Why is Hedera down today?

Hedera is down 5.6% to $0.0813 with no HBAR-specific catalyst in the news flow — the move is a higher-beta version of a broad crypto sell-off. Bitcoin slipped below $81,000 and touched $80,154 overnight, down 2.7% on the day, and altcoins outside the top 10 are absorbing the bulk of the damage. HBAR's 13.5% weekly decline against Bitcoin's 2.0% shows how much of the selling is concentrated down the risk curve.

The macro trigger was September CPI at 3.7%, above forecasts, which lifted Treasury yields and put a Fed hike back into the conversation, dragging crypto lower alongside equities. That was compounded by a global stock rout, with Korea's KOSPI closing 7.5% lower at its weakest level since April.

Leverage did the rest. Coinglass data shows $942.1 million in crypto positions liquidated over 24 hours, with longs accounting for $863.3 million, or 91.6% of the total — forced selling that hits thinner altcoin books like HBAR's $129 million daily volume hardest. Washington added noise, as White House crypto adviser Patrick Witt departed with the Clarity Act stalled.