE is being developed to remove barriers preventing institutional capital from accessing this ecosystem. iHYPE is currently undergoing security audits, compliance reviews, and operational integrations ahead of its public launch. With iHYPE, Kinetiq will deliver a staking solution that meets the standards of professional asset managers while preserving the integrity and ethos of Hyperliquid. About Kinetiq Kinetiq is a liquid staking protocol built natively on Hyperliquid, enabling users to permissionlessly stake HYPE for kHYPE (Kinetiq-staked HYPE) while retaining full liquidity, and a robust suite of DeFi opportunities. Kinetiq features delegated staking with dynamic, performance-based validator selection, and full integration with Hyperliquid's DeFi ecosystem. iHYPE is a new development by Kinetiq, one offered exclusively to institutions. About Hyperliquid Hyperliquid is a high-throughput Layer 1 blockchain purpose-built to house all of global finance. It supports one-block finality, 200,000 transactions per second, and fully onchain order books for both perpetual futures and spot markets (via HyperCore), alongside general smart contract functionality on HyperEVM. For further information, please contact: Email: [email protected] Website: X: Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash
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Business Standard
2 days ago
- Business
- Business Standard
Bitcoin fluctuates in narrow band as Fed's rate pause keeps markets on edge
Bitcoin price today, Thursday, June 19, 2025: The flagship cryptocurrency Bitcoin (BTC) is trading in a narrow range between $103,600 and $105,500 after US Federal Reserve Chairman Jerome Powell announced to keep the interest rates unchanged at 4.25 per cent–4.50 per cent, with a hawkish stance, citing inflation concerns. Analysts said that the markets had already priced in the US Fed's decision and expect Bitcoin to consolidate near current levels. Bitcoin was trading at around $104,996.65, down 0.41 per cent, with a trading volume of $48.34 billion, at 11:37 AM on Thursday, June 19, 2025, according to data from CoinMarketCap. The bellwether currency has fluctuated in the range of $103,602.26 - $105,542.84 in the last 24 hours. Bitcoin's market capitalisation was recorded at $2.08 trillion, cementing its position as the world's largest cryptocurrency by market value. Bitcoin to consolidate at current levels Vikram Subburaj, CEO of Giottus Crypto Platform, believes that there is a strong likelihood for Bitcoin to consolidate at current levels and undergo a short squeeze towards $109,000. "Bitcoin currently sits just below a Fair Value Gap zone, with resistance flagged at $106,179 and $108,046. The downside risk for Bitcoin this weekend remains limited after its drop earlier in the week," Subburaj said. Meanwhile, Edul Patel, Co-founder and CEO of Mudrex, on the other hand, remains optimistic and said, "Despite short-term pressure from macroeconomic and geopolitical factors, Bitcoin remains resilient near key support levels." Notably, Bitcoin ETFs have recorded eight consecutive days of inflows totaling over $2.2 billion, reflecting strong institutional interest. "With continued demand, Bitcoin could soon attempt the resistance at $106,500, while support holds firm around $103,000," said Patel. It is worth noting that Bitcoin is currently trading nearly 6.27 per cent lower from its peak of $111,970.17 scaled on May 22 this year. Ethereum and other altcoins trade lower Ethereum (ETH), the second-largest cryptocurrency by market capitalisation, slipped briefly below the $2,500 mark but regained it and was holding above it. Last checked, it was quoted at $2,520.77, down 0.71 per cent, with a trading volume of $19.46 billion. ETH swung in the range of $2,469.05 - $2,546.77 over the past 24 hours. Among other popular cryptocurrencies, Hyperliquid (HYPE) was trading lower by 7.37 per cent, Cardano (ADA) was trading lower by 2.71 per cent, Solana (SOL) was down 1.71 per cent, Binance Coin (BNB) dropped 1.24 per cent, and Ripple (XRP) was down by merely 0.05 per cent. Meanwhile, the US dollar-linked stablecoin Tether was trading flat at $1.
