5% HBAR Dip Follows Delay in ETF Greenlights Amid Government Shutdown
HBAR Tumbles 5% as ETF Approvals Stall Amid U.S. Government Shutdown
Hedera Hashgraph’s HBAR dropped nearly 5%, falling from $0.22 to $0.21 between October 8–9, as institutional investors scaled back amid ongoing regulatory uncertainty. Volumes surged past 100 million units per hour, with intraday volatility reaching 5.4%, reflecting heightened caution.
Selling pressure was concentrated overnight, with resistance at $0.22 and support at $0.21. In the final hour of trading, HBAR dipped an additional 0.85% to $0.212, while a brief rebound to $0.215 quickly failed. The market saw liquidity dry up in the closing minutes, signaling a likely institutional exit.
The pullback coincides with the U.S. government shutdown, which has paused SEC operations and delayed key ETF approvals. Pending filings include Canary Capital’s HBAR and Litecoin ETFs, while Bitwise has cut Solana ETF fees and added staking to maintain competitiveness. Analysts expect corporate treasuries to remain cautious until regulatory clarity returns.
Technical Highlights:
- Peak intraday volatility: 5.4%
- Resistance: $0.22, Support: $0.21
- Final hour losses: 0.85%, with recovery attempt failing at $0.215
- Coordinated institutional selling confirmed
Share this content:
