Hyperliquid Strategies is trading 5% down at $11.38 after Bitcoin fell 1.30% and Ethereum declined 1.38% since the September 9 close, pressuring crypto-linked equities.
- U.S. stocks are also lower, with the Nasdaq Composite down 0.76% and the S&P 500 down 0.59%.
- Hotter-than-expected August producer inflation lifted yields and reduced rate-cut optimism; geopolitical tensions and oil above $100 increased risk-off sentiment. Bitcoin is down 2% over 24 hours in a broad-based crypto retreat.