Cryptocurrency Market Round-Up

Typically, cryptocurrencies are termed as digital currencies and use blockchain technology to record every transaction. Hyperliquid (HYPE) is a high-performance Layer-1 blockchain-powered decentralized exchange (DEX) designed to deliver deep liquidity and a seamless trading experience. The platform supports advanced trading features, including spot markets, margin trading, and perpetual derivatives, while maintaining full decentralization and removing the need for intermediaries. HYPE has a market capitalization of ~USD 13.82 billion (as per TradingView as of June 11, 2026).

For the week ended June 05, 2026, the S&P Cryptocurrency Broad Digital Market (BDM) Index posted a sharp decline, falling 707.30 points, or 17.79%, to close at 3,268.56. The index faced persistent selling pressure throughout the week, extending its bearish trend as weakness spread across the broader digital asset market. Despite the steep weekly loss, market sentiment improved at the beginning of the new trading week on June 08, with the index showing signs of stabilization and recovery. Renewed buying interest in major cryptocurrencies, led by Bitcoin and Ethereum, helped restore investor confidence and fueled a broader rebound across the digital asset space, suggesting a potential shift toward a more constructive near-term outlook.

Having understood the S&P Cryptocurrency BDM Index movement over the last week and the scenario for the upcoming week, one cryptocurrency that seems ‘Non-Attractive’ at the current level appears to be Hyperliquid (HYPE) based on the below technical parameters: -

Past performance is not a reliable indicator of future performance.