Hedera Hashgraph (HBAR) experienced a significant price drop of 18% over the past week, shedding nearly $500 in value. This decline is attributed to market pressure and increased bearish sentiment in the cryptocurrency market, particularly impacting derivative-based assets. While no major spillover effects were observed on major cryptocurrencies like Bitcoin or Ethereum, HBAR’s sudden drop highlights potential risks for investors relying on derivatives. 18% price losses have been linked to a loss of monthly support, fueled by institutional selling. Hedera’s leadership team has not issued an official statement regarding the decline, leaving market observers to speculate and interpret current market conditions based on available data and historical trends. HBAR’s decline affected market liquidity and derivatives trading, triggering cascading stop-losses and decreased futures open interest. While altcoins experienced heightened risk, Bitcoin and Ethereum remained largely unaffected by this event, indicating a market-driven issue rather than a protocol crisis. 18% price drops have often resulted in extended bearish momentum for HBAR, with previous events leading to ripple effects confined to derivative markets. While official responses are pending from Hedera’s leadership, HBAR CEO Shayne Higdon reassured the community of continued support for developers and members facing market volatility. For further insights on crypto market dynamics, refer to CryptoRank insights and updates from Changelly’s official team.