The crypto market remains under pressure, with large-cap cryptocurrencies losing an average of roughly 5% over the past 24 hours. XRP is moving within a longer-term downtrend: more than $12 million in long positions were liquidated, and a local rebound toward $1.25 remains possible despite the loss of the $1.20 threshold. Hyperliquid fell nearly 9% below $80 after applying to become a U.S. futures commission merchant, while the platform reported quarterly net income of $620 million. Stellar dropped toward $0.157, with the liquidation of 500,000 XLM having limited market impact, while the Bell release, which introduces post-quantum verification, is scheduled for mainnet deployment following the vote on November 23.
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