HBAR crypto price prediction as Hedera stablecoin market cap surges
Hedera Hashgraph's token extended its decline on Tuesday as both crypto and stock investors stayed on the sidelines ahead of the upcoming Federal Reserve announcement.
Hedera Hashgraph (HBAR) price dropped for four consecutive days, reaching its lowest level since April 22. It has dropped by 15% from its highest point last week.
HBAR dropped as most cryptocurrencies pulled back, with their market cap dropping from over $3 trillion last week to $2.9 trillion today. Top American indices like the Dow Jones and the S&P 500 dropped by over 0.50%.
This price action reflects caution from market participants ahead of the Federal Reserve's interest rate decision. Economists widely expect the central bank to hold rates steady at 4.50% as it waits for further inflation data. Any signal of a future rate cut would likely act as a bullish catalyst for HBAR and the broader crypto market.
There are signs that activity in the Hedera Hashgraph chain is rising. DeFi Llama data shows that the stablecoin market cap in the chain has jumped to a record high of $130 million, a big increase from the year-to-date low of $37 million. Circle's USD Coin (USDC) has a 99.8% market share in Hedera's chain. This increase is a sign of robust in the network.
Hedera stablecoin market cap | Source: DeFi Llama
Another potential catalyst for HBAR is the SEC's upcoming tokenization roundtable on May 12, which will feature representatives from major firms such as Franklin Templeton, BlackRock, and Invesco. The meeting will focus on regulating tokenized assets.
Hedera has emerged as one of the top chains in the real-world asset tokenization industry. For example, it partnered with Tokeny Solutions last week. Tokeny provides an onchain operating system for compliant asset tokenization.
HBAR price chart | Source: crypto.news
On the daily chart, HBAR rebounded on April 9, breaking above the upper side of a falling wedge pattern. It then rose to a high of $0.2020, which aligns with the 100-day Exponential Moving Average.
The bars of the Awesome Oscillator have pointed downwards and are about to cross the zero line. Also, the Relative Strength Index has formed a double-top pattern at 61.6, a sign that it is about to drop further.
Additionally, the MACD lines have made a bearish crossover. Taken together, these signals suggest that HBAR may continue to decline, with sellers targeting the year-to-date low of $0.1250. If reached, this level would form a double-bottom pattern, a potential reversal setup.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
31 minutes ago
- Yahoo
Who's Paying For Trump's Tariffs? You Are, Businesses Say
Companies are raising prices in response to President Donald Trump's tariff campaign, according to surveys. Some companies are passing the full cost to customers, while others are eating some of the costs themselves. Some companies have begun emailing customers to let them know prices are rising because of tariffs. One luggage company emailed its customers to say they were raising prices in response to the "dumpster fire" there was any doubt about who would ultimately pay the cost of Donald Trump's new import taxes, businesses have a clear answer: according to recent surveys and anecdotes collected by Federal Reserve banks and released this week. Separate survey results released this week from a few regional Fed outposts found that companies in their area are passing on at least some of their tariff costs to consumers. Most businesses in New York and northern New Jersey passed at least some of their tariff costs on to customers—a third of manufacturers and 45% of service firms passed along the entire cost, a survey by the New York Fed in May found. An April survey of regional businesses by the Atlanta Fed found that most firms would pass at least some of the tariff costs on to customers, with nearly 20% saying they'd pass on the entire cost of a hypothetical 10% top of that, the Fed's "beige book" compilation of reports from around the country was full of stories about businesses raising prices to make up for the increased cost of surveys and report shed light on a question with major implications for household budgets and the economy: how much will Trump's tariffs push up prices for everyday goods and services? Since February, Trump has imposed a dizzying and frequently changing array of import taxes, including a 10% tariff on items from most countries and a 25% tariff on many foreign cars. Averaged together, goods imported from overseas are facing a 15.6% tariff, the Yale Budget Lab calculated last issue of who, exactly, will pay the cost of those tariffs has been politically explosive. Amazon drew a barrage of criticism from the White House in April after it floated plans to show the cost of tariffs