HYPE Price Slips Below Key Averages as Hyperliquid Courts Washington

HYPE has slipped below its short-term moving averages after pulling back from its September high. A bearish crossover between the two averages is forming but has not been confirmed. Hyperliquid’s CEO wants US rules to target market operators instead of the blockchain itself. A regulated route for American traders through Kraken’s parent company still awaits approval. HYPE price is hovering near $79.30 on Monday, down about 8.5% over the past week and roughly 19% below the $98.16 peak it reached in September, after sellers pushed the price under both its 20-day and 50-day exponential moving averages.

Source: Crypto News Flash