Hyperliquid (HYPE), SPX6900 (SPX), and Artificial Superintelligence Alliance (FET) are leading the losses over the last 24 hours as the crypto market faces renewed selling pressure. 

The crypto market suffered $655 million in total liquidations over the last 24 hours as tariff tensions between the US and China increased. US President Donald Trump mentioned a potential halt in the cooking oil trade with China, which led to Bitcoin dropping below $113,000 and pressured other top altcoins. 

Crypto market liquidations. Source: CoinGlass

Technically, the top decliners risk further losses as bearish momentum increases. 

Hyperliquid pullback risks a drop below $30

Hyperliquid edges lower by over 1% at press time on Wednesday, extending the 7%…