HYPE price could suffer as Binance takes its revenue: Alice Liu

Token buybacks have pushed Hyperliquid to all time highs, but Alice Liu from CoinMarketCap warns that Binance poses a threat to the revenue stream it depends on to pay for them.

Despite Bitcoin failing to hold above $80,000 following the recent rally, the cryptocurrency is unlikely to revisit the lower price levels it has hovered near for much of this year, according to CoinMarketCap Head of Research Alice Liu.

“I think we might have already touched the bottom,” Liu tells Cointelegraph on Trade Secrets, referring to Bitcoin falling to around $59,000 in June this year, approximately 53% below its October all-time high of $126,100. 

Bitcoin recently tapped $81,600 at the start of September, an approximate 28% rally since mid-August. It pushed the CoinMarketCap Crypto Fear & Greed Index, which measures overall sentiment in the crypto market, back up to Greed after posting Fear scores for most of the year.

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