on the price tags in its online store. Similarly, Trump blasted Walmart after its executives said tariffs would push up prices, and the president demanded the retailer "eat" the cost of the tariffs. As recent surveys suggest customers will be chowing down on at least some of the tariff costs, companies are giving their customers the bad news up front. Companies in various industries are emailing their customers and alerting them to price increases, blaming example, Typology, a company that sells imported skincare products from France, emailed its customers to say it was absorbing much of the cost of the tariffs, but was implementing a "modest price adjustment" between 0.5% and 4.5%. Tonies, a maker of an audio player for children, said it was raising prices for some of its figurines to $19.99 from $14.99. BÉIS, which sells imported luggage, went viral on LinkedIn last month for its notably candid email about the unpredictable tariff policies. "This tariff situation is a complete dumpster fire, and we're all getting burned," the company's marketing team wrote. "Costs are up, and unfortunately our prices will have to follow suit." Read the original article on Investopedia Sign in to access your portfolio
Yahoo
31 minutes ago
- Yahoo
Corporate Cash Levels Are Starting to Fall
(Bloomberg) -- The latest earnings period brought what might be an early warning sign about credit quality for high-grade US companies. Next Stop: Rancho Cucamonga! Where Public Transit Systems Are Bouncing Back Around the World ICE Moves to DNA-Test Families Targeted for Deportation with New Contract US Housing Agency Vulnerable to Fraud After DOGE Cuts, Documents Warn Trump Said He Fired the National Portrait Gallery Director. She's Still There. Cash levels at blue-chip companies are shrinking, when excluding results from the most-cash-rich corporations. Among members of the S&P 500 that have posted results, cash levels for the latest quarter fell nearly 1% compared with the last three months of 2024. That's according to a Bloomberg News analysis that focuses on non-financial companies with less than $30 billion of cash. The group's cash holdings, now at $1.14 trillion, have broadly been declining since the third quarter of 2023, when they peaked at $1.21 trillion. While companies are still generally performing well, shrinking cash levels can be a sign of business slowing and profits falling. That's a particular concern now as escalating trade wars potentially boost the cost of foreign inputs, weigh on profits, and increase inflation. Bond prices for many US companies leave little room for error. Spreads, or risk premiums, on US high-grade corporate debt averaged just 0.85 percentage point on Friday, the tightest level since March. The average level for the last two decades is closer to 1.5 percentage point. 'It's actually a dangerous position to be in,' said Michael Contopoulos, deputy chief investment officer at Richard Bernstein Advisors. 'If you bring down cash balances and you find yourself having to deal with higher inflation and higher volatility, your debt is going to get punished.' For the biggest cash generators, the story is different. Giants from Meta Platforms Inc. to Microsoft Corp. and Nvidia Corp. generally posted strong earnings this quarter. The top 12 biggest holders of cash saw their holdings rise about 1.4%, to around $756.7 billion. The dozen companies, which also include companies outside of the technology industry like Johnson & Johnson, each have more than $30 billion of cash and marketable securities on their books, and hold in total about 40% of the S&P 500's cash. The biggest companies can distort averages, and by some measures many high-grade companies aren't looking great. Leverage levels, for example, have been better about 80% of the time over the last two decades, a UBS Group AG analysis found. But by other measures companies are still performing well. Investment-grade firms are holding more cash as a share of their assets than they have on average over the past decade, according to data from S&P that analyzed North American companies. It's likely the behavior that has contributed to the declines in cash — such as boosting share buybacks — has reversed this quarter as companies prepare for a slowdown, Bank of America credit strategist Yuri Seliger said. That's why some money managers are stopping short of saying that it's time to prepare for the worst. 'You still want to be positioned in companies that have the ability to weather a range of scenarios, but at the same time, I don't think you want to price your entire portfolio to the worst possible outcome,' said Maulik Bhansali, senior portfolio manager at Allspring Global Investments. If any credit weakness were to hit, it would likely start with smaller companies, and in leveraged finance or even private credit, said Matthew Mish, UBS' head of credit strategy. A close look does show some signs of weakness, at least in the smaller firms. Corporate profits for domestic, non-financial companies declined by about 3% in the first quarter compared to the previous period, Bureau of Economic Analysis data shows. 