Cryptos this week: BTC, ETH crash; TRON hits downside target; HYPE hits new record high!



Major cryptos are crashing this week!



Here's how some of the world's biggest cryptos (excluding stablecoins) have performed of late:

• Bitcoin: 4-month low, down over 14% so far this week.

• Ethereum: lowest since April 2025 (13-month low), down 17% week-to-date (wtd)

• Ripple: lowest since Nov 2024, down 15% wtd

• Solana: lowest since Dec 2023, down 20% wtd

• TRON: fallen “just” 5% so far this week.



TRON tests 100-day SMA support, as expected since June 1



Recall, that TRON was listed among our “3 Assets to Watch” (June 1-5), published at the start of this week.

As part of the “DOWNSIDE” scenario, we wrote this on Monday, June 1st: “ ... TRXUSDT may tumble to next find support around its 100-day SMA ...”

Sure enough, this week's selloff has TRON now testing support around its 100-day SMA at the time of writing.



[Trade TRXUDST Tron Button]<https://i.bybit.com/1yeabgs8>







HYPE sinks 20% after fresh record high!



Despite the rapid declines of late, the crypto world did witness some skyrocketing price action earlier this week!

HYPE soared to a new record high of 75.79 on June 1st, held around those levels through mid-week, before succumbing to the crypto-wide selloff.

Despite now trading about 20% below its ATH, HYPE can still boast of a year-to-date advance of about 140%!



[Trade HYPEUSDT Now]<https://i.bybit.com/1abOxQMC>







HYPE fulfills forecasted (May 25) “technical pullback”, before new ATH on June 1



Recall that HYPE was featured among our previous “3 Assets to Watch (May 25-29)”.

• Mon, May 25th: Bybit Learn warned of a “technical pullback” for this token

• Wed, May 28th: HYPE “tested support around its 55 mark” then rebounded, after some profit-taking and its RSI (relative strength index) returned below 70 threshold that marks “overbought” conditions.

• Mon, June 1st: HYPE hits new all-time intraday record high!





What is HYPE?



HYPE is the native token for Hyperliquid: a high-performance layer-1 blockchain purpose-built for on-chain order book perpetual futures and spot trading.

It uses the HyperBFT consensus mechanism, optimized for low-latency trading.

HYPE is used for transaction fees, staking, and protocol governance.



Here are some recent major developments:

• HYPE now the 10th biggest crypto by market cap (US$ 13.6 billion)

• First spot HYPE ETFs (exchange-traded funds) listed in the US last month:

• US-listed HYPE ETFs saw about US$ 180 million net inflows within 3 weeks after launch



For more on how HYPE’s token value is supported by:

• buybacks funded by fees from on-platform economic activity

• institutional/DATs demand

DOWNLOAD THE FULL REPORT by Block Scholes and Bybit Learn.



RE-WATCH Livestream (Oct 31, 2025): The Rise of Perp DEXs and How They Compare to CEXs







DISCLAIMER: This article is provided for general information and reflects the author’s views only. It does not constitute investment advice, nor an offer or solicitation to buy or sell any financial instruments or digital assets. Your ability to access or use any products or services mentioned may be subject to the laws and regulatory requirements of your jurisdiction.