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Hyperliquid (HYPE) rebounded toward $82 on Thursday after an earlier drop to $77 on hotter-than-expected US inflation. Ripple Prime now offers institutions more than 100 RWA perpetual swap markets on Hyperliquid. HYPE dropped below $80 after US producer price index inflation rose 6.3% year-over-year in September, exceeding expectations of 5.3%.
Injective is inching closer to $9, extending a steady rebound from the 50-day EMA, which was at $6.59 last week. Injective’s CEO Eric Chen met with senior US officials on Wednesday to advance tokenization and on-chain finance within US regulatory frameworks.
Bitcoin, Ethereum, and Ripple show mixed price action on Friday, with BTC and ETH holding above key support levels while XRP struggles below key resistance. Meanwhile, sticky inflation figures have dampened risk appetite, and momentum indicators for these top three cryptocurrencies have also weakened, signaling a risk of a deeper correction if key support fails to hold.
Ethereum (ETH) is back above $2,400 on Thursday, rebounding from a brief decline toward $2,340, which was sparked by an upside surprise in the US wholesale inflation report. The Producer Price Index (PPI) increased 1.3% monthly and 6.3% annually in September, far above expectations of 0.5% and 5.3%, respectively.
Bitcoin (BTC) price is down over 4% so far this week, trading below $83,000 at the time of writing on Friday as mounting selling pressure threatens to derail the seasonal “Uptober” rally. Profit-taking, a surge in long liquidations and weakening demand from institutional investors are weighing on BTC.