'The large liquid megacaps have certainly outperformed,' Mish said. 'Under the hood, there certainly is a little bit more weakness.' Week In Review Elon Musk is selling $5 billion of debt to help fund his artificial intelligence startup xAI Corp., the latest in a series of fundraising efforts across his business empire as the billionaire pivots away from politics and returns to running his companies. As part of that bond and loan sale, xAI opened its books to investors, showing the company generated about $52 million of gross revenue in the first quarter, and lost $341 million before interest, tax, depreciation and amortization. The sale may be complicated by a very public feud between Trump and Musk. Hong Kong developer New World Development Co. is sliding deeper into distress after its recent decision to delay interest payments on some bonds, marking the latest flashpoint in a years-long crisis in China's property market. Hedge fund founder George Weiss filed personal bankruptcy months after a federal judge ruled he's liable for more than $100 million in debt his eponymous firm owes Jefferies Financial Group Inc. JPMorgan Chase & Co. is sounding out investors for an almost $2 billion loan for Trucordia, the latest instance of a Wall Street bank refinancing debt that insurers initially secured from private credit firms. A group of Wall Street banks, led by Jefferies Financial Group Inc. and UBS Group AG, have started pre-marketing more than $1 billion of debt to fund Bain Capital's acquisition of restaurant chain operator Sizzling Platter. Owens & Minor, a distributor of medical supplies, canceled its planned purchase of Rotech Healthcare Holdings, sending its bonds on a wild ride. Notes it sold in April, with a 10% coupon and due 2030, dropped, because they can be redeemed at par and had been trading above face value. Many other securities the company had sold rallied. Banks and private credit funds are competing with each other to provide as much as €2.5 billion ($2.9 billion) of debt to insurance broker Diot-Siaci Group. Clearlake Capital-backed Wellness Pet Company snagged fresh financing and completed the first step of a debt deal that involves creditors taking a reduction in the value of the original amount they lent. German autoparts maker ZF Friedrichshafen AG pulled in more than €4.5 billion ($4.6 billion) in orders for a new bond sale, signaling strong investor support for shoring up its finances during a rocky stretch for the sector. Delta Air Lines Inc. sold $2 billion of investment-grade bonds Thursday to help repay a government loan it took out during the pandemic to pay employees. A $2.15 billion leveraged loan has been launched to help fund the planned acquisition of Colonial Enterprises Inc. Bankrupt genetic analysis company 23andMe will hold a second auction for its cache of DNA data with an opening bid of $305 million from a group led by the company's former chief executive officer, Anne Wojcicki. A subsidiary of Sunnova Energy International Inc. filed for bankruptcy in Texas as its parent struggled to convince creditors to give it funding to turn around its business in an out-of-court process. EchoStar Corp., the wireless and pay-TV operator controlled by billionaire Charlie Ergen, has decided to skip interest payments on three bonds after skipping another late last week. On the Move MUFG Securities Americas Inc. has hired two longtime leveraged loan bankers — Adam Hoffman and Roger Gilbert — as it continues to grow that business. Hoffman joins as head of loan trading while Gilbert will serve as head of loan sales. Both previously worked at Macquarie Group Ltd., which shuttered its US debt capital markets arm earlier this year to focus on private credit. Lane42 Investment Partners founder Scott Graves is building out his senior leadership team, hiring former CVC Capital Partners and Oaktree Capital Management employees to add to the asset manager he founded earlier this year. London-based hedge fund Redhedge Asset Management LLP has hired two portfolio managers amid growing US investor interest for European credit. Won Choi joined from Maven Investment Partners to oversee credit opportunities and special situations. Nick Campregher, formerly at ExodusPoint Capital Management, started last month and is focusing on financials. Before moving to the asset management industry, he had spent about a decade at UBS Group AG as a trader and risk manager. --With assistance from Tom Contiliano. Cavs Owner Dan Gilbert Wants to Donate His Billions—and Walk Again The SEC Pinned Its Hack on a Few Hapless Day Traders. The Full Story Is Far More Troubling Is Elon Musk's Political Capital Spent? What Does Musk-Trump Split Mean for a 'Big, Beautiful Bill'? Cuts to US Aid Imperil the World's Largest HIV Treatment Program ©2025 Bloomberg L.P. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
