Cryptocurrencies Price Prediction: Hyperliquid, Bitcoin & Zcash – Asian Wrap 06 November

HYPE Price Forecast: Hyperliquid Strategies seeks US approval for perpetual futures

Hyperliquid (HYPE) dropped 8% on Friday after Hyperliquid Strategies (PURR) filed an application to become a futures commission merchant (FCM), seeking regulatory approval to bring perpetual futures markets to US customers. The company disclosed the development in its Q3 financial results released Thursday. Through a subsidiary, Hyperliquid Strategies intends to carry US customer accounts for permissioned markets deployed under Hyperliquid's proposed HIP-3 framework, subject to regulatory approval.

Top 3 Price Predictions: Bitcoin, Ethereum, Ripple – Face renewed selling as key technical barriers and regulatory fears hit sentiment

Bitcoin price trades at $76,157 on Friday, extending a corrective phase below its key Exponential Moving Averages (EMAs) and keeping the bearish near-term bias. BTC remains under the 200-day EMA at $76,497, with the 100-day EMA at $77,778 and the 50-day EMA at $79,837 stacked overhead, suggesting a market that is capped by a dense band of medium- and longer-term trend resistance.

Zcash Price Forecast: ZEC defies crypto market sell-off as NU7 upgrade fuels breakout hopes

Zcash (ZEC) shows resilience above $1,300 on Friday, defying the broader cryptocurrency market sell-off, which saw over $1 billion in liquidations the previous day. This strength aligns with Network Upgrade 7 (NU7), scheduled for Friday, which enables faster payments and disables older transaction pools.