Hyperliquid Strategies is trading at $11.24 (-5.15%) as crypto-market weakness and macro pressure weigh on crypto-linked equities.
- Bitcoin fell 2.89% and Ethereum declined 3.35% since the September 14 close, pressuring crypto-linked equities.
- Broader risk sentiment weakened as the 10-year Treasury yield reached 5.02% ahead of the Federal Reserve meeting.
- A Compass Point Buy rating and $18 price target on September 15 did not prevent the decline.