🔴 Hyperliquid Strategies is trading 4.25% down today after hotter-than-expected U.S. inflation

Hyperliquid Strategies is trading 4.25% down at $9.81 as hotter-than-expected U.S. inflation pressured equities and crypto assets.

• On October 14, Reuters reported September CPI rose 3.7% year over year, versus 3.6% expected; the S&P 500 and Nasdaq were also lower.
• ETH fell 3.01% and BTC fell 1.16% since the prior close. A reported HYPE treasury purchase is company-related news, but available sources do not establish it as the cause of the decline.