Bitcoin BTC$64,558.20 is facing selling pressure ahead of today’s Federal Open Market Committee (FOMC) interest-rate decision at the first meeting under new Fed Chair Kevin Warsh.The largest cryptocurrency pulled back below $65,000 after trading near $67,000 just a day earlier, CoinDesk data show. The broader market CoinDesk 20 Index (CD200) has lost 1.2% since midnight UTC, with all but four tokens declining.“The main focus for the week is the FOMC meeting under new leadership, with market expectations of interest rate hikes already priced in through 2027,” Laser Digital said in its weekly note.The market is pricing in no change in…

Key takeaways:Hyperliquid defies the crypto bear market with $3 billion HYPE open interest, a 32% growth in a week.Hyperliquid’s TradFi innovation, like SpaceX pre-IPO trading, signals that the path to $80 HYPE price looks well-supported.Hyperliquid’s native token HYPE rallied 44% over five days, hitting a $76.90 all-time high on Tuesday. Despite the pullback to $73, open interest on HYPE futures reached the $3 billion mark, signaling growing institutional demand. With Hyperliquid decentralized exchange (DEX) volumes showing no signs of weakness amid the cryptocurrency bear market, traders question the odds of further HYPE gains above $80.HYPE futures aggregate open interest, USD. Source:…

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