Bybit News: Hedera (HBAR) Faces Price Volatility and Declining Trading Volume

Hedera (HBAR) Price Prediction for March 14

Over the last 24 hours, the price of HBAR has seen a strong recovery rally toward $0.2 but struggled to break through. Consequently, the price declined by nearly 1.4%, touching a low of $0.1843. Additionally, Hedera’s trading volume dropped 22% in the last 24 hours, reaching $331 million. Looking at a longer timeline, HBAR’s price has been decreasing since it dropped below $0.39 on December 3 and further crashed below $0.2 on February 3. The recent hack in Bybit also pushed the price toward $0.2. In the last 24 hours, Hedera’s market capitalization dropped by 1.4% to $8.11 billion. Despite the volatility, HBAR’s funding rate remains positive as it attempts to surge above the $0.2 level.

Ethereum Price Forecast: DeFi Sector Faces Risks if ETH Declines to $1,000

Ethereum (ETH) could trigger massive liquidations and dampen investors’ interest in DeFi if its price falls to $1,000. A key expert noted that ETH’s decline could pose significant risks to the DeFi sector. The top altcoin’s underperformance comes at a time when DeFi is facing backlash due to its role in helping Bybit hackers obfuscate stolen funds. ETH could decline to the $1,500 key support level if it fails to sustain a firm recovery above $2,200. Despite gaining 3% on Friday and trading above $1,900, the top altcoin still faces the risk of sparking a huge loss in the DeFi sector if it resumes a bearish trend.