HYPE, SPX, and FET lead the losses as crypto market liquidations cross $650 million
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%…
