Hedera Gives Back Three Quarters of the IBM Rally: What Is Going On With HBAR?

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.HBAR fell from $0.12212 to $0.10283 on Tuesday, handing back most of the previous day's 27 percent jump. There was no new announcement from Hedera, and the rest of the market barely moved.Hedera handed back most of the price jump on Tuesday that had carried the coin to the top of the market a day earlier. Hedera opened the trading day at $0.12212 and slid as far as $0.10283, with the coin most recently quoted at $0.10334. That is a swing of roughly 16 percent from the day's high to the day's low. There is no fresh announcement from Hedera or from The Hashgraph Group that would account for it. The rest of the market stood still while this happened. Bitcoin and Ether were each down less than half a percent over the same window. The pullback is therefore not a market event that caught every coin alike, but a move that concerns almost only HBAR. For you as a holder, that changes what the situation calls for: in a broad sell-off you usually sit on your hands, whereas with coin-specif...