HBAR, the native token of the Hedera network, rose 3% in the past 24 hours, reaching $0.23 from $0.22. This increase occurred between October 5 and October 6, amid a 5.47% intraday volatility range. The token rebounded from lows near $0.21, driven by strong buying activity that saw trading volumes exceed 70 million during peak hours.
The U.S. government shutdown has heightened investor interest in alternative assets, contributing to a surge in HBAR's trading volume to nearly 55 million, significantly above its daily average of 39.85 million. This demand reflects a broader market trend as investors seek stability amid economic uncertainty.
HBAR Gains 3% as U.S. Government Shutdown Spurs Demand
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.