PDAXScope: BTC slides, XRP hits lows, HYPE jumps

Bitcoin Extends Selloff as Macro Pressures and Leverage Unwind (Decrypt)

Bitcoin’s price has extended its recent sell-off, sliding lower as broader economic pressures weigh on markets and leveraged traders unwind positions, as reported by Decrypt. Ongoing macro forces, like rising interest rates and shifting investor risk appetite, are reportedly contributing to the weak price action, with some traders de-risking and selling positions to reduce exposure.

XRP crashes to its lowest since Trump's election win, could slide further to $1.00 (CoinDesk)

XRP’s price fell to $1.44 – its lowest level since shortly after U.S. President Donald Trump’s election win in November 2024, as reported by CoinDesk. The drop reportedly came amid broader market weakness and profit-taking, with traders showing less interest in XRP compared with other assets.

Hyperliquid's HYPE higher by 10% on plans to add prediction markets and options (CoinDesk)

Hyperliquid’s HYPE token moved about 10% higher recently after the platform announced plans to add prediction markets and options trading, giving traders more ways to use and trade the token, as reported by CoinDesk. The new features could broaden interest and utility for HYPE, though some analysts reportedly note that adding complex products may also carry more risk for casual traders.

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