Bitcoin near $80,700 as tech shares fall after Alphabet results; Hyperliquid's HYPE jumps about 17%
Bitcoin traded at about $80,670 as of 17:54 GMT on Thursday, down 0.7% since midnight GMT, after dipping below $80,000 overnight. Ether, solana and XRP also fell, while Hyperliquid's HYPE token rose after the NYSE's owner announced a deal with a Hyperliquid-based platform.
Bitcoin was trading at about $80,670 as of 17:54 GMT on Thursday 29 October, down 0.7% since midnight GMT, according to Yahoo Finance data. CoinDesk reported that it had dipped to about $79,600 earlier in the day before rising back above $81,000 in US morning trading.
As of the same time, ether was down 1.0% at about $2,333, solana down 1.5% at about $100.74 and XRP down 2.7% at about $1.29, Yahoo Finance data showed.
CoinDesk linked the earlier fall to declines in technology shares after results from Alphabet and Samsung Electronics, and said tokens linked to artificial intelligence projects were among the biggest fallers, with near down 7.8%. US spot bitcoin exchange-traded funds took in $137 million on Wednesday, a third straight day of inflows, according to Farside Investors data cited by CoinDesk.
Hyperliquid’s HYPE token was up about 17% over 24 hours at about $94 as of 17:56 GMT, according to CoinGecko data, after Intercontinental Exchange, which owns the New York Stock Exchange, announced a deal with Trade[XYZ], a platform that runs perpetual futures markets on Hyperliquid.
Strategy, the largest corporate holder of bitcoin, was due to report third-quarter results after the US market close on Thursday. It holds 848,517 bitcoin bought at an average price of $75,446, according to a 26 October filing cited by CoinDesk.
See also: ICE and Trade[XYZ] plan US perpetual futures market.
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