HBAR Price Dips Amid Broad Market Caution

The cryptocurrency market has witnessed a decline in recent hours, with HBAR's price dropping to $0.10. This downward trend is largely attributed to Bitcoin's weakness, which has seen the benchmark digital asset trade around $66,230 after testing lows of $65,680.

As BTC struggles to maintain its gains, multiple top cryptocurrencies have experienced losses in the past 24 hours. Ethereum (ETH) has shed 5.3% to under $1,950, while XRP, Solana, and BNB have also registered significant losses.

The potential for a bearish breakdown risk for HBAR is heightened due to its correlation with Bitcoin's performance. Analysts warn that if BTC were to fall further, it could lead to a dip below $0.10 for the altcoin, with support levels at $0.088 and $0.079.