34 minutes ago
- Yahoo
Hunting for big game: Trump tariff inflation
My safari hat has been on for a month in search of big-game inflation. I blame Walmart (WMT) CFO John David Rainey for making me get into this wardrobe. "And so we'll work hard to try to keep prices low. But it's unavoidable that you're going to see some prices go up on certain items," Rainey told me in mid-May after Walmart reported first quarter earnings. Rainey — responding to my question on the impact of new Trump tariffs — said increases would be noticeable in a few short weeks. "Well, if you've got a 30% tariff on something, you're likely going to see double digits [in price increases]," Rainey warned. I've been on high alert ever since for signs of eye-popping inflation that brings back the discussion of a potential Fed rate hike this year (which has gone dormant). Or, at the bare minimum, renewed market volatility due to a more uncertain outlook. By and large, my hunting expeditions have come up short. The Consumer Price Index (CPI) for April rose by a seasonally adjusted 0.2%. The tame jump put the 12-month inflation rate at 2.3%, its lowest since February 2021. This report hit the wires on May 13, before an inflation-indicator company like Walmart warned about the looming effects of tariffs. Still, a data point is a data point. Also surprisingly docile was the inflation expectations reading in the University of Michigan's May sentiment report. Year-ahead inflation expectations were little changed at 6.6% versus April's 6.5%. The uptick marked the smallest increase since the election and ended a four-month streak of "extremely large" jumps in near-term inflation expectations. Long-term inflation expectations dropped to 4.2% in May from 4.4% in April. This was the first decline since December 2024. Again, a data point is a data point. While I hate to be the bearer of bad news, I have started to scope inflation charging out on the prairie. What I'm seeing seems to validate what Rainey told me and could set the stage for negative surprises for the bulls on inflation report days. New research from Morgan Stanley analyst Alex Straton shows that major retailers still reliant on China and other markets for production have begun to jack up prices a good bit. The average footwear year-over-year price increase tallied 13% in May, according to Straton's research. The prior six-month average was 1%. Under Armour (UA) and ON Holdings (ONON) were cited as being aggressive on recent price hikes. Some apparel pricing looked even worse, per Straton. Gap (GAP), for instance, hiked its average apparel pricing by 20% in May. Macy's (M) clocked in with a 12% apparel price increase, Levi's (LEVI) with 9%, and Nike (NKE) by 10%. Meanwhile, those aforementioned price increases at Walmart appear to be happening as Rainey promised. Customers are posting pics on the Walmart subreddit of large price increases on toys and apparel. "We also put in place some selective price actions," HP (HPQ) CEO Enrique Lores explained to me about how he is offsetting tariffs on parts that make up PCs and printers. "We think that the industry-wide price increases that we see, and especially the increased economic uncertainty, will have an impact on demand," he said, "and therefore we continue to expect that the market will grow, but we feel it will grow at a lower pace than we were expecting." Bottom line: If you've been complacent on tracking inflation, don't be. It's beginning to rear its ugly head and could devour your portfolio this summer if not careful. The Yahoo Finance team is heads down on our annual fall Invest conference. It's shaping up to be our most impactful one yet! At this invitation-only event, our guests will delve into the most critical issues powering global markets with our newsroom. Key themes include artificial intelligence, cryptocurrencies, and prosperity. Engage in Q&As following thought-provoking conversations with renowned investors, policymakers, economists, and other leading experts. For the first time, we will host two investor education rooms: one led by yours truly and one by the dynamic duo of data master Jared Blikre and veteran trader Kenny Polcari. I strongly encourage you to register now here before we are out of tickets. I will continue to remind you about Invest each Sunday in this newsletter. Brian Sozzi is Yahoo Finance's Executive Editor. Follow Sozzi on X @BrianSozzi, Instagram, and LinkedIn. Tips on stories? Email