Yahoo
3 days ago
- Business
- Yahoo
Bitcoin Cash-Bitcoin Ratio Smashes Triangle Pattern; HYPE Rally May Be Over
Bitcoin cash BCH, the best performing top 100 cryptocurrency of the past 24 hours, looks set to chalk out a bull run against bitcoin BTC. That's because the BCH/BTC trading pair listed on Bitstamp has jumped out of a triangle pattern identified by series of descending intraday price highs and ascending price lows, both representing a narrowing price range. Breakouts from these patterns typically lead to significant moves, which means BCH could chalk out an impressive bull run against bitcoin in the days ahead. Adding to the bull case is the fact that the ratio has already topped the 200-day simple moving average, a barometer of long-term trends tracked by both retail and institutions. The ratio's expected ascent could face resistance at 0.00467, the swing low registered in February 2024, followed by the December high of 0.00636. The bullish outlook stands invalidation in case of a potential move below the monthly low of 0.00373. Decentralized exchange Hyperliquid's HYPE token may have headed lower, having chalked out a near five-fold rally to $44 in three months. HYPE's daily price chart shows that while the token has recently hit higher intraday highs, the 14-day relative strength, a momentum osicalltor, has diverged lower, confirming a so-called negative divergence. The pattern is said to reflect weakening of upside momentum and often presages bearish trend reversals.
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Business Standard
3 days ago
- Business
- Business Standard
Bitcoin consolidates near $107k levels; ETH struggles despite whale support
The crypto market is showing a mix of optimism and caution. The flagship currency, Bitcoin (BTC), briefly climbed to $108,915 amid strong institutional interest that boosted market sentiment. However, profit-taking at higher levels pulled the price back toward the $107,000 mark. Market analysts suggest that Bitcoin's current consolidation reflects short-term seller control. Bitcoin was quoted trading at around $107,231.21, up 0.56 per cent at 11:47 AM on Tuesday, June 17, with a 24-hour trading volume of $53.98 billion. Bitcoin's market capitalisation stood at $2.13 trillion, the highest among all cryptocurrencies. The world's most popular cryptocurrency has fluctuated in the range of $106,219.74–$108,915.38 in the last 24 hours, according to data from CoinMarketCap. Institutional moves, technical outlook Strategy's $1.05 billion acquisition of 10,100 BTC and Metaplanet's crypto reserves crossing the 10,000 BTC mark, Edul Patel, Co-founder and CEO of Mudrex, said, has helped fuel bullish momentum in the asset, despite geopolitical tensions. "At the current levels, Bitcoin faces major resistance at $110,300, while support stands at $105,800," said Patel. Riya Sehgal, Research Analyst at Delta Exchange, on the other hand, believes that Bitcoin, after facing rejection near $110k, is consolidating between $106k–$108k, with lower highs and declining volume reflecting short-term seller control. "Holding above $106k keeps the structure stable, but a break below could open the way to $104,000 and $101.5k. A move above $108k could reopen the path to $110k," said Sehgal. Ethereum whales accumulate as price struggles Meanwhile, Ethereum (ETH) whale accumulation jumped by over 818,000 ETH, marking the highest daily inflow in more than six years, supporting ETH above $2,500. That said, the analysts believe that ETH remains under pressure after failing to reclaim the $2,620–$2,640 range, with a clear lower high–lower low pattern. At last check, Ethereum was trading at around $2,581.35, down 1.36 per cent, with a trading volume of $26 billion. Ethereum has traded in the range of $2,528.20–$2,680.09 in the last 24 hours. If Ethereum slips below the $2,560 level, the next supports, Sehgal said, are $2,500 and $2,440. "However, a bounce from current levels could signal early strength." ETF flows on June 16 showed strong institutional appetite — BTC ETFs saw $408.6 million in net inflows and ETH ETFs $21.4 million. Altcoins trade mixed Among other popular cryptocurrencies, Hyperliquid (HYPE) was trading lower by 4.46 per cent, Solana (SOL) was down 2.10 per cent, and Cardano (ADA) down by 1.72 per cent. On the other hand, Ripple (XRP) was trading higher by 2.68 per cent, and Binance Coin (BNB) gained 0.53 per cent.
